ECB Provides Stimulus

Super Mario Does It Again The European Central Bank (ECB) and its head banker, Mario Draghi, unveiled a series of new measures by expanding their quantitative easing package and cutting its benchmark interest rates to record lows. The ECB raised the amount of bonds the eurozone’s central bankers buy each month under their quantitative easing […]

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Rally Continues

Psychology during bear market rallies seems to follow a fairly consistent pattern. “During secondary reactions [upward] in bear markets,” wrote DOW Theorist Robert Rhea in the 1930’s, “it is a fairly uniform experience for traders and market experts to become very bullish.” The U.S. markets moved higher over the past week right up until 2pm […]

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“V” for Victory!

Last week was a wild ride for equities as the S&P 500 bounced on the August 2015 low and moved higher through the end of week. (See chart below.) Central bankers in Europe and Japan hinted at further stimulus measures on Wednesday and Thursday, which propelled global stock markets sharply higher into the close on […]

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