Although we’re in a bit of a correction right now, I remain basically bullish on stocks. I tend to favor the ones outside the US but even in the US, I think there are good reasons to remain bullish for now. Earnings are surprisingly good; productivity is rising as companies lay off workers and expand margins. And [...]

Commodities, like stocks, are correcting right now. Unlike stocks though, the commodity indices are still above their 50 day MAs and I think should be bought on the pullback.

All the major US stock market averages broke below their 50 Day Moving averages today. I use the 50 day MA as my correction indicator, so as far as I’m concerned, we are officially in a correction. That doesn’t mean the market has to fall off a cliff; many corrections are nothing more than sideways [...]