Super Bowl
For all of the 90’s whichever team I thought would win, usually lost. Of course, my own team the Dallas Cowboys won three times and I never wanted to jinx them by picking them! When the century turned and my team began to stink, my Super Bowl picking record improved dramatically. This year, I am very torn. My heart and family go to the class act of the NFL, Peyton Manning and the Denver Broncos. There are few stories as good […]
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Date: February 2, 2014
Canaries Quiet
Thanks to my friend and business colleague/partner Dave Moenning (stateofthemarkets.com) for the canary pic. It’s been a while since I last updated this column, but it’s not because I am lazy! There simply haven’t been enough changes in the data to warrant an update. The rally through year-end was very powerful and almost all areas we in gear to the upside. And even today, while there may be a few warnings, we don’t have bull market ending conditions in place. […]
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Date: February 1, 2014
Snap Back
Stocks are opening sharply higher after Wednesday’s drubbing. We have not seen the ultimate low for a good rally. That looks to come in February. This little rally should be more than a one day wonder, but if it somehow fizzles out and closes in the red today, look out below! I think you could see one of those trap door, elevator shaft declines that forces a mini panic. I don’t think that scenario plays out, but it’s something to […]
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Date: January 30, 2014
Bernanke’s Swan Song at Interesting Crossroad
On Monday, I discussed how a very short-term rally was close at hand. I continued that yesterday morning about the prospects for a Turnaround Tuesday rally. The bulls came back to work on Tuesday in a very underwhelming way. The open was without conviction. Volume was anemic, further solidifying my stance that the market isn’t close to a low of any significance. With Apple’s disaster, stocks had a chance for a big gap down and short-term washout. But that wasn’t […]
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Date: January 29, 2014
Turnaround Tuesday
The carnage continued yet again on Monday, spilling over from Friday’s sharp decline. If you turned on the TV, you would have thought stocks are down double digits and in free fall the way the pundits are talking about this little decline. But you know better. Since the first of the year when the market started losing the positive calendar tailwind, I have been discussing a scenario for a routine and healthy bull market pullback of 5-10%. That’s where we […]
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Date: January 28, 2014
Stock Market in Tailspin but Bull Market Lives In
The latest Street$marts has been posted. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20140124.pdf
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Date: January 27, 2014
Very Short-Term Bounce on the Way
Stocks closed last week on a very ugly note with an across the board rout after underwhelming earnings and continued problems in the emerging markets. This is exactly the type of decline I spoke about for the past few weeks. All of the necessary ingredients were there and price finally succumbed. Friday was so ugly that it can actually be construed as okay in the very, very short-term. Days like that either lead to higher openings on Monday to relieve […]
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Date: January 27, 2014
Top 5 Tips for Financial Fitness in 2014
Here is the link to my segment on Fox 61 in CT, Top 5 Tips for Financial Fitness in 2014 http://foxct.com/2014/01/23/morning-extra-tips-to-get-financially-fit-in-2014/
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Date: January 26, 2014
Stocks Take It on the Chin, But…
Since the start of the year, I have been very cautious on the stock market, primarily due to market sentiment being at rally killing levels along with finally losing the tailwind of the positive calendar effects. The risk/reward looked so unfavorable that we took across the board action in many of our portfolios raising cash to even 100% in some cases, levels not seen since 2012. On average the major indices have gone nowhere for the past month with the […]
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Date: January 24, 2014
Goldman Sachs and the “Curious” Biotech Downgrade
I like to take things at face value. It’s makes life so much easier that way! But every once in a while, and probably more so in this business, some things just make you go “hmmmmmmmmm…”. Two weeks ago, Goldman Sachs issued a very public call on the biotech sector. If it was almost anyone else, you would shrug your shoulders and move on. However, with Goldman, I sometimes take the “curious” stance, rightly or wrongly so. Goldman downgraded biotech […]
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Date: January 22, 2014
