I mentioned last night that the market was extremely oversold and that I expected a bounce soon.  Well, we got that bounce.  The worst sectors performed the best today.  Here is a note from Gary Kaltbaum on the market corrections over the last 7 months.
As you can see, we are seeing some deterioration in a [...]

Today is the 80th anniversary of Black Monday.  The DJIA fell 13% on October 28th, 1929.  Some of the major indices looked like they were trying to pay tribute to this anniversary.  The market experienced another bearish day and most indices closed near the lows of the day.  Here are some of my notes on [...]

Bentley shared a story by Matt Taibbi about Goldman Sachs and their involvement in bubbles and the greater economy.  Well, here is another story about naked short selling and the demise of Bear Stearns and Lehman Brothers.  A long read but well worth it.

Here are the two chart patterns that Art Cashin discussed earlier last week.  First, the Dow Jones Transporting Average.

The Transports look like they have a double top in place.  Keep in mind, Art Cashin called this pattern early last week.  Since then, this index has put in poor volume patterns and broke the 50 [...]

Mr. Cashin talks about two chart patterns in the market.  I will highlight these patterns next week.