Chris Robinson

I was bullish, I still am bullish, but today my stops saved me from myself. In fact, I was stopped out and then got net short and then put a buy stop in and then stopped watching the screen.
Was is the increased terror level? First coming out of India, then being raised in London?
Was is yesterday’s announcement by President Obama that he wants to curtail the trading ability of banks. No more speculation? Except, of course when they speculate on a mortgage, lol.
Now there is talk of getting rid of the Treasury Secretary and perhaps the Fed Chairman… I for one did […]

That’s it, the high is in, today’s 200 pt break is the beginning of the end. Fire and Brimstone, plague, disasters, tidal waves, cats and dogs living together… GOOD GOD these commentators make me want to scream. Every down move we have is broken down, “the biggest one day down move since…. fill in the flippin blank”. Bulls, you should be ecstatic. This is exactly the kind of panic reaction we need to keep this rally going.
I am more convinced than ever that we will see 11000 in the Dow and 1250 in the S&P in the next few weeks. Most likely after […]

The dollar went through the 78 level with a vengeance. Perhaps now we’ll see what really happens when the dollar carry trade winds out. I am not surprised that we had a bit of a pullback without first printing the 11000 in the Dow and at least 1250 in the SP500. It wouldn’t be the first time I got bullish at the top. However, a 200 point move lower is hardly anything to start freaking out about.
The Republican win, signaling a return to gridlock in Washington has to be a positive thing for the markets. I wouldn’t shift away from that choice until […]

I think we could see all three of those things this week. Certainly by the end of the month. The Republican win in Mass puts the kibosh on the run away liberal agenda presented when the President and both houses are all dominated by one party.
I further predict that the mid-term elections will have the Dems having their majority pared back. This is the beauty of our US democracy. No extreme agenda can take hold. We as a people like incremental change. President Reagan had dismal mid-term elections as well, losing 26 seats in the house. President Reagan was a very popular President, regardless […]

I think we could see all three of those things this week. Certainly by the end of the month. The Republican win in Mass puts the kibosh on the run away liberal agenda presented when the President and both houses are all dominated by one party.
I further predict that the mid-term elections will have the Dems having their majority pared back. This is the beauty of our US democracy. No extreme agenda can take hold. We as a people like incremental change. President Reagan had dismal mid-term elections as well, losing 26 seats in the house. President Reagan was a very popular President, regardless […]

Today is our day off in honor of MLK. Tuesday through Friday, the stocks will focus on earnings. Since most companies have discounted so much already, which I wrote about before, I can’t see any surprises on the horizon except for surprises to the upside. No one wants to disappoint earnings, so they just lower the bar so low that an ant could jump it. After, all, we are still in a funk, with 10% unemployment, and the consumer starting to save more than spend more. In an economy driven for the past 20 years by the consumer, that could be a problem.

Despite that, […]

I just had a brief question for any of my readers out there who may care to respond.
I was checking the news wire tonight, and I read a story that politicians in Washington are going to create jobs…
If we go back in history, other than hiring workers to work for the government itself, or by adding to the military.
During the Great Depression of the 1930’s, the government went through a lot of efforts to stimulate employment.

What was the The Works Progress Administration (renamed during 1939 as the Work Projects Administration; WPA) was the largest New Deal agency, employing millions […]

Going into Friday’s opening, we had some amazing news. Despite the limit down move in corn on Wednesday, after the USDA report, open interest actually grew… That suggests that despite the gap lower formations on the charts, that the funds are holding tight. Seeing that open interest grew between the 390 and 425 highs, you have to wonder at what point they will start to liquidate.

Goldman already came out with a rec to have their customers get out of their corn. The greatest, smartest, most well funded MBA, PhD masters of the universe and they got their clients long at the top, looking […]

It never ceases to amaze me the manic-depressive nature of financial news commentators. You can tell that most of them have never had a speculative or a hedge position EVER in any market by their demeanor. With the Dow at 10700, a 150 or even a 300 point correction is just that. A blip. I don’t know if these people ever took 5th grade math at all. There’s a relationship in the world called percentages which seems like a foreign language to these fear mongers. Simply put, a 100 point move when we were down at 6500 is more significant than when we are at […]

Won’t it be ironic when we see the Dow print 11,000. We got within 237 points from there today, climbing the wall of worry Bad news? Plenty of it, Dollar can’t get through the wall at 78 and looks like it wants to go down and re-test 74. China begins tightening the regs on their banks, earnings worries, mid-term election worries, worries about a populist President with a huge tax and spend agenda, all things which are fueling the market climbing the wall of worry.

What happens when we print 11,000 this month, and we most certainly will? To come within 237 points is […]