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About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Friday, March 11, 2011

Stock Market -- Technical

As discussed yesterday, the daily market chart has turned down. The weekly chart is still
positive, but may well be tested right ahead. $SPX weekly

At this point, with no new insights on the technical front, I am content to let the forthcoming
action play out for a week or two and move on to other matters.
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I understand that the capital and commodities markets are critical tools of price discovery, but
today's arguments and handicapping of the quake / tsunami in Japan was appalling even by the
Street's very low standards.

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