Bear Mountain Bull

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Can any country, any country at all, actually pull off what is perceived to be a honest and fair election anymore?? And I’m not saying this one in Nigeria was fair, by any stretch, since I have no idea. But even the ones that seem to have been fair are nearly always followed by loud cries of ‘foul’ from the losers.

Notes on the latest moves in the industry groups:

• Still only two groups in the red over 4 weeks.
• On the other hand, there are a number of groups up more than 10 percent over the past 4 weeks. Just a note of caution that some of these areas might be a wee bit overbought right now.
• Many health care stocks have also been pretty hot in the last couple of weeks.
• Real estate, some techs and some financials are still the laggards.
• For a more detailed breakdown of group movement over various time periods, try Prophet.net’s Industry Rankings page.