Be Wary of the Negative Pundits!!!

I am developing this platform called HippoTrader. It is an Excel based market environment tool that is the result of working with my traders. One of the things that this tool allows is the scanning of the market as the market moves. So I decided to watch the market for the bear raid algorithm....

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Why We Need The UpTick Rule

Today I noticed something interesting going on. I noticed how there were buyers, but they were overwhelmed. And that got me to thinking. Who on earth would sell now? Seriously let's think about this a bit. If you are in deep do-do with your portfolio would you sell? Probably not. Are there...

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My Long Term Trend...

I have to admit that my statistics model was walloped. Hey I was wrong, and that happens. About a year ago I did simple trend analysis of the long term DOW (since 1929) and what I saw I did not like. It said that we would reach levels that we are at now. So why did I not talk about that? Because I...

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Wow, Tom Friedman is Talking Contradictory

So I watched Meet the Press with Tom Friedman, and here is what he says: > Remember, what was Detroit's plan two years ago when they, when they confronted this problem?  It was to subsidize gasoline at a $1.99 a gallon if you bought a Hummer or Suburban or a big truck--that was their idea of...

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China Bad BUT Walmart Good?

Here is what you have to wonder about. China is a country that is suffering, and is a country that will collapse. At least that is what people are thinking. For example here is a quote that I heard in the media (CNBC Squawkbox). > "China is a construction story, and you have to wonder why they are...

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Friedman and Automotive Critics are Being Disingenuous

I listened to Friedman's rant on how wrong the big three are and that they should not get any money, yada, yada, yada... Folks, I have been involved both directly and indirectly in the automotive industry since 1985! My father used to a VP/Plant Manager for Magna, and Grammer. I myself have worked...

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