— 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: GDP
“Walking a tightrope”
This was the title of Bloomberg’s “Weekend Reading” post, which captures and caters to the angst in the market place about the global economy and fear of the “R” word. I mean “walking the tightrope” did get my attention, so much so I used it for my title as I was attempting to gain your…
The “Humpty Dumpty” Syndrome
You all remember this one: Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again.[2] The United States stock market and world economy are today’s versions of Humpty, and the punditry and the media are beside themselves with worry…
Prof. Robert Shiller–Don’t Sell (Maybe)
“I can see it as a real possibility that stocks prices and house prices would both keep going up for years (maybe), but I’m not forecasting that by any means,”– Robert Shiller. Even though this is a qualified opinion it is still quite a revelation, as the good professor, co-inventor the Cyclically Adjusted Price-to-Earnings Ratio…
Session 135–If you can’t say something good … ,
Say something really negative, something really stupid or ‘saw sawdust.’ Today’s headline opinion column in MarketWatch (“The Fed has boxed U.S. into a tough easy-money corner”) hit the trifecta. As it pertains to saying something really negative, the article really hits the bull’s-eye, suggesting that when (and if) the Fed moves to reverse Quantitative Easing…
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…