Every correction is the same, a normal downturn in one or more of the markets where we invest. There has never been a correction that has not proven to be an investment opportunity. You can be confident that governments around the world are not going to allow another Great Depression “on their watch”.

Every correction is different, the result of various economic and/or political circumstances that create the need for adjustments in the financial markets.
While everything is down in price, as it is now, there is actually less to worry about. When the going gets tough, the tough go shopping.

In this case, an overheated real estate market, an overdose of financial bad judgment, and a damn the torpedoes stock market, propelled by demand for speculative derivative securities and Hedge Funds, finally came unglued.

But it is the reality of corrections that is …

There has never been a correction that has not proven to be an investment opportunity. While everything is down in price, there is actually less to worry about than when prices are historically high. More money has been lost by people who bought into last year’s markets than by those who will buy into this one, at this stage of the correction. When the going gets tough, the tough go shopping.

Every correction is different, the result of various economic and/or political circumstances that create the need for adjustments in the financial markets. This correction is worse than most that I’ve experienced, but the doom and gloom scenarios many have been pushing are unlikely to come to fruition. Once the media elects a new president, they’ll just have to start reporting better news: 96% of all mortgages are current sounds a whole …

Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let’s fire the right bunch of “poips” for a change!

Scary markets are brought about by many factors, some normal, and some not so normal. It’s often helpful to look backwards before getting too paranoid about the present. The S & L crisis of the early 80s might be an appropriate starting point.

Later that decade, a multi-year rally had its head lopped off by high interest rates, high inflation, and a computer loop. Ten years later, another soaring market was toppled by economic factors. The turn of the century witnessed the bloody demise of the no-value-at-all dot-com illusion.

A profit taking strategy during the rally days was all that was …

Impressive bounce off that 1260 level on the S&P. Like a magnet the market bounced to S&P 1275…. (thanks PPT) and away we go to 1280s. Reader Shax is happy and smug somewhere in Asia with his 100% long exposure. I just cannot see a break through that 1260 on the first attempt with all the King’s Horses and all the King’s Men here to socialize the market, all over again. They have charts too and realize how important this level is. It’s going to take repeated attempts I believe, to break through their purchasing power.Frankly at this point we have 2 outcomes (a) crash i.e. a 10% drop in the markets (June) followed by even more rampant selling layered on top or (b) an oversold bounce.I wrote last week I was done for now with Ultrashort Financial (SKF) as …

Hess Corporation (HES) Not quite at a 52 week high, Hess Corporation is a New York based  explorer, purchaser, and developer of oil and natural gas. The company’s stock is a decent buy from the normal ...

Let's rally come tomorrow, as Kramer would say 'gitty up'.  Thanks to the relatively 'good' news from the Fed Asian stocks jumped Thursday for the first time in six days. The Fed said risks to U.S. growth have diminished, however those calming words can't help Michael Richards' career. June 26 (Bloomberg) -- Asian stocks rose for the first time in six days, led by financial stocks, after the Federal Reserve said ...

Finally some good news, Saudi Arabia is ready to pump more than 9.7 million barrels per day (bpd) of oil for the rest of this year if there is demand, and could add an extra 2.5 million bpd of capacity above a current plan to reach 12.5 million bpd by the end of next year, Oil Minister Ali al-Naimi said at an emergency meeting of oil producing/consuming nations in Jeddah on Sunday. PERTH (Reuters) - U.S. crude futures fell over a dollar to near $134 a barrel on Monday after Saudi Arabia said at an emergency meeting over the weekend it was ready to increase oil output capacity by another 2.5 million barrels per day if there was demand. * NYMEX crude for August delivery CLc1 fell was down 55 cents at $134.81 a barrel by 2238 GMT, ...

Financials continue to feel max pain as major banks continue to be hammered by selling. The exotic forms of investment continue to haunt those firms who were careless and did not handle risk properly. Selling has spread throughout the rest of the market as Crude Oil prices race higher. We are also seeing Grains and Agriculture futures point higher as well. These markets have and continue to signal higher inflation. The markets haven’t quite seen a peak in fear, a washout of the markets is highly likely. Along the lines of a washout will more than likely be proceeded by crude oil entering in superspike mode. The market is in chaos mode and can not be trusted. Financials might continue their trend but the short trade has become so obvious a sharp covering rally could wipe you clean. So few stocks are working ...

Monday the NASDAQ undercut its most recent rally attempt’s lows reseting our confirmation rally. Tuesday’s action failed to re-ignite a new rally attempt. Volume was on the light side as NASDAQ volume fell roughly 2% while on the NYSE we saw higher volume. This market continues its “no man’s land” path. Overall, this market does appear to be a bit oversold at the moment and good news is that we haven’t been able to accelerate to the downside. However, upside seems a bit LAME! Until a clear direction in this market is set, its best to step aside and let others waste their time. Times like these the greats would be having a vacation. The lack of interest from large institutional players leads to lackluster markets like we have here. So many stocks are breaking out and failing that it leads me to ...

First, I have not done this properly, thank you for the various suggestions left toward the farmland project I have been working on. I have not really thanked you all properly.This is has been a peculiarly busy week, not trading but with every other aspect of my life, so just a few stray items to chew on today.Here is a link to a lengthy speech by Dennis Gartman. Despite how long it is it does read very quickly. One thing he said, which I cannot vouch for but is interesting if correct "In the last 30 centuries, China has been the dominant economy in the world for 28 of them. It’s just a return to the mean as China now becomes the dominant demand-oriented society in the world." I don't doubt the general idea I just don't know about 28 out of 30....