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
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
German Courts and Apple
Markets breathed a collective sigh of relief after the German courts ruled “favorably”, allowing the European bailouts to continue. Apple unveiled its latest iPhone as the stock sits near all time highs. Both events did not inspire the markets to do much other than digest as they awaited the Fed’s 12:30pm announcement on Thursday. By the end of the week, the markets will have digested the ECB’s latest pledge to buy European debt in a HUGE way, Apple’s new phone, […]
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Date: September 20, 2012
Friday is Finally Here
It seems like the markets, investors and media have been waiting forever for Ben Bernanke to give his annual speech from the Fed’s retreat in Jackson Hole WY. Lots of initial expectations have faded into much ado about nothing. I like that the stock market is showing weakness into the speech. That leaves ammunition for a potential move higher next week. Today’s decline was very orderly and began to restore a little worry in the markets. We don’t need all […]
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Date: September 4, 2012
Like Watching Paint Dry
Unlike the summers of 2011, 2010, 2009, 2008, 2007 and 2006, the summer of 2012 has been very, very quiet. Volatility is at an historically low level. Volatility contraction leads to expansion and vice-versa. At some point, we are going to see a spike in volatility and that will shock the system. Later this week, Ben Bernanke will make his annual speech from the Fed’s retreat in Jackson Hole WY on Friday at 10:00am. While everyone will be on the […]
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Date: September 4, 2012
The Bulls Powering to New 2012 Highs
New Street$marts is out chock full of tidbits with Paul Ryan, the Fed, ECB and stocks on their way to new 2012 highs! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120816.pdf
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Date: August 20, 2012
Bulls Giving it the College Try
Following up from the Street$marts issue I published today (link to follow here on Friday), the bulls are stepping up here on the Dow, S&P 500 and NASDAQ 100, closing the day within striking distance of new highs for 2012. I expect that to occur over the coming days. Once that is achieved, I do not anticipate a blow off to the upside. Rather, I think the stock market will be within a few percent of peaking. Flies in the ointment […]
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Date: August 16, 2012
