Big Week Ahead
For several weeks, I have warned about market sentiment at “rally killing levels”. Not a single thing has changed for the better in this department. The bulls are bulls and the bears are kinda, sorta bulls, at least through year-end. That continues to make me worried, but not enough given the calendar to take serious action. I want to preface my next comment by saying I absolutely do not believe we are on the precipice of another financial crisis like […]
Read More
Date: December 16, 2013
Like a Broken Record
It’s getting boring, but essentially, the same comments apply. Stocks remain overbought and extended, and as we know, they can get more overbought and extended if all other indicators remain strong. That’s not the case right now and it wasn’t mid December, I would be an outright bear looking for a full fledged correction of at least 10%. As I have mentioned over and over, it is just very, very unusual to see a meaningful peak this time of year […]
Read More
Date: December 10, 2013
Expert Year-End Tax Tips
Health Care Reform – Despite last-minute postponements in the effective date of some provisions of the Affordable Care Act (ACA), it’s important to determine now what impact this law will have on your business. By acting now, we can identify a long-term plan that anticipates the eventual rollout of the reporting and penalty provisions of the employer mandate. The Small Business Health Care Tax Credit can help offset the cost of coverage for many companies by providing a credit against […]
Read More
Date: December 9, 2013
5 Straight Down Days
The Dow Jones is now down 5 straight days and it’s in a bull market. Without diving into the research, this has to be one of the mellowest 5 straight down days in history! I haven’t heard a single person express concern that this is the beginning of anything more significant on the downside. That’s worrisome in itself, especially if the calendar did not say December. As I have mentioned before here and in Street$marts, while market sentiment remains at […]
Read More
Date: December 6, 2013
Even the Bears are Bulls… for Now
The stock market is tired, again. That seems like a phrase I have used often this year without much follow through. There have been many times in 2013 when the market had risen sharply and then looked just plain weary. Instead of correcting or even pulling back smartly, the stock market behaved like it does when it’s in a powerful bull trend; it’s consolidated sideways within a few percent of its high and then blasted off again. “Is this time […]
Read More
Date: December 2, 2013
Happy Thanksgiving
At this time of Thanksgiving celebration our thoughts turn gratefully to you with appreciation. May the good things of life be yours in abundance, not only at Thanksgiving but throughout the coming year May peace & happiness always be with you, Paul Schatz Heritage Capital _____________________________________________________________ For each new morning with its Light For rest & shelter of the night For health & food, for love & friends, for Everything Thy goodness sends Ralph Waldo Emerson
Read More
Date: November 27, 2013
LIVE from the Floor of the NYSE
I am going to be on CNBC’s Closing Bell on Tuesday, November 26, at 3:45 PM est live from the floor of the New York Stock Exchange. The topic will likely be the Dow’s recent assault on 16K and where it goes from here til year-end. As you already know, risk has increased substantially since mid October, but that doesn’t usually pick the exact top. Last week, I did a really enjoyable and informative interview on Fox Business discussing the […]
Read More
Date: November 26, 2013
Fed Should NOT Taper!
Paul Schatz, president of Heritage Capital, typically lets it all hang out when expressing his views on markets, economics and sometimes even politics. An active asset allocator and adviser with 25 years’ experience, Mr. Schatz is on board with the Federal Reserve‘s quantitative-easing policy and would even like to see it extended beyond early next year, when the Fed is expected to start tapering its $85 billion in monthly bond purchases. InvestmentNews: Do you think it’s time for the Fed […]
Read More
Date: November 25, 2013
Fox Business, Stocks, Bonds, Gold and Oil
I am going to be on Fox Business’ Markets Now at 1:05pm today (Wednesday) discussing the stock market’s recent assault on Dow 16,000, a target I gave several times here and in the media. Now that the market is there, what’s next? I can tell you that from my perspective, risk has increased substantially, but by no means should the bull market be over. Stocks are overdue for at least a pullback (2-8%), but probably more on the downside next […]
Read More
Date: November 20, 2013
More on Twitter
I have pretty much beaten the proverbial dead horse with my comments on Twitter, but as I look back, they were nowhere near as much as when Facebook went public. Below is another TV interview where I look particularly good. I can say that because they interviewed me over the phone! http://video.foxbusiness.com/v/2816611949001/twitter-hype-overblown/ Twitter, the stock, is in an interesting spot right here. It looks like it wants to rally in the short-term, but because the line in the sand is so […]
Read More
Date: November 19, 2013
