Stock Market Articles

The market continued it’s push to Dow 11,000 again last week and finally touched 11,000.  I read an article over the weekend about more slickery moves currently being made by Major U.S. Banks once again.  The article  was titled “Major US Banks Masked Risk Levels: Report “ it can be found here: http://www.cnbc.com/id/36305791    It looks like Major US Banks are back to their old ways yet once again, after the deep recession that we are still recovering from, which was caused by their previous slippery antics over the prior few years.  “It didn’t take long, for them to return back to their old ways, did it?”

This week we have the start of earnings week for many of the Major US Banks and the financial sector.  The earnings will more than likely be strongly tweaked to satisfaction once again as noted in the news article attached.  And the stock market will more than likely continue to rise to the Dow  11,000 target point this week regardless of the earnings reports and lackluster economic reports once again like the last past few weeks. The best thing to do at the current time is to trade along with the current rise in the markets while it last, but make no mistake the economic sentiment is still on shaky ground or in recovery mode and the Major US Banks are still doing their bad tactics and currently setting up for the next bubble to come within the next several years.  In the meantime, trade the current rise in the markets and make money carefully, but don’t be fooled, the economy’s recovery stage does not reflect the current move in the markets that we have had over the last month or so.  The market and economy are in recovery and we should see the stock market continue to rise over the next couple of years as economic conditions improve, but as the market rises there should be normal healthy slight pullbacks or a new bubble in equities market can arise and start to form over time, kind of like the 1999 bubble with the Internet Startup stocks.  So for the time being it would be best to trade along with the rally intraday, or cautiously with swing trades with tight exits, and a tight stoploss, but I repeat cautiously until some sort or slight pullback or break happens in the markets.  Slight pullbacks or breaks in a market rally are healthy and are needed to propel a rally further.  A market rally that just continues to go up and up with no slight pullbacks or breaks eventually just becomes a bubble and needs to be traded very cautiously.