Who is the real “Doctor Doom?” Why, it is none other than Henry Kaufman, former chief economist at Salomon Brothers, after a long repose out of the limelight. Not only is he back, but he is loaded for bear … he ” … Sees Danger in the Markets and Economy.” (you need WSJ or Barron’s…
Tag: financial media
Are You Smarter Than A Computer?
The answer is … It depends on who is programing the computer … GIGO (Garbage in/ Garbage out) for Pete’s sake! This is important when considering the daily/weekly gyrations of the stock market.“In the U.S. stock market and many other developed financial markets, about 70-80 percent of overall trading volume is generated through algorithmic trading.”…
Record Highs–Yet So Much Fear
The Fear of Being Bitten Again “Besides the last eleven months, there have only been five other streaks where the VIX remained elevated above 20 for at least six months.” …
“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…
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…
Markets and Media gird themselves to face a new challenge
2019’s big concerns evaporate Last week I attended an investment committee meeting for a small foundation for which, I serve as a board member. One of our members, a financial planner/ investment advisor, serves as a liaison to the street and his firm provides the committee with investment and economic commentary. His report led with…
“Damn the torpedoes … full speed”…ahead!
My title today derives from a quotation attributed to rear admiral David Farragut during the 1864 Battle of Mobile Bay. The actual sequence went more like this: “From his high perch, where he was lashed to the rigging of his flagship, USS Hartford, Farragut could see the ships pulling back. “What’s the trouble?” he shouted through…
“Buy, Sell or Fold” — A market history and MLP retrospective
A Glance in the Rear View Mirror In March of 2013, I penned my 14th edition of kortsessions.com, “Buy, sell or Fold?”. We had just broken definitely above the previous record high ( March 2000, s&P 500, 1550). The actual record high did occur in October 2007 (1576) but it was a very short-lived move…
“Don’t celebrate the Dow record too much” or doubling down on a bad call
The bad call was the header of my last week’s post, “The wrong kind of stocks are leading the stock market to records.” What kind of stocks might those have been? They were defensive stocks … healthcare, utilities, REITs. Why was this bad? It was a sign the smart money was fearful. And that’s not…
A Lethal Combo: PMI at a 10-year low + Slowing Job Growth — NOT!
Flash! Dow looses 800 points in 2 Days Here we go again, more selling based on market news items reported without contextual backup. Purchasing Manager’s Index (PMI) for September Worst in a Decade 50.2% was the expected reading. 47.8% was the actual number. Any reading below 50 is considered to be indicative of a slowing…