Gene Inger | TalkMarkets | Page 75
President of IngerLetter.com
Gene Inger pioneered U.S. financial television daily technical analysis. His stations later affiliated with FNN, merging into CNBC where he was an original Market Maven. His views have been quoted in Forbes, Barrons, the Wall Street Journal, on CNN and daily for subscribes to his Daily Briefing on ...more

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The 'Fog Of War'
On a day before Turkey Day the simmering market may not quite reach its boiling point, but it's close. S&P price goals for the end of 2016 are barely 1% above where we are now.
Strengthening Defenses
There is every reason now to believe the lowered estimates of even the bears are too optimistic if even one more incident occurs anywhere in Europe or closer to home.
If Markets Get Goose For Thanksgiving
If markets get goose for Thanksgiving - might they get turkey for Christmas instead? Given how extended things are, that's always possible.
Continuous 'Grooming' Of Markets
Dismiss it or embrace it; the Fed's desire is clear; and the message generally is a contradiction in terms: the idea that things are so bleak the Fed won't be raising rates beyond the initial move, or that it will be a series of hikes.
Cognitive Dissonance
The risks are not mitigated; just celebrated by virtue of some hope the Fed either won't or will limit moving to firm rates next month.
Barbarians Are Inside The Gates
Barbarians are inside the gates - and that's a huge challenge as you know. It impacts society in many ways; and that includes markets.
Black Friday
'Black Friday' - might come early for Wall Street by about two weeks; despite some pundits extolling 'extant' sectors they view as 'reasonable values' in this market.
Macy's Meltdown Was Sobering
Thursday will probably see an effort to get-up some steam for a bounce over the 2070 area at least by mid-morning; though we again wouldn't be surprised to see it falter as the day evolves.
A 'Rolling Bear Market'
A 'Rolling Bear Market' - has been a hallmark of technical indicators revealing internal (and insider) distribution, virtually throughout most of 2015.
Technical Deterioration
We won't be surprised to see more jockeying and infighting; but the contention that November would not replicate October is very much alive; as is the ongoing 2109 Dec. S&P short-sale, for now.
The Needle That May "Pop" The Bubble
Wall Street is busier than usual trying to convince everyone that the jobs report was superb when the greatest gain was in the over-55 age group; not a true indication of a robust job environment.
The U.S Fed And Global Deflationary Pressures
We suspect China, so desperately in-need of higher growth levels, plans a further devaluation of the Renminbi, not just because of low average wages in China, but their need to ramp exports, almost at any cost.
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