New Highs Now or More Weakness First?
In the last Street$marts, I opined that the stock market should see at least another new 2012 high this year, but that we were long overdue for a pullback and a 2-8% decline should begin shortly. So far, all we have seen has been a 3% decline and many folks wonder if new highs are next. I think the healthiest thing would be for stocks to decline below the levels we saw last week and then mount an assault higher. That […]
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Date: October 17, 2012
I Guess Yelling is OK
It’s not often that I am part of an interview where guests yell and I do to! Here is the video from the CNBC segment the other day on the Fed’s QE Unlimited. The next Street$marts will be out shortly with a long article on the Fed, ECB and BoJ’s money printing experiments. http://video.cnbc.com/gallery/?video=3000119593&play=1
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Date: October 3, 2012
CNBC’s Closing Bell at 3pm Today
Going to be on CNBC’s Closing Bell today at 3pm discussing our market outlook for the 4th and final quarter of 2012 along with some comments on Ben Bernanke’s “big” speech earlier today. We will have an extended article out this week on the Fed’s QE Unlimited and what it all means and if you should even care.
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Date: October 1, 2012
Sell Rosh Hashanah Buy Yom Kippur
Each year at this time, people ask, “Is it sell Rosh Hashanah or buy it?” The adage is definitely to sell Rosh Hashanah and buy Yom Kippur, which was derived many decades ago when Jews on Wall Street would sell their stocks before the High Holy Days began, not work over the holidays and then come back to work and buy. And even though, that trend has diminished over the years, there remains a negative bias. This year, it’s September […]
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Date: September 20, 2012
BOOM Goes the Fed Dynamite
Ben Bernanke & Co. delivered QE3 yesterday by announcing a plan to purchase mortgage backed securities (mortgages) for at least the next two months at roughly $40 billion per month. And the markets were delighted! The best analogy I can offer is that the markets are like crack addicts now and need their steady and regular fix of stimulus. As time goes on, a drug addict usually needs more and more drugs and that’s exactly how the markets are behaving. […]
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Date: September 20, 2012
German Courts and Apple
Markets breathed a collective sigh of relief after the German courts ruled “favorably”, allowing the European bailouts to continue. Apple unveiled its latest iPhone as the stock sits near all time highs. Both events did not inspire the markets to do much other than digest as they awaited the Fed’s 12:30pm announcement on Thursday. By the end of the week, the markets will have digested the ECB’s latest pledge to buy European debt in a HUGE way, Apple’s new phone, […]
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Date: September 20, 2012
Time for the Fed & ECB to Put Up or Shut Up
Here is the piece I did last Friday after the putrid jobs report. While the headline number may have indicated an increase of almost 100,000 net new jobs, the underlying data was awful. Additionally, while the unemployment rate may have fallen to 8.1% from 8.3%, it was primarily due to people leaving the workforce than people being hired. We already know that Bernanke & Co. are close to another round of money printing (QE) and this will likely push them […]
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Date: September 20, 2012
WHEN the Bull Market Ends
The latest Street$marts is here… http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120905.pdf
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Date: September 6, 2012
FOX Business TODAY at 1:30pm
I am scheduled to be on FOX Business’ Markets Now at 1:30pm today discussing the historically low volatility in the markets as well as the roadmap to the election. If you looked for me on CNBC last Friday, Labor Day traffic was off the charts, deeming it impossible to get to the station on time. This week, I will be posting the two Yahoo Finance segments I did last week along with a new Street$marts issue. Several cracks in the pavement […]
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Date: September 4, 2012
Apple in the Spotlight… Again
It’s been a while since I mentioned Apple, but the action of late deserves comment. After peaking in April with the broad market, the stock declined into May with the broad market. But when stocks declined further into early June, Apple did not follow suit by making a new low. Rather, it formed a higher low than it saw in May and that was the first clue that it was ready to rally again. This week, Apple made an all […]
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Date: September 4, 2012
