All Eyes and Ears on the Global Central Banks
Here is the link from Friday’s segment: http://video.cnbc.com/gallery/?video=3000108518&play=1 Nothing has changed regarding the outlook for stocks. I think we are in a generally benign period for equities that has been following the typical presidential election year pattern of a Q1 rally, a springtime low and summer rally to a peak. If that continues to hold true, we should see another good bottom in September or October and then rally into year-end. I am sure the market will throw some doubt […]
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Date: August 13, 2012
CNBC’s Closing Bell TODAY at 3:00pm est (and some Fed news)
I am going to be on CNBC’s Closing Bell with Tyler and Maria at 3pm est today. The discussion will likely focus on the very anemic and sub par economic recovery, but certainly not unexpected. As I have written about many times before, this is your typical post financial crisis recovery. It’s frustrating and uneven with little major progress. But this too will come to an end. Earlier this week, we heard from two non voting members of the FOMC […]
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Date: August 10, 2012
A Face for Radio
Here is the link from my FOX Business segment on Monday. You will notice that I was on the phone rather than in front of the camera. I guess they finally realized that I had a better face for radio! http://video.foxbusiness.com/v/1773818720001/ipo-surge-a-healthy-sign-for-markets
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Date: August 7, 2012
FOX Business & Employment Report Update
I am going to be on FOX Business’ Markets Now close to 1pm est on Monday, hopefully discussing some of the items below. After a string of weak but positive employment reports, Friday’s data were “better than expected”, but still not strong enough to keep pace with population growth. And when you dive into the details of the report, according to John Williams of Shadow Stats, you see the normal “seasonal adjustments” accounted for a significant number of jobs created. What […]
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Date: August 6, 2012
Nothing New from the ECB
After Ben Bernanke gave the market little to cheer for on Wednesday, his European counterpart, Mario Draghi, and the ECB left interest rates alone and disappointed investors who were hoping for a follow up from his bold statement last week. Draghi did indicate that massive bond purchases would resume again, but that was more than expected. Draghi better deliver quickly or his credibility will certainly suffer. Could he have put his foot in his mouth without speaking with the Germans […]
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Date: August 6, 2012
Keeping an Eye on Those Canaries
The latest Street$marts is out. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120801.pdf
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Date: August 6, 2012
Fed Disappoints
Bernanke & Co. gave the market little in the way of new stimulus today, but I think that’s just temporary. Like a crack addict, the markets just want more and more and more, no matter what the consequences. QEIII should be coming and all eyes will be on Jackson Hole Wyoming later this month for the Fed’s annual retreat angd speech. The data are not strong, but they are certainly not falling off of a cliff. It’s just your typical […]
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Date: August 6, 2012
Break Up the Banks!
This morning on CNBC’s Squawk Box, Sandy Weill made a truly shocking remark. If you don’t know Sandy, he built Citi into the financial conglomerate it is today, putting together my old employer Shearson Lehman, Smith Barney, Primerica, Travelers and many, many more financial companies. Sandy was supposed to be the heir apparent at AMEX when Shearson was called Shearson/American Express, but massive egos got in the way in the roaring 1980s. One of the many causes of the 2007 […]
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Date: July 25, 2012
Market Getting Tired
Here is Monday’s segment we did on CNBC which remains our position today. http://video.cnbc.com/gallery/?video=3000103231&play=1 Stocks have been on a nice little run this week with a dearth of news out of Europe and generally better than expected earnings from bellwether companies. Keep in mind that the earnings “beats” are after Wall Street cut estimates over the past month and the general sentiment regarding earnings had become so negative that it should not be a surprise to see them bettered. This […]
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Date: July 20, 2012
Are Stocks Dead Money?
Here is the latest Street$marts: http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120712.pdf Besides offering an essentially sideways forecast, which has been our thesis for a month, we also throw in another unusual economic indicator along with an interesting story from someone on the younger side!
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Date: July 17, 2012
