Fox Business’ Markets Now
I am going to be on Fox Business’ Markets Now on Monday August 26 at 1:00pm. The stock market began a small bounce last week and looks to continue that move this week. Yes, it’s the unofficial last week of summer although many schools have already started and many more begin on the 26th. Volume is typically light this week, but when a geopolitical event occurs like we saw in 2011, 2010, 2008 and 2007, volume will certainly spike. I […]
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Date: August 26, 2013
Big Correction Coming?
Stocks continue to trade very heavy, but we should be on guard for a strong bounce at any time here. I think the top is in for a while so bounces are now selling opps and a better buy point should be seen after Labor Day. To reiterate what I have said for a while, this pullback should not be the beginning of a new bear market, just another healthy cleanse in an aging bull market. Here is the segment […]
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Date: August 20, 2013
Bull Market to Live On
The stock market continued digesting gains seen from the June 24 to mid July rally. So far, the consolidation has been constructive with the Dow Jones Industrials being the weakest index of the majors. Over the very short-term, the major indices should see a bounce but not exceed the all time highs seen in July. It’s too early to tell whether this will end up being an intermediate-term decline lasting well into September or short lived. One clue will be […]
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Date: August 16, 2013
CNBC’s Squawk on the Street
I am scheduled to be on CNBC’s Squawk on the Street on Friday at 10:30am discussing Thursday’s market rout, how much lower it’s heading and how to invest in this suddenly volatile environment.
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Date: August 16, 2013
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
