The following is a recap of the stock market analysis I provided in my monthly investment letter “Macro Tides” from early 2007 to April 8, 2010. My approach combines both fundamental analysis and technical analysis, which is unusual. Most economists and market strategists rely almost exclusively on fundamental analysis, which focuses on the economy and estimates for corporate earnings. Technical analysis utilizes measures of price momentum, moving averages, and charts of the major market indices like the DJIA and S&P 500. I believe the combination of both disciplines is better, since...
