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Dow Jones Finds A Convoluted Way to Do Nothing

Franklin @ November 15, 2007 # One Comment

Last Friday I wrote that the Dow Jones at 13,099 should see a rest. I pointed out that some statistical barriers had been broken, and that the fall should stop around there. I was wrong by 0.6%, but not much more. And then, on Tuesday, we had this huge run rally of some 300 points. […]

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Dow Jones at 13,300.02

Franklin @ November 7, 2007 # 2 Comments

In October 22nd we said that the DJ was in for 400 to 600 more points of pain. Since then the Dow Jones went up a little and down a little, a lot of nothing happened until today. I still expect the Dow to go down to around 12,600 with a lot of noise and […]

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Official Reports Confirm Economy Worse Than in 2000

Franklin @ October 11, 2007 # One Comment

The Dow Jones’ new high is a numeric illusion The Personal Savings Rate is at the same level it was during the last recession Economic growth (GDP) is lower than inflation growth (i.e., the economy is not growing) Even after adjusting for inflation, cost of living is 17% higher than it was in 2000 The […]

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And we got increased volatility

Franklin @ October 3, 2007 # No Comment Yet

When I published on Monday, expect increased volatility the Dow run some 200 points much of which it lost most during the past 2 days. During the next 2 to 3 days, we should see a tug of war between bulls and bears. News will fly, both bad and great, talking heads will talk about […]

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