It is interesting to hear all the breathless talk about a bottom being put in, and now it is time to get long stocks again.  That the Bear Stearns blowout (which was somewhat forced) is that singular event that marks the turning point.  It marked “a” turning point to be sure.  But not “the” turning [...]

When you are wrong, you are either wrong or early. I have been wrong in thinking that economic weakness would take commodities down with them. Markets have not traced out so many charts like those we are seeing today since the 1970’s. I wrote a couple years ago that there was [...]