James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

News and stocks: A strange relationship.
There are very few pockets of momentum right now.
While I'm inclined to give the bulls more room to the upside, I was troubled by the lack of new buys in individual stocks on Tuesday.
Nothing about Monday's action hinted at today's rally.
It's easy to spot with action like this.
Bears keep forgetting what's propping the markets up.
Investors wait for central bankers to save the day once again.
This feels more like a temporary respite before the selling picks up again.
Failed bounces are the stuff of downtrends.
The routine "buy the dip" action is no longer taking place -- and that is a major change in the market.

Columnist Conversations

We will take off some more risk, bank some winners SOLD PG OCT 90 CALL AT 3.3 (in at 2.90) ...
After a very calm and sedate period of volatility which saw the VIX fall not only to all time lows but had a r...
today is a good day to lighten the load and take some positions off the table. SOLD WB OCT 85 CALL AT 11 (i...
I reached out last week to my close friend Ken Shreve, who is a prominent writer for the IBD.  I asked Ke...

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