Canaries Still Breathing Okay
I haven’t done a canaries in the coal mine update in a while, but with the major market indices hitting fresh highs last week, it’s time to check if any are dead. Remember, canaries in the coal mine are only useful at bull market peaks and bear market troughs. In other words, they are very helpful at spotting beginnings and endings of bull markets, but not much in between. They are so important because they usually give ample warning that […]
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Date: August 13, 2013
Oh My! 3 Down Days in a Row!!
Should we break out the crash helmets? The market just went down three straight days! Yes, it was and is stretched, but there isn’t enough internal damage to warrant more than a routine, healthy and normal 3-8% pullback. A much larger correction is coming; it’s just not right now. If and when the major market indices close below the lows from August 7, we should see a deeper bull market pullback. Here were my comments from the interview I did […]
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Date: August 8, 2013
CNBC’s Closing Bell TODAY (Aug 5) at 4pm
I am going to be on CNBC’s Closing Bell TODAY (Aug 5) at 4pm discussing where the stock market is headed over the coming weeks and into September’s Fed meeting where the “taper” could begin. Over the past few weeks, I visited Fox Business and Yahoo Finance. Regarding the Fed, here were and are my thoughts: http://finance.yahoo.com/blogs/breakout/fed-meeting-tap-investors-await-bumpy-ride-112711784.html.
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Date: August 5, 2013
Big Jobs Friday
The biggest economic report of the month is due out at 8:30am on Friday. It’s become even more closely watched if that’s possible because of the Fed’s focus on the unemployment rate for scaling back their massive bond purchases and then raising interest rates. It is widely forecasted that tomorrow’s number will be good to strong. What becomes very interesting for me is how the market would view better economic news. Is good news still good news or will we […]
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Date: August 2, 2013
Correction Coming?
Every month or so, I write an update on the market’s canaries in the coal mine to get a sense where the bull market stands. Nothing has changed on that front in that we having an aging bull market, but one that should live on through the next correction and probably into 2014. As the market builds towards the next meaningful pullback, here are a few things to watch as I briefly discussed on Fox Business. http://video.foxbusiness.com/v/2565939221001/correction-coming/
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Date: August 2, 2013
Announcement from Bernanke & Co. Just Around the Corner
Here are my thoughts on the Fed meeting today and into the fall as well as Bernanke’s impending successor. I think this was one of the clearest, most concise Fed discussions I have had. What do you think? http://finance.yahoo.com/blogs/breakout/fed-meeting-tap-investors-await-bumpy-ride-112711784.html For today, anything other than what Bernanke said in front of Congress last week will be a big surprise. And no, I absolutely do not think Bernanke knows what Friday’s jobs report will be. As a tiny business who participates in the […]
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Date: July 31, 2013
Hedge Fund Giant SAC Indicted
As I started my first segment with the folks at Yahoo Finance, SAC was indicted. Here is the on the spot discussion we had. http://finance.yahoo.com/blogs/breakout/sac-capital-indicted-criminal-securities-fraud-155459600.html
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Date: July 30, 2013
Gold’s Bearish Pattern Trying to Change
When we last left off with the gold market (and the chart below), I offered that “Unless the metal quickly regains the $1350 level, we are most likely looking at further selling and even more record setting negative sentiment before a sustainable rally can begin.” Gold continued its collapse from the time I hit the send button at $1292 all the way down to $1179 a week later. From $1179, it rallied all the way back to $1303 this […]
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Date: July 26, 2013
Fox Business Markets Now on July 25th at 1pm
I am going to be on Fox Business’ Markets Now tomorrow (Thursday July 25) at 1:00pm EDT discussing earnings, the upcoming Fed meeting and where stocks are headed this quarter. I am also going to spend some time with the folks at Yahoo Finance creating three segments. The first will be on the comparison between 1987 and the current market while the second will focus on the upcoming Fed meeting and when Bernanke & Co. will begin to pull the punch […]
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Date: July 24, 2013
Comparisons to 1987 Mount
For the past six months when asked about my outlook for 2013 I replied that I thought it would be a front loaded year with all or close to all of the gains during the first half of the year. I have and continue to compare it to 1987 without a one day stock market crash. Others have predicted that 2013 will look more like 1995, the single greatest investing year of the modern era. Now that would make me (and you) […]
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Date: July 22, 2013
