This is a paraphrase of the prime message from an interview with perma-bear, David Tice, on CNBC’s Trading Nation Thursday April 12. Now this is not a new message from Mr. Tice. It has been his message for most of the past three decades. According to one wag Tice has called at least thirty of the last…
Just when You thought it might be safe to tiptoe back in the market …
It’s Monday morning April 2. In the wee hours as well as during the weekend our president delivers another blistering tweet storm trashing Congressional lack of action on DACA (Deferred Action for Childhood Arrivals), threatening to blow up NAFTA (the North American Free Trade Agreement) if Mexico doesn’t get tougher on border security from their…
Trade Wars, Fed Tightening and The Fine Art of Deflection–YIKES!
With the first salvos being fired in a potential Sino-American trade war, the Fed boosting the funds rate another quarter point (now 1.5% to 1.75%) and the president stirring the pot in what appears to be his own war of deflection, what’s an investor to do? The only winners here seem to be the media…
Happy Monday! — March 19, 2018
I woke up this morning and was confronted with the following headlines (and explanations of the headlines) from the Pollyanas that run CNBC’s website, CNBC.com: “Dow falls 100 points after Trump’s Twitter meltdown” “Dollar consolidates gains before Fed Meeting” “US Treasury yield rise ahead of Fed meeting, 2-year rate hits 2008 high (2.32%)“ “Gold hits two-week low…
The Departure of Gary Cohn — Let’s Get Real!
It is no big deal. It means absolutely nothing because the President has told us he has a “Very Good Brain.” And when you have a very good brain in his final analysis that means you don’t have to take anybody’s advice. This seems to exclude one person, the last person he spoke to before making the decision….
Another Fed Freak-Out
Or, should I say, mini freak-out? After all the Dow Jones Industrials and S&P 500 indices were only down 299 and 35 points respectively (a mere 1.16% and 1.27%). This certainly was not a rout and it was very predictable. This is what you would expect from the market when a newly-minted Fed Chair, Jerome…
“The Real Cause of Stocks’ Big Stumble”
Randall Forsyth at Barron’s Magazine says it had little to do with those ‘financial weapons of mass destruction’ (exchange traded funds and notes), derivative securities, created to bet against volatility (VIX). In his opinion it is all about monetary policy. “We are witnessing the beginning of the end of the radical monetary policies that…
“Risk Roars Back”
And the folks at Barron’s and CNBC are delighted. Why? Because it should stimulate readership and viewership of their organizational output … very good for advertising sales. In the financial media nothing sells quite as well as bad news. In the general media the same holds true, as they were all trumpeting the fact that…
The Stock Market: A Change Is In The Wind
What I try to do in kortsessions.com is act as a counter to a continuous stream of what I believe to be mis-information and bad advice emanating from the media … not just the financial media, but all media. I believe we have seen a pronounced and somewhat concerning change in that information flow as…
“A Correction Is Coming” … a retrospective
As the market continues to run almost daily to new all-time highs, the probability of a significant correction continues to increase. Of Course, the potential for correction has been with us since the lows. Still, it is a fertile field for media/pundit speculation and chatter. Ergo, I ask “so what?.” Since my very first postings…