It is obvious from Friday’s market action that the end is nigh, or we are on the “eve of destruction”: or better yet, stock market Armageddon has arrived. What tripped this all off? A well-respected value manager, Marty Whitman and his firm Third Avenue Management got themselves a little bit too far out over…
Tag: Bloomberg
‘Even a blind hog finds an acorn now and again’
Not that Barron’s Magazine is a ‘blind hog’, but I get the impression the folks preparing the Up and Down Wall Street column are, at best, very short-sighted…ergo, the title of this post. They finally came up with something worth your attention. This acorn, (don’t be confused by the title–“Presidential Pretenders: Trump, Carson, Cruz and Clinton”…
The Bears Have It Both Ways!
Heads you lose! Tails you lose! Today’s post is a micro-market history of the first four months and six days of 2015; and, what the bears obsessed on. Coming into the new year things looked really dire to the bears. They were concerned about the precipitous fall in the price of oil. They said it…
Fed Policy Statement: A Change of Heart?
For some time now I have been advocating for a more normal short term interest rate policy from the Federal reserve vs. the ZIRP (Zero Interest Rate Policy) that they have been pursuing. My reasoning was, although the US GDP was not humming along at a more normal 3% real trend-line growth rate, things were…
Session 141– What really worries me (1/12/15)
It is not the prospect of a global recession some say is lurking as evidenced by the recent sharp drop in crude oil prices. As I have said before in kortsessions, I simply don’t buy this. Lower oil prices are a huge benefit to for everyone on the planet not involved in production or supporting…
Session 115–“Forget the first-quarter shocker: economy OK”
And what did Jeffry Bartash mean when he referenced the “first quarter shocker?” His ‘shocker’ was the first quarter plunge in GDP, decreasing at an annual rate of 2.9%. And why was this a shock? I’m really not sure. I guess Bartash and many Wall Street types, including economists, were in hibernation during the cruel…
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…
Session 80–“The Best Financial Advice I Ever Got (or Gave)”
We are at that time of the year when many of us turn to prediction and reflection. Predictions are HARD to do. Few in the media or punditry ever get the economy or stock market right. Having made this observation I will venture out on the ledge and make one prediction. The media will continue…
Session 77–What Made The Media Salivate In 2013
I started my blog to give clarity and perspective to the daily barrage of hype and misinformation from the mainstream and financial media. I hope my work has been helpful in that respect. As we approach the New Year, I thought a retrospective on kortsessions might be useful, a look-back on the issues that the…
Session 76–“‘Crisis’ is a state of mind”
“Stock market could be hitting dangerous triple top.” With headlines like this you don’t have to be concerned about the integrity of that “Wall of Worry.’ What is even more overwhelming is the lengths to which the authors quoted in this piece would go to make their fearful point. What is a ‘triple top?’ In…