Here is some recent news I’ve found interesting:
- A rare event: the S&P 500 is 20% above its 200 dma for the the first time since 1983.
- I wonder if this road map from a technical analyst will prove to be more or less correct?
- Wells Fargo (WFC) sells a loan—right at the 120 day point where it counts the loan as “defaulted”—to itself. Is this standard practice? Is it something to worry about? However you describe this practice, it just doesn’t seem right to me.
- There still seems to be no major shifts in money flows into or out of the markets.
- Mean reversion and further ruminations on whether the market is cheap or expensive: according to the Shiller 10 year PE ratio the stock market is trading at an 18 PE.
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