Comstcok Partners believes that the market rhythm described in this report is forecasting an economy that is heading for a "double dip" recession and a stock market test of the March 2009 S&P 500 low of 670. They believe any attempted rallies probably will not exceed the resistance at 1250 and should be...
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While spending increased in March by 1.8% over a year ago, adjusted for inflation it was way down. The only reason sales were positive was gasoline, though food sales were positive. Even there, that is mostly due to inflation and rising prices of food and staples. Download article as PDF
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Dale Franks gives his rundown on what to look for going forward from the economy, and the implications for investors: We’ve dropped off about 20% from the stock price highs of October, so we’re about due for a rally. Especially with the Fed obliging everyone with rate cuts. At this point, though, I’d...
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