The Morning Call--The Fed's Market farce

The Morning Call

3/4/13

The Market

Technical

       Monday Morning Chartology

            The S&P remains within both its short and intermediate term uptrends.  However, the recent directionless churn is quite visible.

           

     

            GLD continues its disappointing pin action; and our Portfolios will continue to avoid it.

            The VIX remains in both its short and intermediate term downtrends---a positive for stocks.

            Market at a glance (short):

            http://blog.stocktradersalmanac.com/post/Market-at-a-Glance-DIA-SPY-QQQ

            Update on ‘the best stock market indicator ever’:

            http://advisorperspectives.com/dshort/guest/John-Carlucci-Best-Indicator-Ever-Update.php

            Secular bull and bear markets (medium):

            http://advisorperspectives.com/dshort/updates/Secular-Bull-and-Bear-Markets.php

    Fundamental

    

          The Fed’s Market farce (medium):

            http://money.msn.com/top-stocks/post.aspx?post=a2eba6a6-d24d-4633-b91a-356875ee5ef2

  News on Stocks in Our Portfolios courtesy of Seeking Alpha

 
Medivation (MDVN): Q4 EPS of -$0.43 beats by $0.09. Revenue of $57.4M beats by $23.04M.

Economics

   This Week’s Data

   Other

Politics

  Domestic

Rotten to the core---our education system (medium):

http://michellemalkin.com/2013/03/01/rotten-to-the-core-part-iii-lessons-from-texas-and-the-growing-grassroots-revolt/

  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.