“It takes a licking and keeps on ticking?!”“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.
August 24, 2009
Tuesday, August 25, 2009
Jeff Saut's Weekly on the Market
Posted by BBL Jr at 5:58 PM