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 !!!

Thursday, May 19, 2011

Stock Market

The broad stock market is in the process of unwinding a very sizable overbought when compared
to either its 200 day or 40 wk m/a. As mentioned the other day, this process is seldom interrupted
by a dramatic positive turn in the market which features some staying power. The unwinding
process can be quick as happened during Q 3 1998, or it can seem interminably long as we saw
from mid 2003 through mid 2004. In looking over data for many years, I do not find a formula
for timing this sort of relative downshifting process.

On a short term trend line basis, the market is now advancing at a fraction better than stall speed.
So, trader bulls need to see a sharper pick up in positive momentum soon lest their positions turn
I looked at this outfit the other week. As a former senior investment executive, it looked to
me that in signing up, you were giving more than you might get in terms of good info. It struck me
as a "networking" spot for middle management paper shufflers and middle level techies. I am
of course from an earlier generation, but I certainly did not need this sort of contrivance to build
a powerful rolodex.

1 comment:

Motivation said...

Nice Post ,

Thanks for sharing.
Technology and the worthwhile stock markets are available to buy & sell stocks online.
Are you still seeking for paramount career opportunity US?Are you ready to grab Trading Technology Jobs, Quant Developer Jobs, Capital Markets Developer, Capital Markets Jobs? Financialtechjobs.com is a universal outsourcing resolution which endows with excellent job listing for best career opportunities. Here you can find all kinds of jobs including Trading Technology Jobs, management jobs, Quant Developer Jobs, Capital Markets Developer and Capital Markets Jobs.