Bull Market in Bearishness
It’s amazing how many articles I see and Google searches being made about recessions and bear markets. Since the 2008 financial crisis, investors have typically pivoted very quickly to being negative when headlines were dark. And since 2009 we have not had any long-lasting stock market declines. When I get questioned about the comparison between now and the Dotcom Bubble, there are many enormous differences, but none bigger than the lengthy period it took for investors to become bearish. Every […]
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Date: June 6, 2022
We’re Afraid of Running Out of Money During Retirement
Many Americans might not go completely broke in retirement, but the fear of running out is real, especially when financial markets fall. According to a February 2021 research report by the National Institute on Retirement Security, 56 percent of respondents said they are concerned about achieving a financially secure retirement. The good news is that the right financial professional can help ease your fears by showing you how to make your money last longer. In this article, I share some […]
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Date: June 3, 2022
Adios May
Can I just say good riddance to May and move on? After all, the first 19 days were as painful as any in recent memory. And one of the longest and most relentless selling waves took place through May 20th. The good news was that my loyal readers got a timely warning that a low of significance was forming. During that period I presented a number of indicators and charts which firmly supported my position that “A” bottom was being […]
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Date: June 1, 2022
Historic Selling Wave Ended
As I have been writing about for more than a week, I had high conviction that a low of some sort was forming. Dozens of stars were lining up and even if this was 2008 (it’s not), prices should still rebound 7-15%. And the bulls did what I said they were supposed to do. Step up and squeeze the bears. Prices are back to the peak from Fed day this month where the last plunge began. The bulls should surpass […]
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Date: May 27, 2022
Like a Broken Record – Volatility to Remain High
Greetings from Metro North, my first train ride to New York City since February 2020. Trains are still crowded. Masks are mandatory although 25-33% of the riders are not wearing them. And my parking lot in Milford CT is now a condo complex, something that would have been helpful to know before I arrived. Given how bad traffic has been to NYC, I think I am going to stick with the train for now. I am hoping to get my […]
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Date: May 25, 2022
Lots Of & Increasing Evidence That Stocks Are Bottoming For Now
The markets start the new week with the Dow Industrials having been down 8 straight weeks, the most since 1923 if you believe the old data are correct. This stat has been posted all over social media. It’s just stating the obvious. The stock market has been in one of the most relentless selling waves of all-time. That’s inarguable fact and obvious to anyone with skin in the game. But it’s still not easy to live through. My question for […]
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Date: May 23, 2022
Bear Market Or Not – Looking at Other Bottoms for Clues
The bulls made several stands on Thursday after a total drubbing on Wednesday. And as the all-important 3pm hour started it looked as if the bulls were going to make some noise and eat into the big losses from the day before. But that wasn’t to be, leaving stocks vulnerable into the weekend. Again, the bears need to immediately progress to new lows across the board with conviction to have short-term impact. That’s not the most likely scenario. If stocks […]
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Date: May 20, 2022
How Interest Rate Changes REALLY Impact Retirement
Yes, higher interest rates are here. No, they do not signal the end of your assets or savings. Despite market volatility in the markets and drama in the news, you can still retire with confidence in CT. In fact, retirees and those planning to retire in the New Haven and Hartford areas do not need to panic. Read on and I will explain both why and how you may even be able to increase your returns. Inflation, Interest Rates, […]
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Date: May 20, 2022
Nasty Decline But Not The End of The World
Note to self. Don’t go to the eye doctor first thing in the morning and expect to get work done before lunch with dilated pupils. Wednesday’s stock market decline seems to have really stirred the bears, more so than any one single day this year. Yes, the magnitude was four digits which usually gets people going, but almost nothing scored a new low. Not the Dow Industrials, S&P 500, S&P 400, Russell 2000 nor NASDAQ 100. Only consumer discretionary did […]
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Date: May 19, 2022
I Do Love Lemonade
My last two posts last week were essentially taking lemons and turning them into lemonade. By the way I absolutely love lemonade, especially fresh and naturally flavored ones. Strawberry, blueberry, raspberry. Sign me up! Anyway, I started to see the making of a low last week and the first nail was hammered in on Thursday with confirmation on Friday. That was one of the nastiest and longest selling waves of the modern investing era. And I am assuming that it […]
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Date: May 16, 2022
