Good Morning. The argument as to what comes next for stocks falls along party lines at this point. The bulls contend that they were tested last week and that the all-important line in the sand held. As such, our furry friends suggest that new highs for the major indices are only a matter …

Good Morning. The title of this morning's missive is "The Price of Perfection." The first point that needs to be made is that using the word "perfection" in anything related to the stock market may get me in trouble with Ms. Market. As anyone who has been in this business for any length o…

Stocks have entered a correctional phase of some sort. The next logical question, of course, becomes how low will the pullback go? 

Good Morning. Stocks have been see-sawing back and forth a fair amount lately and realistically, the short-term trend can't be rated any better than moderately negative right now. And after a strong rally that marched relentlessly higher for six straight months, I think we can all agree t…

One of the great things about being in Europe is the difference in time zones. Given that France and Italy are six hours ahead of New York and eight hours ahead of Denver, there was plenty of time each day to rest up, see some amazing sights, learn about history, and yet still have a mome…