Wait a minute! The reports of TINA’s demise may be greatly exaggerated. If the acronym TINA is not part of your daily vocabulary, I can understand. The concept of “there is no alternative” is a term some market savants have used to explain the market’s strength over the past few years. There is no alternative to…
Tag: inflation
The Mob and The Market
–Unthinkable events … the market sails right through –Balancing changing politics, insurrection and asset allocation –Potential flies in the ointment—Interest Rates, Taxes and Inflation –The VIX provides a clue on market sentiment and direction Protest, insurrection and the market What is depicted in my opening image is civil disobedience, rightful protest to redress grievances. What…
The crisis abates … Yeah, Right!
The Ecstasy, The Agony and Back It is hard to believe that only fifty days have passed since the S&P 500 posted a record high of 3393.52. As of this past Thursday the index closed at 2789.82, down 18% on the year and up 28% from its March 23, low of 2191.86. Needless to say,…
“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…
Beware the June Jobs Report!–A counterpoint
Why? Because the ADP private payrolls report, issued Wednesday July, 3 missed analysts’ expectations, coming in at a meager 102,000 new private sector jobs being created in June. This sets the stage for a miss on the government jobs report due tomorrow and in the eyes of most media savants and pundits this signals a…
Trust Me, inflation and higher interest rates are good for stocks …
Unless we are headed into a hyper-inflationary period such as that we saw in the mid 1970s and early 1980s. This is a nuanced situation. Most people writing about inflation and rates or programming computers that implement trading programs to react to news that might change their trajectory do not get the complexity of what…
Things to obsess on in the new year!
Inflation and Interest rates We’ve not heard much about either of these two market slayers of late. Barron’s year-end edition brings them back into focus –– “What Inflation Could Mean for the Market – Even a small uptick could catch markets off-guard. How to prepare.” We all know that higher inflation, and the higher interest rates…
Are we on the iceberg or the Titanic?
By the word “we” I mean equity investors. And, if we are on the iceberg, it may just be the tip of this bull market’s magnitude that we are seeing above the water line. To continue the analogy, those left on the ill-fated Titanic are the bears, including such notables as Marc Faber, Harry Dent,…
‘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”…
What’s good for the goose is good for the gander
The other day I came across an article in MarketWatch that was trending number one on its “most popular” list (“Peter Schiff, more bullish than ever, sees gold heading to $5000 an oz.”) — (close 5/15/15@ $1223/0z.). The fact the author, Myra P. Seafong, chose to write on this is amazing. Even more jaw-dropping is…