Not Just one but, according to CNBC, many analysts are sounding a warning! Mr. Biden has promised to roll back the Trump tax cuts (a big plus for earnings the last couple of years) Should you sell if or before the Dems take over? History tells us you shouldn’t let your politics dictate your investment…
“Patient investor punished, dash for trash, strong market internals”
. It is amazing what the media considers premium content . The above headline from CNBC’s “PRO” service is a prime example . Beware the click bait and for heaven’s sake don’t spend your good money on it .Where to from here? “Mike Santoli’s Market Notes” (6/3/20) Our headline for this post is pretty negative,…
Stock Market at The Crossroads–Buy, Sell or Hold?
We are at a crossroads. The stock market has done (as usual) what most people did not expect. The S&P 500 gained back most of what it lost on the Covid crash, closing last Friday (5/8/20) only off a little more than 13% from its February 20, all-time-high (3393.52). This is after the index had…
“In a Stock Market Like This, Anything Could Cause The Next Panic”
“It’s a race against time … Barron’s Ben Levisohn proclaims —“no one knows who is winning.” (Barron’s or WSJ subscription needed to read more) May I suggest, based on this headline, I would say fear is winning and if you have read this far my use of the Barron’s headline effectively drew you into this…
The crisis abates … Yeah, Right!
The Ecstasy, The Agony and Back It is hard to believe that only fifty days have passed since the S&P 500 posted a record high of 3393.52. As of this past Thursday the index closed at 2789.82, down 18% on the year and up 28% from its March 23, low of 2191.86. Needless to say,…
Bad behavior on steroids: Rogue of the Year Award
And The Winner Is … Bill Ackman!!! Yes, Ackman distinguished himself by going on CNBC last Wednesday, March 18, at the height of the recent market panic and screamed to the world “hell is coming.” … like someone yelling “fire” in a crowded theater (I pointed this out in “Postcard from the bunker–3/19/20). I had…
A postcard from the bunker
Hunkered Down As I write this post I am hunkered down in the Kort family bunker, deep below the towering McMansions of Leawood, Kansas. Present are my wife, daughter and granddaughter and a fair supply of provisions, including toilet paper. We are some of the lucky ones. My tongue-in-cheek intro does absolutely not mean to…
A significant change in message occurred Friday the 13th.
The word from Washington has changed from the coronavirus is ‘no big deal.’ We can get through this biological tap on the brakes of the economy with monetary ease (50 basis point cut in the Fed funds rate), a suggested cut in payroll taxes and, last Wednesday, a 30-day ban on flights from continental Europe….
Nothing inspires confidence like a proposed emergency payroll tax cut.
This is especially true if you are an airline or hotel employee that is about to be laid off as a result of a coronavirus lapse in demand. OK Kort, what would inspire confidence? —Tell the truth. Don’t speculate about when a vaccine might be available or make statements about how quickly testing will be…
Coronavirus Panic: Time to chill, breath in and breath out … and consider the facts.
Time to look backward: an S&P 500/Corona virus retrospective Even though the corona virus outbreak in China had been on investor radar screens since the first of 2020 the S&P 500 managed to claw its way to a new all-time high of 3338 January 23. That happened to be the day China cut off egress…