Santa Claus Rally
If Santa Claus should fail to call, bears may come to Broad and Wall. That’s an old stock market adage indicating that if we do not see the traditional Santa Claus rally over the final five trading days of the year, the potential for a bear market or major decline increases in the New Year. The final five days clocks at the close on the 21st, coinciding with the end of the world according to the Mayans. There is also […]
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Date: December 19, 2012
The Single Most Overhyped Event Since Y2K
Here is the latest Street$marts that talks about Black Friday, Facebook, Apple, the “dreaded” Fiscal Cliff, how the bull market ends and some evidence of a weakening economy. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121211.pdf
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Date: December 14, 2012
More Fed Stimulus Lifts Gold But Hits Dollar
Posted December 13, 2012 http://news.investors.com/investing-etfs/121212-636857-stock-market-gold-silver-bonds-federal-reserve.htm By Trang Ho, Investor’s Business Daily Posted 12/12/2012 06:41 PM ET Stocks, gold and silver jumped while U.S. Treasuries and the dollar sold off Wednesday after the Federal Reserve said it’s expanding its economic stimulus program, known as QE3. The Fed will buy $45 billion a month in long-term Treasuries, to offset the expiration of “Operation Twist.” The Fed will also continue buying $45 billion a month in mortgage-backed securities. The Fed said its stimulus programs […]
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Date: December 14, 2012
CNBC’s Squawk Box Wednesday @ 6:20am
I am going to be on CNBC’s Squawk Box on Wednesday (11/21) at 6:20am discussing the Fiscal Cliff, our forecast to year-end and the potential for recession. After that, I hope to have a Street$marts to you by the end of the day. Just in case I don’t, I wish you and your family a very happy Thanksgiving! Paul
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Date: November 20, 2012
Bulls Turn Tide
After Friday’s reversal from early losses on the “news” regarding the Fiscal Cliff, the bulls put on an ole fashioned stampede today with more than 90% of the volume on the upside and almost 90% of all stocks closing higher. The market opened up and ran that way straight to the close, turning the short-term trend in favor of the bulls. For the time being, the bulls have the ball and given the Thanksgiving holiday, they are supposed to keep […]
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Date: November 20, 2012
Bulls Draw Line in the Sand
It certainly took a while, but the bulls finally drew a line in the sand and defended their turf after a 9% pullback from the September peak. The day started out like many others during the decline with weakness to new lows. But after the “geniuses” in congress held a press conference and all agreed to compromise (Gee, what a word!), stocks lifted and ran higher into the close as monthly options expiration and short covering ahead of the weekend […]
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Date: November 19, 2012
Obama Victory, Market Sell Off
Congratulations to President Barack Obama and all of the politicians who were elected by the American people last night. In the end, although my candidate did not win, Democracy was and is always the big winner. As you know, I hardly ever use the word “hope” when discussing investing, but in this case, I do hope we somehow see congress and the president at least genuinely attempt to work together on a bipartisan basis. I don’t know a single person who […]
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Date: November 7, 2012
FOX Business at 1pm on Wednesday
I am scheduled to be on Fox Business’ Markets Now at 1pm on Wednesday discussing the election results and its affect on the markets.
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Date: November 7, 2012
***Special Election Update***
http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121106.pdf
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Date: November 7, 2012
Market Says Obama But…
Here is the latest Street$marts. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121102.pdf
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Date: November 4, 2012
Back in Business
The financial markets in the US reopened today and the day appears to have gone on without a hitch. With month end and mutual fund end of fiscal year, it would have been chaotic had they not. Luckily, the NYSE and NASDAQ have had an awful lot of time to prepare for a natural disaster; but are you ever REALLY prepared?!?! Kudos go out to their management teams on getting the system up and running while still dealing with the devastation […]
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Date: October 31, 2012
Hurricane Update Part II
First and foremost, I hope those of you in harm’s way made it through the storm okay and your lives are beginning to get back to some sense of normalcy. The New York Stock Exchange is scheduled to open at its normal time, 9:30am edt on Wednesday. That’s beyond incredible given the state of devastation in Manhattan, but especially lower Manhattan. I expect the commodities and bond markets to open as usual as well. But I think we all know […]
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Date: October 31, 2012
Hurricane Update
As you may already know, the financial markets are closed today and are expected to remain closed through Tuesday. The office is officially closed, but I will be shuttling between the office and home as power allows. The best mode to communicate is via email. We have several internet providers and while we expect to have at least one always functional, it can never be guaranteed. If the storm is worse than expected locally we will operate from a satellite location […]
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Date: October 31, 2012
Are the Bulls Ready to Resume Control?
After Friday’s carnage, the bulls fought off early weakness and pushed stocks to close at their highs around the flat level. Is the decline over? Anything is possible, but I continue to see more downside ahead with all major indices breaking their recent lows. A pre-election low remains in the cards and that would really catch folks off guard!
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Date: October 23, 2012
25 Years Ago…
I remember calling my parents from college when I heard the stock market had crashed 22.6% in a single day. My father had literally just opened another brokerage firm and even I knew this wouldn’t be good. I remember him telling me that it was the BEST time to open a new firm since they hadn’t brought clients over and built their book up yet. So not many folks were unhappy! I remember a buddy of mine who traded for a […]
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Date: October 23, 2012
Separating the Election Nonsense from Reality
Here is the latest Street$marts: http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121015.pdf
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Date: October 17, 2012
New Highs Now or More Weakness First?
In the last Street$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
