Oversold and Looking to Bounce
Stocks continue to feel the hangover from the post Fed no taper party as well as Larry Summers stepping aside. While the Russell 2000 Index of small caps briefly saw all time highs today, the other major indices remain in pull back mode. This all seems very healthy and routine and I would expect another leg higher in the bull market after this period of weakness ends over the coming 2-7 weeks. In the very short-term, stocks are oversold and are supposed […]
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Date: September 25, 2013
Adios Larry Summers
What a pleasant surprise when I walked in the door from my daughter’s softball game and saw that Larry Summers had withdrawn his name from consideration to succeed Ben Bernanke. It’s not a new topic here nor in my commentary in the media that I thought Summers was the wrong person at the wrong time for the job. The man doesn’t play well in the sandbox with others and stuck his feet in his mouth regarding women when he was president of Harvard. […]
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Date: September 16, 2013
Announcement from Bernanke & Co. Just Around the Corner
Here are my thoughts on the Fed meeting today and into the fall as well as Bernanke’s impending successor. I think this was one of the clearest, most concise Fed discussions I have had. What do you think? http://finance.yahoo.com/blogs/breakout/fed-meeting-tap-investors-await-bumpy-ride-112711784.html For today, anything other than what Bernanke said in front of Congress last week will be a big surprise. And no, I absolutely do not think Bernanke knows what Friday’s jobs report will be. As a tiny business who participates in the […]
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Date: July 31, 2013
Bernanke’s Successor
First President Obama says that Ben Bernanke has stayed on longer than he planned. Then he slaps him upside the head by saying that he has stayed longer than he was supposed. And when given the opportunity to walk that comment back, the president not only declines but also doesn’t give Bernanke any real ringing endorsement. All very interesting to say the least! Federal Reserve Vice Chair, Janet Yellen, is the odds on favorite to succeed Bernanke next year and […]
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Date: June 20, 2013
