“ASUNCION (Reuters) - Spain and
Portugal said on Saturday the euro zone's debt crisis is a global problem,
calling on the United States and other G20 powers to help contain the fallout.
Spanish Prime Minister Jose Luis
Rodriguez Zapatero urged the G20 countries least affected by the crisis to
provide "urgent stimulus plans" to shield the global economy.” Full article: http://news.yahoo.com/trichet-says-crisis-not-over-hard-ahead-report-135901379.html
Gee…
didn’t the Europeans solve the Debt crisis?
The
Market can’t keep going up at the rate that we have seen since the 3 October.
My guess is that there will be some consolidation and a slower climb-rate for
the remainder of the year as late-comers keep the rally going.
Price,
VIX, and volume are all buy. Sentiment
is hold.
The
NTSM VIX indicator is still not confirming this big move up. It is “Buy”, and that is good, but the
indicator is not nearly as strong as following past bottoms. Frankly, I don’t know what that really
means. Perhaps it just reflects overall
market confusion.
The
NTMS looks good unless we have a few more days like today.
Overall,
the NTSM analysis remains BUY today.
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).
