Boehner Listened… Kinda, Sorta
John Boehner didn’t call me (he should have) and I doubt he reads my comments (he should), but at least the republicans figured out that their tactics were not working. They may not have unilaterally raised the debt ceiling long-term, but if the reports are accurate, they are going to offer a short-term raise in exchange for negotiations with the democrats on a variety of fiscal issues. As you would imagine, the markets responded favorably although Europe led the way as […]
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Date: October 10, 2013
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
Bernanke’s Worry Lines & CNBC’s Closing Bell
I will on CNBC’s Closing Bell today, Friday, at 4:00pm discussing the lack of any taper from the Fed, what they see that the masses don’t and where the markets are ahead. Earlier this week in Street$marts (click on link to see) and on my blog, www.investfortomorrowblog.com I spelled out the three scenarios that could result from the Fed meeting. While I did not believe any taper was warranted, the market was expecting a token $10-$15 billion. When Bernanke & Company did nothing, risk […]
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Date: September 20, 2013
Fox Business’ Markets Now
I am going to be on Fox Business’ Markets Now on Monday August 26 at 1:00pm. The stock market began a small bounce last week and looks to continue that move this week. Yes, it’s the unofficial last week of summer although many schools have already started and many more begin on the 26th. Volume is typically light this week, but when a geopolitical event occurs like we saw in 2011, 2010, 2008 and 2007, volume will certainly spike. I […]
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Date: August 26, 2013
Bull Market to Live On
The stock market continued digesting gains seen from the June 24 to mid July rally. So far, the consolidation has been constructive with the Dow Jones Industrials being the weakest index of the majors. Over the very short-term, the major indices should see a bounce but not exceed the all time highs seen in July. It’s too early to tell whether this will end up being an intermediate-term decline lasting well into September or short lived. One clue will be […]
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Date: August 16, 2013
Oh My! 3 Down Days in a Row!!
Should we break out the crash helmets? The market just went down three straight days! Yes, it was and is stretched, but there isn’t enough internal damage to warrant more than a routine, healthy and normal 3-8% pullback. A much larger correction is coming; it’s just not right now. If and when the major market indices close below the lows from August 7, we should see a deeper bull market pullback. Here were my comments from the interview I did […]
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Date: August 8, 2013
CNBC’s Closing Bell TODAY (Aug 5) at 4pm
I am going to be on CNBC’s Closing Bell TODAY (Aug 5) at 4pm discussing where the stock market is headed over the coming weeks and into September’s Fed meeting where the “taper” could begin. Over the past few weeks, I visited Fox Business and Yahoo Finance. Regarding the Fed, here were and are my thoughts: http://finance.yahoo.com/blogs/breakout/fed-meeting-tap-investors-await-bumpy-ride-112711784.html.
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Date: August 5, 2013
Correction Coming?
Every month or so, I write an update on the market’s canaries in the coal mine to get a sense where the bull market stands. Nothing has changed on that front in that we having an aging bull market, but one that should live on through the next correction and probably into 2014. As the market builds towards the next meaningful pullback, here are a few things to watch as I briefly discussed on Fox Business. http://video.foxbusiness.com/v/2565939221001/correction-coming/
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Date: August 2, 2013
Squawk Box on Wednesday July 3 at 6:30am
I am going to be on CNBC’s Squawk Box tomorrow (Wednesday July 3) at 6:30am discussing Friday’s “much anticipated” jobs report (aren’t they all???) and my outlook for stocks. If you missed last night’s Nightly Business Report, you can find it here. http://nbr.com/2013/07/02/dont-expect-earnings-blowout-or-market-rallies-pro-says/ The only thing I forgot to mention last night when I spoke about high quality corporate bonds and floating rate was that municipal bonds have been hammered as badly as any time since Meredith Whitney’s pathetically awful call towards the end […]
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Date: July 2, 2013
Nightly Business Report TONIGHT
I am going to be on The Nightly Business Report tonight (Monday July 1st). In my neck of the woods, it’s at 6:30pm on public television, CPTV or channel 13. You can find it on your dial here, http://nbr.com/. In all likelihood we will be discussing what I see down the road as we begin the new quarter and second half of the year with earnings season beginning next week. Stocks are beginning the quarter with the bulls in charge. Will […]
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Date: July 1, 2013
