Traffic since September started has just been terrible. Should be bags of fun when the snow starts flying.
It was a fun opening NFL weekend. This is the most wide open year I can remember. Everyone says that every year, but it's actually true this time. Monday Night Football and an offensive show by the Patriots was a fun capper to the weekend. Keep it coming!
What Would a Bottom Look Like?
Right now everyone is looking at the same charts, the same areas of importance, and the same patterns. Everyone now is well aware of the major issue that is the Eurozone. When can the porkchopfest of a market stop? When will things turn around? I have no idea, but I do have an idea what kinds of things need to happen for the poor market action to start resolving. Here they are:
Some form of Closure for Euro debt
Whether it's a huge bailout escalation, or a default by some countries this issue has got to be put to bed, at least short term (6 months). The assault on the value of "notional" money is scaring people right now.
The US FED: Fish or Cut Bait
Bernanke and posse have been playing footsie with the markets; will they do operation twist?, will they stop buying stuff?, will they actually fire up the helicopters? Next week the FED needs to be clear what the plan is.
Stocks Have to Stop the Correlation Tango
For weeks either every stock goes up or every one goes down. This is absurd market action and useless investment wise except on the very shortest time spans.
Markets Must React to Lowered S&P Earnings Estimates
Earnings estimates are too high and some analysts are starting to lower them. How can you beat expectations if they are too high after all? Luckily from where we are price wise, this may be "in" the market if Euro fears can subside.
New Non-Coffee Stock Leadership and Market Volume
Coffee stocks are the new MOMO play and while it must be fun to play them, we are not going to get broad market participation if coffee stocks are the only game in town. Volume has been worse than nothing, buyers need to come in and set up base camp.
There are a few more and feel free to add your own in the comments section.
Have a good night.