The Great Conundrum In January of 2020 the 10-year US Treasury opened the new year trading with a yield of 1.8%. The S&P 500 was on its way to a 4.6% gain and a new record high by February. Then Covid-19 hit and in the flight to safety that followed the 10-year yield went below one half…
Tag: Art Cashin
“After You Get What You Want, You Don’t Want It”
This 1920 ditty by Irving Berlin is a perfect descriptor of the punditry corps reaction to: Janet Yellin’s post-Fed OMC (Open Market Committee) meeting comments last week; European Central Bank (ECB) policy moves the previous week; subsequent wilting of the dollar; rising oil prices and a more-measured, less-volatile tone in the market. The damsel in…
‘If it bleeds, it leads!’
And, Thursday morning’s banner headline in MarketWatch.com was a perfect example of the depths to which the financial media has fallen–“Mark Cuban: This tech bubble is ‘far worse’ than back in 2000.” I thought we might have seen the worst of this talk, maybe even put it to bed in our post, “Will miracles never cease?”…
Session 129–The House of Pain
That’s what I call the small and mid-cap segment of my portfolio. BTW, “House of Pain” is a term most Cramer fans are familiar with. He did not invent it, but I think it is appropriate. I mean it has really gotten ugly out there, not to mention the return of volatility that some were bemoaning…
Session 101–April is the new May?
Despite the title, session 101 is not about the weather or climate change. It is about that old market saw, “Sell in May and go away”…a reference to a quirky market seasonal pattern showing, on average, a greater propensity for market profits in the winter vs. less profits in the summer months. Mark Hulbert (The…
Session 87–One Foot Out the Door, One Finger on the Panic Button
I think this describes the mindset of many market participants, suspicious of how far we’ve come since the crash of 2008. The ghost of that era still haunts investors; so much so, many cut their equity holdings dramatically or totally avoided stocks (sideline money=buying power). The recent mini-correction has reinforced this skepticism and the media…