The Chart du Jour
Can anyone remember the last time the venerable New York Times posted a bear a full half-page in length on the front of their Business Day section? I can't, but a bit in the style of analyst Paul Montgomery, I do find it yet another anecdotal sign that recent equity weakness is closer to ending than accelerating.
We've posted bears on Sandspring.com from time to time -- most notably when we were strongly bearish late last August. We will not do so today. As Merrill Lynch downgrades stock after stock that they previously recommended far higher, and the New York Times tells us what has happened instead of what will, Sandspring.com will ever so quietly suggest: buy, with a Nasdaq 100 stop firmly in hand near 1645.
Subscribers are invited to click here for immediate access to our latest in-depth article: "Measuring Financial Time: The Magic of Pi." The article is 10 pages in length, and in it, we touch upon two centuries of financial history. We also leave readers with our cyclical vision for the next decade, as well as a shorter term perspective of the NASDAQ 100 index for the balance of the year.
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It also may be of interest to some as well that because so much time (and thus timeliness) has now transpired, we recently released three of our 2000 subscriber-only articles. These now appear under the public Earlier Articles section of the website. Perusing through them may give one a sense of the added premium level of analysis we provide to subscribers.
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