The double bottom was completed with all USA indicators
November 13 did reveal that this record downward leg of the bear market is over. Every USA index has repeated its low with the S&P actually setting an inter day new record low but then still closed above its previous low closing. The bounce was initially from many sources but as soon as the decline for the day was erased, the computer driven buying surged with 20% of the daily volume occurring within 15 minutes of the market crossing into positive territory. The five investing indicators we follow are green again. Our indicators are tuned with a 60 to 180 day horizon.


We can expect spirits to begin to rise now as the world recession demands resolution
World leaders meet this weekend to coordinate a more global solution to this economic mess. The cause, we must all agree, is lack of global regulation. We had regulated our USA banking system until the world's unregulated competition almost wiped out our banks. Can you remember when the world banks of Japan where gradually knocking the USA banks out of the top 10? I remember that well... and that forced us to deregulate our own banks. Banking and securitized debt require world standards and world regulation or each country cheats and lowers their standards to undo the competition. Likewise the executive salary scandal requires world regulation or the corporate sycophants just abandon their country.