In economic news, U.S. jobless claims fell by 14,000 in
the past week to matching a four-year low.
March manufacturing activity in the New York and
Philadelphia regions improved, and beat economists estimates
This report from last weekend for those who are
bored…
“Moody's
declared Greece in default on its debt Friday after Athens carved out a deal
with private creditors for a bond exchange that will write off 107 billion
euros ($140 billion) of its debt….(and) the exercise of collective action
clauses that Athens is applying to its bonds will force the remaining
bondholders to participate…."According to Moody's definitions, this
exchange represents a 'distressed exchange,' and therefore a debt default."
(John Hussman's call was right about that.)
NTSM ANALYSIS
The NTSM analysis
remains HOLD at the close Thursday..
MY INVESTED POSITION
I bought back into the stock market at S&P
500, 1155 on 7 Oct after the 6 Oct NTSM buy signal. I remain 100% long in the long-term portfolio
(100% stocks in the 401k.). (See the page “How to Use the NTSM System” – the
link is on the right side of this page).
