General Electric is causing chatter on StockTwits. Leave this collapsing conglomerate to experienced traders, this is no place for investment. The last time I mentioned GE on this blog was here on December 02, 2008, trading around $17. “GE is a financial, mired in resistance, and in need of a bailout, I would sell the…
“The ‘canonical’ market bottom typically features below-average valuations, falling interest rates, new lows in some major indices on diminished trading volume… and finally, a quick high-volume reversal in breadth….” -John P. Hussman, Ph.D. (Hussman Funds, 5/22/06) This strikes me as good advice, though I haven’t lived through enough bear markets to validate its truth. Given…
The 5 least correlated positive return ETFs show numerous markets cracking critical support and making new lows. S&P 500 indicators are bearish across the board. The market remains fahklempt, buyers beware. The only positive things I see are emerging markets holding above the November lows, and Treasuries failing to make new highs, despite ominous news…