Mark J Lundeen
I’m not surprised: The week following my article illustrating why I believed the gold and silver miners are “historic buys at today’s prices”; gold, silver and their miners get whacked to their lows of the current, so far eight week...
Tedious – that’s how I’d describe the stock market for the past six weeks. Everything is on hold until Janet Yellen finds the courage to euthanize the bulls on Wall Street with a few rate hikes. It will be a real tear-jerker, but it won’...
As expected, the FOMC passed up another opportunity to raise their Fed Funds Rate this week. With 2016 being an election year, and late September just a few weeks from the November election, how anyone could believe the Yellen Fed would...
There was some excitement on Tuesday. The Dow Jones was down 1.41% and the NYSE saw a day of extreme breadth (more on that below). But the Dow Jones recovered from its early week losses, and ended the week higher than last Friday’s close...
After two months the stock market finally saw a little excitement on Friday; the Dow Jones Index almost broke below 18,000 at the close. Two “policy makers” said FOMC “policy” isn’t market driven; that they may actually increase their Fed...
Looking at market history via the Bear’s Eye View (BEV) plot provides a unique insight into the past. When plotted in dollars, monetary inflation makes nonsense of market data spanning decades. A BEV view of the market, where each new...
For the past two months, excitement in the stock market has been hard to come by. On August 15th the Dow Jones saw its last all-time high, and it made seven new all-time highs in a row in mid-July. But these new highs only nudged the Dow...
Since July 8th the Dow Jones has seen only one day where it closed more than 1.50% from its last all-time high (Aug 2nd: -1.51%). Since then the Dow Jones has also seen nine new all-time highs, seven of them occurred in a string of days...
Late summer is usually a boring period in the market, and this year is proving to be no exception. As seen in the Bear’s Eye View (BEV) chart below, since early July the venerable Dow has made nine new all-time highs (BEV Zeros). Moreover...
On Thursday of this week, the Dow Jones made a new all-time high, its eighth since July 12th. Looking at the Dow Jones with its 52Wk High and Low lines below, we see its 52Wk High Line (Green plot) has been pushed above 18,500.
