August 25, 2013
Weekly Market Outlook
By Mish Schneider
On Friday, Microsoft announced that Steve Balmer would retire in the next 12 months, and the market reacted joyously.
Luckily for Steve Balmer, he’s got pretty thick skin, so he’s probably not losing any sleep over the fact that the market value of Microsoft jumped by $19.65 billion on news of his retirement. But one would have hoped that after 33 years of dedicated service to the company, he’d get a little more of a congenial "good bye" than a $19 billion dollar diss.
Of course, it’s not all bad news for Steve. With 333 million shares of MSFT to his name, the market’s discontent with him as the CEO just made him close to a $1 billion wealthier.
So as traders are fond of saying, sometimes, “bad news is good news”.
In last week’s Market Outlook I discussed a few market conditions that may not have been obvious, but should be closely watched as threats to the Bull’s hopes for a shallow market correction. This week I’ve discovered a few more indicators you should be watching to either protect stock positions or find opportunities on the short side. And if you
All is not bearish, however, a bounce has definitely gotten started! The big question is how long will the rally last, and would you be better off betting on Gold than stocks right now. Watch this week’s video for all the answers.
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