We are in the back end of some interesting time cycles, namely the 144/987-month window we’ve discussed since September. Now they are in the 161-week window off the 2011 bottom and by next week the start of the 610-week window off the March 2003 bottom.
This is an extraordinary time window as we hit 987 months off of the 1932 bottom and right there at the blood moon we’ll be a couple of days off the 144-month/12 year anniversary to the end of the Internet bear.
Bank of Montreal’s wager on U.S. banking is proving profitable amid rising commercial lending, three years after doubling down on the Midwest with its biggest acquisition in the Canadian company’s 196-year history.
Former Microsoft Corp. senior manager Brian Jorgenson was sentenced to two years in prison for insider trading that reaped $400,000 in profit using nonpublic information about the software maker’s quarterly earnings and its investment in Barnes & Noble Inc., the U.S. said.