Tuesday, August 25, 2009

Jeff Saut's Weekly on the Market

“It takes a licking and keeps on ticking?!”
August 24, 2009

“It takes a licking and keeps on ticking” is a phrase lionized by pitchman John Cameron Swayze in the Timex watch commercials of an era gone by. Similarly, the same can be said about the current state of the stock market, as despite the Asian Angst, the overbought observations, the vitriolic violation of the 10-DMAs, and all the other negatives mentioned by the “bears,” we keep chanting “Cautious yes, bearish no.” Consider this: at the March 2009 “lows” the equity markets were at least three, and possibly four, standard deviations below norms.


lonek8 said...

the timex commercial where the sumo wrestlers have the watches taped to their bellies and slam them together is an all-time classic

BBL Jr said...

I must confess I have never seen that one.