Where Did the Bulls go?
I did not like the action today to begin the new week. After Thursday and Friday, the bulls needed to hold serve and not let the bears see any weakness. Monday and Tuesday saw the bears take over and that does not bode well in the short-term, even though the stock market is oversold. More caution is warranted.
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Date: June 12, 2013
Bears in Full Attack Mode
Just one week ago, all the talk was about Dow 16,000 and even higher. They said the year was just like 1995. HA! Years like 1995 come along once every investment cycle, almost like we saw in 2003. The major indices were solidly red today for the second time in four sessions. Contrary to popular belief, trees don’t grow to the sky and neither do stocks! So far, this is an orderly and healthy pullback that should max out at the […]
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Date: June 7, 2013
Why Bernanke Can’t Be Fully Transparent
After being interviewed by Melissa Francis for so many years both at Fox Business and CNBC, it was great to finally meet her in person on set. She definitely does not lob softball questions! Here is the segment from the other day. http://video.foxbusiness.com/v/2404884981001/why-bernanke-cant-be-fully-transparent/ Action in the stock market on Thursday and Friday was positive enough to indicate at least one more run to all time highs sooner than later. It was be interesting to what leads and lags if that […]
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Date: May 30, 2013
Bond Market Sending Warning Sign
Tuesday’s stock market rally looked better in the media than in reality. Early strength was sold and there was not much conviction from the buyers. Unless we see the bulls step up and close above Tuesday’s high, stocks look like they need a pause or pullback here. Closing below Dow 15,175 should set off even more selling while closing above 15,550 should entice more buyers back in. I am concerned here that high yield bonds have taken it on the […]
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Date: May 30, 2013
Big Ben Pours Cold Water on Bulls
The stock market saw a very dramatic and emotional reversal today as fresh all time highs were seen in the morning followed by a vicious selling wave from the highs until 3:30. The hardest hit sectors all focused on dividends that would become less attractive if interest rates rose. Utilities, telecom, REITs and financials. Pundits were quick to compare today’s action to that seen at THE peak in 2007 and 2000, but I believe that is misplaced. While the price behavior […]
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Date: May 24, 2013
Bears Tasting Blood Yet?
A new Street$marts has been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20130416.pdf
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Date: April 17, 2013
Dow 15,000, Dow 13,700 and Fox Business
I am going to be on Fox Business’ Markets Now at 1pm today discussing the abysmal jobs report on Friday, the stock market’s rather muted reaction and what lies ahead this quarter. There are a few scenarios which can play out from here and I will lay them out in detail this week in Street$marts, which I hope to work on in a few days. In short, my upside max of Dow 15,000 and downside of 13,700 remain the same. If […]
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Date: April 8, 2013
Bulls Hanging On…
Here is yesterday’s segment from CNBC’s Closing Bell. http://www.investfortomorrow.com/InMedia.asp We have month and quarter end on Thursday so I would discount any unusual action until the new month begins next week. The bulls are hanging in, trying to push the S&P 500 to an all time high and I think that should be seen since it’s only a few points away here. But my comments from the other day still hold. I see the Dow’s potential upside as 15,100 and […]
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Date: March 27, 2013
Dow 15,000, CNBC and more…
I am going to be on CNBC’s Closing Bell today, March 26, at 3pm discussing the S&P 500’s continued assault on all time highs as well as the latest nonsense out of Cyprus, a country with the economic output of Vermont! As you know, we have been very bullish on stocks since mid November, especially through the overhyped fiscal cliff and sequester embarrassments. Sadly, looking at Washington’s fiscal calendar, we have many more “urgent” deadlines in 2013. Yippee! That means […]
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Date: March 26, 2013
Will the Country Even Function on January 1?
The latest Street$marts has been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121221.pdf
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Date: December 24, 2012
