My apologies to the late Charles Dickens for ripping off the segments of the opening line of his classic, “A Tale of Two Cities.” Essentially, that is what I got this week on the front page of Barron’s Magazine (a tale of two markets): Jack Willoughby’s “Dow 1600!” and Randall Forsyth “Up and Down Wall…
Tag: economy
Session 26—The Trifecta: Global Economic slowdown, E.U. Meltdown, Terror in Boston.
Monday morning, April 15, the market is greeted with the news that the Chinese economy grew at a paltry 7.7% in the first quarter (disappointing, as expectations were for an 8% gain). This humongous miss (3/10ths of one percent) sparked a major sell off in commodities (including gold) and today (4/17) the media has morphed…
Session 25—The Boston Marathon
My heart goes out to the victims of terror at the Boston Marathon, those who lost their lives and those who must bear senseless suffering from their injuries. In a sense all Americans are the victims of this event, as it brings us back to the point that there are people in the world bent…
Session 23—“Fed Minutes Show Sharp Division Over ‘QE’ Duration”
Remember the “Fed Bolt From Hell” from sessions 15 and 18? Well, the headline above would make one think that “FBFH” might be a lot closer than we think. I mean this is pretty dire stuff as it gives the impression that maybe a real movement toward a policy shift was at hand (or at…
Session 22–“Latecomers Flocking to the Party”…Really, New York Times!
The front-page story of the business section of this Sunday’s (April 7, 2013) New York Times featured our headline quote. This is a story that, on the surface, would make any respectable contrarian cringe, all about average investors piling back in the market at just wrong time. It seems to be a common theme for…
Session 18-“Fed Bolt From Hell” part II—That was then. Then may be now.
While scanning the pages of Barrons.com, I spotted an article I thought might be perfect fodder for kortsessions.com. In this case the media portrayal of the market might be too bullish. As it turned out this was to be a wonderful perspective on the current market through another set of eyes. Here is the headline from…