And the Tea Leaves Were Right
Earlier this week, after weeks and almost months of continuous concerns about the bulls’ ability to step up, I wrote about the short-term tea leaves indicating a rally beginning by Tuesday or Wednesday. The bulls definitely did their part so far this week with the small and mid cap indices scoring all-time highs and the NASDAQ 100 close to fresh highs. The Dow and the S&P 500 have rallied, but are still being dragged up by their counterparts. Software, consumer […]
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Date: June 19, 2015
Ending a Big Week
As I first laid out last week and then again on Monday, this week was expected to be a big one for the bulls. In real time, I wrote about the likelihood for a low that was then confirmed, making me very happy to have called it as it was happening. (In this business, you get to celebrate so little before the market turns on you!) The only question I had and still have is, “was that THE bottom or […]
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Date: October 24, 2014
Bulls Hanging In During Tug o’ War
All of the ingredients were in place for one of those quick, sharp down days on Monday with a plethora of geopolitical news. From poor economic news out of China to continuing saga in Crimea and the Ukraine to the still missing aircraft, all the excuses were there. And while stocks sold off early in the day, a similar story over the past few years played out; the bulls slowly and steadily stepped up to trim the losses. After four […]
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Date: March 11, 2014
2014 Fearless Forecast
It’s really embarrassing that it’s been almost two months since I began speaking about my thoughts for 2014, yet I have been unable to mass distribute them. Shame on me! So far, to those folks who have read them, the comments and questions have been great. Keep them coming! Regular readers of Street$marts and this blog won’t be surprised at most of the forecast, but I did throw in a few new items. As always, I had a lot of […]
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Date: February 21, 2014
Bears Take a Breather
Here is the link to the segment I did on Fox Business the other day with Lori Rothman and Adam Shapiro. This pretty much spells out what I have written here regarding my thoughts on the market this quarter. Thanks to Adam and Lori for letting me articulate my forecast. http://video.foxbusiness.com/v/3151668123001/ingredients-for-ending-a-bull-market/#sp=show-clips Stock market action over the past two days gives a glimmer of hope to the bulls for a short-term rally. I do not believe the final bottom is in as […]
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Date: February 6, 2014
Goldman Sachs and the “Curious” Biotech Downgrade
I like to take things at face value. It’s makes life so much easier that way! But every once in a while, and probably more so in this business, some things just make you go “hmmmmmmmmm…”. Two weeks ago, Goldman Sachs issued a very public call on the biotech sector. If it was almost anyone else, you would shrug your shoulders and move on. However, with Goldman, I sometimes take the “curious” stance, rightly or wrongly so. Goldman downgraded biotech […]
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Date: January 22, 2014
