Geithner Talk on Strong Dollar US Treasury Secretary Timothy Geithner was in Japan today saying the United States is committed to a strong dollar policy.According to the Wall Street Journal Geithner speaking to a group of Japanese reporters said it’s important for the economic health of the US to implement such a policy that will sustain the confidence of not just American investors but also foreigners as well.Geithner also added that he doesn’t see a contradiction between increasing a strategy of increasing exports and a stronger greenback. The thinking is that the world could be more open to US ...

Greetings from New York where it’s good to have an ample scalp with the day’s bullish yet odd market. Lowe’s (LOW) was the ostensible catalyst for the rally based on a quarter which was terrible vs. last year but better than estimates. The stock is giving back much of its gains off a hot open and trading to levels below where it was last Thursday. Banks and casinos are ripping on upgrades and giddiness over dilutive offerings “to pay back TARP.” Bank of America (BAC) was pushing $40 per share as recently as last October. Selling shares of unknown amounts ...

I've had a number of requests to update the market based on the DeMark indicators I use and over the past week or so I've received quite a few messages that are pretty similar to this one:Kevin: Not knowing where to put money lately as the market feels very overbought and I like many feel we are close to a major correction I put a high amount of my funds into GLD and GDX. Today is bloody for my investments. Where does one turn? Let's look at the broad market first. The SPX daily chart of the futures as ...

I say this every Tuesday but that's because it's true: Turnaround Tuesday struck again. Today’s battle went to the bears but the bulls still managed to keep most of the gain from yesterday’s session. The market had a hung-over feeling today - like a typical Monday after options expiration. Notable winners today were Baidu (BIDU) Morgan Stanley (MS) Potash (POT) and Mastercard (MA) to name a few. A lot of pundits are saying the market has come too far too fast. I've been saying this for well over a week (Read: I've been wrong). But I still think the market is ...

Were we dreaming yesterday when we heard that Minyanville’s Hoofy and Boo were nominated for an Emmy Award? Will you exercise your privilege to get out and vote today? Given the state of our union and the anatomy of our market isn’t the economy a “punt” for both candidates? In other words if the economic condition will be rough sledding over the next four years regardless of who wins—time and price are the only arbiters of our financial fate and debt destruction is an unavoidable destination—won’t today’s vote come down to social change vs. defense spending? Is there any ...