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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Overall Market Much Weaker than Most Think | Main | Transports Diverge, Stocks Completing upward Patterns »

March 30, 2016

Late Rally Erases PAR SAR Sell Signal

Wed March  30 2016

The Rally yesterday erased the PAR SAR daily sell signal which lasted a mere two days. This morning oil is up and the Dow has jumped another 100 points.

We have a bifurcated market here. On the one hand a few stocks ala the Fab Five in the NASD are holding up major indexes. On the other hand huge swaths of the security landscape have been decimated like banks and energy service.

Best guess is that the market advances into Friday April 1 before starting a pull back that will last past April 15.

I continue to see more fundamental signs of weakness. We reported on sub prime auto loans a few posts back. Today on page C1 we have

Another Miami Condo Bust Looms

The article notes that weakness in South America means weak condo futures in Miami. Also

Oil Sinks as New Supply Emerges

Posted at 07:53 AM |

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