After showing weakness last week and creating some bearish-looking technical formations, stocks took a turn for the better on Monday. Perhaps it was renowned value investor Warren Buffett breaking from his usual aversion to tech companies and investing $1 billion in Apple (AAPL) that gave bulls a much-needed shot of confidence. But then things went south again on Tuesday, and some commentators are surmising that the strength in some of the economic data makes investors think the Fed is more likely to raise rates, i.e., we may be back to a good-news-is-bad-news reactionary environment.

The stock market rally from the edge-of-the-cliff reversal on February 12 has continued, and an assault on the all-time highs from almost one year ago (on the S&P 500) now seems plausible. If it can hit new highs, the 7-year bull market is back in business. We are about halfway through earnings season, and after several years of record corporate earnings that were at least partly fueled by Fed policies that helped finance M&A and stock buybacks, some fear that profit margins have peaked.

PSW members click here for your copy of the latest newsletter: Snakebit

(please sign in with your PSW user name and password)

ilene / Tag: DIA, dollar, oil, qqq, SPY, stocks, USO, UUP / 0 Comments

Here's the newest Stock World Weekly:  Illusion Based on a Fantasy

Comments welcome... share your thoughts.

Download Newsletter 3/6/11

Phil explains how the oil markets are a colossal scam, once again enriching the big bankers at the expense of everyone else.  And of course, our propaganda machine mainstream media is making matters worse rather than engaging in objective reporting. - Ilene

ilene / Tag: China, CNBC, commodities, Copper, corporations, economy, FCX, Goldman Sachs, GS, insiders, NYMEX, oil, USO / 0 Comments

Monday Market Movement – Pulling on Global Threads and the SEP

Courtesy of Phil of Phil's Stock World

"We think the global (and overall European) outlook remains robust."

ilene / Tag: BERNANKE, China, Copper, dollar, GS, inflation, Ireland, JPM, oil, prices, stock-market / 0 Comments

Pages