— When has being a seller into a well-anticipated event with negative implications for the market ever made any sense? — We have had 42 days full of hand-wringing and negative media to contemplate the July 27 Fed meeting … a for me the market has priced this in. — After all the higher rates, inflation, recession talk and extremely…
Tag: interest rates
Should we be greedy?
— What is a “Ponzi”? — What just happened? A contrarian view of the first half 2022 — It’s the 1970’s all over again or is it?– A view from someone who lived every day of it as an investment professional — Investors continue to stare into the rearview mirror. “Recency bias” has never been a road to…
Should Biotech Be On The Critical List?
— In a little over a year the market has gone from sell ‘old economy’, companies that make something and earn money, to sell companies that don’t make things and earn money. — We are now at the stage where nobody cares … don’t buy anything whether it makes makes ‘things’ or money. Irrational pessimism on the tech/innovator sector…
Trying to figure out this market?
–If this market has you confused or fearful, join the club –A look backward may help — The battle of the Covid19 ‘haves’ and ‘have nots’ plays out. — leaping to the right conclusions is essential … my post tries to clear the fog. This might help The following is a reprint of a post…
The New Narrative: Buy Stocks of Profitable Companies?
— 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…
Fed Obsession–A Gigantic Waste of Time!
— Fed Obsession, much of it is media-inspired with little in the way of real perspective … their conclusion is always negative. — Inflation is today’s monster issue. Since fiscal restraint has become a lost art it is up to the Fed to slay that dragon all by itself. — The trigger yesterday were comments by Fed Governor,…
Fed Speakers Weigh In: Good Policy or Grandstanding?
— Seems like everybody wants to get into the act … St. Louis Fed President Bullard and Fed Governor Waller call for stronger measures to fight inflation. — Though we value free speech, should the Fed speak with one voice when it comes to monetary policy? — Are opinions and forecasts based on the “dismal science” of…
Bubbles and Bear Markets: One size does not fit all!
— The Tech and Innovation bubble has burst — Investors heavily involved in this space are definitely in a bear market (a narrow bear market). — Cathie Wood for the defense — Words of wisdom from Morgan Stanley …Caveat Emptor — Parting thoughts The tech and innovation bubble has burst There is no question about it. A proxy…
Is that gorilla in the room an 800 pounder or 80 pounds?
— The gorilla, of course, is Fed policy and rising interest rates. — For certain segments of the market (Big Tech/The Innovators in particular) it rightly looms large. — For the rest of the market Wednesdays action was an exercise in ‘sawing sawdust’, reacting in a predictable way to old news. — The market sends a clear…
Covid Omicron: The bears have Thanksgiving
— Will the Bulls have Christmas? — “There are known knowns. These are things we know that we know. There are known unknowns … ” — An apt description of the new world of Covid Omicron. — Worst case scenarios — Too Much Information — the number of mutations on the spiked protein — Take a deep breath….