2017 has been the year without volatility. Who would believe that stocks haven’t declined even 5% on a closing basis, let alone 10%. It’s crazy! And once the calendar gets to November, downside volatility becomes that much more difficult to see as potential catalysts for a decline go down significantly. Yes, of course, there is always that stray geopolitical event, like the infamous “Fiscal Cliff” in 2012 which I dubbed the equivalent of the Y2K hoax. The 2012 chart is […]
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I don’t even want to begin to count the hours wasted in DC on the shutdown and debt ceiling let alone what it did to innocent Americans, our economy and our focus as a nation. Yet our elected officials are celebrating like they won the World Series?!?! What an embarrassing mess. White House staffers were quoted as saying they were “winning”. Speaker Boehner said they “fought the good fight”. I am glad our elected officials in DC treated this debacle […]
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With the exception of those directly affected and impacted by the government shutdown, it doesn’t seem like the public really cares. If it wasn’t constantly shoved down our throats by the media, I am not sure most people would even know. From the polls I have seen, the public is not in favor of closing the government as a strategy to forestall ObamaCare, but at the same time, they are also not in favor of ObamaCare itself. So conclude what you […]
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The 2nd worst piece of legislation ever just passed Congress. What did it do for our country? Not much! Here are my thoughts on Fox Business. http://video.foxbusiness.com/v/2071133331001/schatz-fiscal-cliff-biggest-hoax-since-y2k
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As we saw during the summer of 2011 with the debt ceiling debate, it seems like our elected officials can only strike a deal as the clock is ticking down to zero. And when they finally do forge an agreement, it ends up being one atrocious one after another. So yes, I think the bill that came out of Congress is a total joke. It doesn’t do a single thing to put our country on a sound fiscal course and […]
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The latest Street$marts has been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121221.pdf
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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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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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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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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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