”Despite the bad news the market is confused,” says Crisis Strategy Alert senior analyst Charles Delvalle. On Monday the futures were down over 80 points. Yet somehow, the market ended the day in the green. Then yesterday, the Dow futures were down over 100 points. So how did the Dow Jones recover most of the losses and end down less than 10 points? The bulls aren’t happy. And neither are the bears. For once, both camps seem absolutely befuddled. But here at Notes, we think it’s only a matter of time before we see a big move happen. Echoing Charles’s sentiment is Jack McHugh, writing at The Big Picture… Divining a directional change in market prices is tricky, even foolhardy, but perhaps the market leadership names will be instructive. Ever since the great bear market of 2007-2009 began, it has been led by the financial stocks. No matter which direction

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Notes from the Investment Underground

April 14, 2009

Palermo Viejo, Buenos Aires, Argentina

Richard Russell: Why this is a bear market correction… That latest outbreak of investor credulity… 25 biggest earnings-per-share movers and shakers heading into earnings season… Banks to be allowed to screw up indefinitely… The great “too big to fail” fraud… Bailouts costing $42,105 for each U.S. citizen… Bush-Obama tag team piles on debt at the rate of $60,000 a second… Bob Higgs on C-SPAN… China wises up… And more!

*** This Richard Russell quote is a must-read for investors thinking about buying back into stocks. Russell, now in his 50th year of publishing the excellent Dow Theory Letter, believes we are now witnessing a bear market correction.

The essence of Dow Theory has to do with VALUES. At the March low the price/earnings ratio for the Dow was 25.79 and the dividend ...

Notes from the Investment Underground April 9, 2009 Palermo Viejo, Buenos Aires, Argentina

Why you should invest in pipeline companies… Wither Geither’s stress test results? Congress vs the Treasury… Check out of USA Inc with these four BRIC EFTs… How to survive the “Great Money Famine of 2009”… Three questions for Barney Frank… Congressional panel: Liquidate banks, fire top execs… PPIP FLOP… Geithner’s latest Orwellian manoeuvre… And more!

*** We’ve added a new section to Notes. It’s called “Must Reads” and it’s basically a list of the day’s must read articles on money-making and the markets. It’s at the very bottom of the issue. Tell us what you think: info@contrarianprofits.com. Don’t be shy. We’ve got thick skins.

*** We love DailyWealth. It’s quite possibly the single best free source of contrarian money-making ideas out there (apart from Notes, of course).

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