Quietly Strong Selling Wave
Stocks have quietly seen a fairly strong selling wave over the past eight days. Coincidentally (or not), that has been ever since the European Union announced their latest rescue attempt from European Stability Mechanism. After that one huge rally day, stocks have not behaved well and after today (Thursday), they have given back the entire rally. From my seat, the stock market is at an interesting juncture here. I wouldn’t say “critical”, but the bulls need to step up here […]
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Date: July 12, 2012
Markets Pricing in Weak Earnings
Earlier this week, I did an interview with Fox Business about the possible increase in taxes when the Bush/Obama tax cuts expire in December. Later in the segment, we discussed earnings season, which began this week with Alcoa, and how just one quarter off record earnings, investors are becoming so pessimistic. While it certainly feels like a negative year in the markets, the major indices remain in the black for 2012. In fact, the year is very closely following the typical […]
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Date: July 11, 2012
Stocks Slide on Tepid Jobs Growth Number
On Friday’s CNBC segment, I spoke about the range bound market with the potential for a fall swoon before the election. But in any market, there are always opportunities and this time is no different. http://video.cnbc.com/gallery/?video=3000101361&play=1 So far this week, stocks have not behaved well, but it’s far from a rout and the trading range continues. On Wednesday, we get a peak at the minutes from the Fed meeting and folks will take any scrap of comments that leads to […]
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Date: July 11, 2012
3 Indicators That Can Tell You the Market’s Next Move
On Monday, I was in the city spending some time with my friends at Yahoo Finance. As always, I thank them for their hospitality and Jeff Macke for the engaging conversation. http://finance.yahoo.com/blogs/breakout/3-indicators-tell-market-next-move-115923205.html With the volume and velocity of information out there, trying to get a read on the stock market is like attempting to get a sip of water from a firehose. Thankfully Paul Schatz of Heritage Capital has three ways to check the health of the market and durability […]
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Date: July 5, 2012
Summer Rally, Pre-Election Sell-Off
http://www.newsmax.com/StreetTalk/Heritage-Capital-stock-rally/2012/06/27/id/443591 The stock market will experience a summer rally, followed by a sell-off in the fall right before the election, Paul Schatz, chief investment officer of Heritage Capital LLC, told Yahoo. Schatz said the first half of the year had a few unique twists, but it has been fairly typical for election-year market indices. “It’s been an interesting first half,” he said. “We were vertical for a while and then we gave almost all of it back and now we’re […]
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Date: June 29, 2012
What would Thomas Jefferson Say to the Architects?
The latest Street$marts is out, “What would Thomas Jefferson Say to the Architects?” http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120625.pdf Topics in this issue include a little known, but important economic indicator, the latest pullback in stocks and where gold is headed.
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Date: June 26, 2012
Fed Day is Here
Today is Fed day with split announcements. At 12:30pm, the official announcment and statement come out and then Ben Bernanke will hold his press conference at 2:15pm. The Fed is not going to move rates. They will likely downgrade their view of the economy. So far in 2012, every single Fed statement day has been a big day for the bulls. The market is anticipating some extension of stimulus or outright quantitative easing (creating money to buy securities, likely in […]
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Date: June 20, 2012
Who Do You Trust?
The latest Street$marts has just been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120605.pdf
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Date: June 13, 2012
Can You Trust the Experts?
One story related by Peter L. Bernstein in “Against the Gods: the remarkable story of risk” was the experience of Kenneth Joseph Arrow, an American economist and joint winner of the 1972 Nobel Memorial Prize in Economics. Some officers had been assigned the task of forecasting weather a month ahead, but Arrow and his statisticians found that their long-range forecasts were no better than numbers pulled out of a hat. The forecasters agreed and asked their superiors to be relieved […]
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Date: June 6, 2012
The Facebook Fiasco… A Guide of How NOT to IPO
Here is the latest Street$marts with a detailed article on the bust that is Facebook. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120525.pdf
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Date: May 29, 2012
