— To expand the theme, “Buy stocks of profitable companies that make ‘things’ and return profit to shareholders.” (Jim Cramer) — In the face of speculation about a 50 basis point move on rates at the May FOMC meeting (followed by another 75 bips in June) the market is telling us we should not buy…
Tag: Fox Business News
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 99–Nasdaq Meltdown: Shades of Y2K
It’s Friday April 4, 2014. I am getting ready to run out the door to a meeting and I hear someone compare the the Nasdaq mini-meltdown of recent days (down 2.6% on Friday) to the beginning of the “tech bubble” bursting in March of 2000. Unfortunately, I was not recording at the time and there…