“Damn the torpedo’s… Full speed” … ahead! I used this somewhat doctored quote from Union Rear Admiral David Farragut to title my final post of 2019. Back in the day (1864) the torpedoes Farragut was damning happened to be contact mines that were easily able to blow a ship out of the water. There were…
” … The Good News Is Already Baked Into Stocks.”
–Is it? Don’t buy this argument. –– A more elevated view and longer-term perspective yields an entirely different picture. –Stimulus and low interest rates world-wide seem under-appreciated as long-term drivers for the economy. –Using the analogy of baking a cake, we’ve just made the batter. The World According to Forsyth This was the take of…
Don’t let ’em scare you out of your stocks!
— No question … The market is overextended — Well known investor sentiment surveys are flashing red — Calls for caution become routine — How should you react? — Best advice … maintain the long view … the secular bull continues The market is over extended There is no question about this. During the month…
“Investors Are Gorging on Hyper-Bullishness as Turkey Day Nears”
— New concerns are raised over a big jump in investor sentiment— Both the Investors Intelligence and AAII surveys show moves to levels well above historical averages— The Media flashes caution signs, as usual, without perspective …— I still contend we are in the midst of secular bull market. Ignore the noise Okay, my title…
Interest rates are going thru the ceiling!–the next “BIG THING” to worry about
Humankind is a species that feeds on negative news aided by the media that knows how to feed that need The market appears willing to ignore really bad news on the virus front … an obsession on the way out The next big thing may be rising interest rates which will go hand in hand…
The Death Of Oil
Energy stocks have taken a beating the last few weeks Concerns about a worldwide resurgence of Covid 19 have raised the specter of declining economic activity and the negative potential impact on oil demand Longer-term two news items last month, one from the governor of California and one from China, probably pushed the sentiment surrounding…
The Market: Being stalked by the bear
last week’s market a stunning reversal … maybe Tech: A pandemic winner The silver lining Sentiment falls off a cliff — from bad to worse and that’s good The secular bull market case continues intact A stunning reversal … really! The NASDAQ composite in six trading days closed down nearly 10%. This was accompanied by…
“Apple Stinks: They loved it at $700 … They hate it at $400”
A trip down memory lane The oh-so-catchy headline above is the title of a Kort Session post I published April 25, 2013 (the post). To have the above prices reflect a subsequent (June 9, 2014) 7 for 1 stock split and the August 31, 2020 4 for 1 split the prices need to be adjusted…
“If the ‘big Five’ Tech Stocks Falter, They’ll Take the Rest of the Stock Market down with Them”
Barron’s does it again Better yet I should say Barron’s columnist Randall Forsyth does it again. What a fetching headline. ‘If it bleeds it leads. Mr. Forsyth, have you no shame? The FAAMG stocks (Facebook, Apple, Amazon, Microsoft and Google — for some reason Netflix did not make the cut) had all the right stuff…
“What were you thinking?”
As it pertains to the current market, I’m not certain what is going on in the heads of many investors as they continue to direct a fire hose full of dollars into a very narrow group of tech and internet stocks. For example the current market capitalization (7/13/2020) of Apple (AAPL — $1.663 trillion) plus…