Little has changed from yesterday --- which, as you'll recall, wiped out the Fannie/Freddie bail-out rally. Notice the following:
-- Prices are below all the SMAs
-- All the SMAs are bunched together and
-- All the SMAs are heading lower
The bunched position of the SMAs makes this chart difficult to interpret -- it could go either way. There are still a ton of variables in play that the market has to figure out. It's definitely a wait and see situation.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.