Monday, March 18, 2013

Monday Morning Chartology + Cyprus run down


The Morning Call

3/18/13

The Market
           
    Technical

      Monday Morning ChartologyThe S&P shows no sign of rolling over; hence, a challenge of 1576 seems a lock.  On the other hand, it can’t generate the momentum to catch up with the Dow---which leaves open the question on whether it can surmount 1576.

           
GLD remains well within its short term downtrend.  It does appear to be trying to develop a support level---something that bears watching.


         
The VIX (11.30) remains within its short and intermediate term downtrends though it is also near its all time low (9.83).


         
            The life expectancy of a four year old bull market (short):

            Update on ‘the best stock market indicator ever’ (short):

    Fundamental
    
            Dominating the headlines today will be the bail out (in?) of the Cyprus banking system.  Here from Goldman Sachs is everything you want to know about what just happened (medium/long):

            Plus an opinion (medium):

            Monday morning humor (4 minute video):

     Investing for Survival

            Introducing the Bitcoin, a new currency outside the government’s purview.  This is not a solicitation just an article on how it works.  It is long but a must read:

            News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

   Other

            Corporate profits are mean reverting (short):

Politics

  Domestic

How to define affirmative action or diversity (medium):

  International War Against Radical Islam









Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.

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