My title today derives from a quotation attributed to rear admiral David Farragut during the 1864 Battle of Mobile Bay. The actual sequence went more like this: “From his high perch, where he was lashed to the rigging of his flagship, USS Hartford, Farragut could see the ships pulling back. “What’s the trouble?” he shouted through…
Tag: Trump
A Lethal Combo: PMI at a 10-year low + Slowing Job Growth — NOT!
Flash! Dow looses 800 points in 2 Days Here we go again, more selling based on market news items reported without contextual backup. Purchasing Manager’s Index (PMI) for September Worst in a Decade 50.2% was the expected reading. 47.8% was the actual number. Any reading below 50 is considered to be indicative of a slowing…
Selling Climax, Please!
Just when I thought we were about to see the final washout, the purge of all the excesses of the last five years, a real ‘selling climax’, they yanked the rug out from under me again last Thursday afternoon.Then, again, Wednesday and Thursday of last week may have been a feeble, but effective end to…