With Monday’s blog and Street$marts being on the long side, I decided to wait a day to offer commentary on how the markets’ reaction to the impending default by Greece, bank closure, referendum, etc. would impact the new month and quarter. To reiterate an important market tenet of mine which has been around for decades, it’s not what the news is, but how the markets react. We are constantly reminded of that with economic news. Is good news bad news […]
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Congratulations to the New England Patriots! I didn’t root for you, but a win is a win, even in the face of the single worst offensive play called in the history of big game sports. Stocks begin the week with the bears in mild control even following Thursday’s reversal. Early this week should be very key to see which way the short-term winds blow. On the S&P 500 and its weaker cousin, the Dow, price has declined to the same […]
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In the spirit of Herve Villechaize telling Ricardo Montelban on Fantasy Island, “Da Plane Da Plane Da Plane”, here is the bounce, the bounce, the bounce. After writing about the market bouncing and what was “supposed” to happen in several posts, stocks cooperated on Friday with what has been described as a “huge rally”. I am always keenly aware of what questions I am asked by the average investor as well as the comments. Over the weekend, folks I spoke […]
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