“…for all of our whining about the recovery — “only” a 2.5%
growth rate and a “high” unemployment rate of 8.1% — it is nothing compared to
the euro zone: 10.9% unemployment in May and an expected 0% economic growth
rate in 2012.
In other words, we’re going gangbusters compared to the
austerity-driven economies just west of the Caucuses.” Full
Story at:
MARKET
The S&P 500
was DOWN Tuesday to 1364. VIX rose 0.6%
to 19.05.
On 6 March the S&P 500
made a short-term low of 1343. Today the
S&P 500 bounced off the 1347 level around 11 this morning and moved up from
there. Volume was lower today than 2-months
ago; it looked like the volume was very low today until the buyers stepped in
and moved the market up 20-points from its earlier low. Some will call this a
double-bottom. It’s possible; we’ll have
to wait and see.
Perhaps we’ll see some
computer driven buying tomorrow. That’s
sounds better than the trickle-down we’ve seen so far.
NTSM
The NTSM analysis remained
HOLD today, Tuesday. It’s been slow and
steady down – if we get a big day down, the NTSM would probably switch to sell.
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 (and 100% stocks in the 401k.). (See the page “How to Use
the NTSM System” – the link is on the right side of this page). 100% in stocks is quite extreme so don’t do
it unless you have a high tolerance for risk.
