–There is a falsehood constantly perpetuated by the media that the end of Quantitative Easing (QE) will be bad for the market and you should worry about it. –This is hard to imagine given that the emergency which brought us QE has passed, and QE’s ability to keep rates lower may be greatly exaggerated. –Why is it that Chairman…
Tag: Jeff Cox
When There’s No Bad News, Sow Bad News
If the above motto is not emblazoned over the entrance to CNBC world headquarters it should be because that is exactly what they do! Today is a perfect example. There really is not much going on save what should be the wrap up to a fairly routine Fed meeting, a meeting where no significant policy…
Good news is still bad news and that’s good news!
Since secular bull markets generally end in a hail of good feelings and optimistic media and public pronouncements, it is safe to say we’re not there yet. Take this piece, for example from CNBC contributor Jeff Cox (a.k.a The Bad News Bearer–June 6, 2013): “When earnings look this great, it is actually a really bad…
“Insiders sending an ominous market signal”
I have just returned from a week in Cuba. And, just like Cuba, where the auto fleet and infrastructure have not been changed (except to deteriorate) for decades, CNBC’s efforts to create fear and confusion in the minds of investors (keeping them cringing, glued to the tube), also have not changed…‘plus ca change, plus c’est…
Session 91–“Born Under A Bad Sign”
“Born under a bad sign. I’ve been down since I began to crawl. If it wasn’t for bad luck, I wouldn’t have no luck at all.” This is one of my favorite tunes from one of the finest rock bands to come out of the 1960’s, “Cream”, music and lyrics by William Bell and Booker…
Session 85–“When will they stop talking about ‘the taper’?”
China is growing. The ‘Dreaded Taper’ is growing. Several emerging market currencies are sinking and the media finally has things to obsess on after a very dull fourth quarter, where most of the popular indices (save the NASDAQ) have made new all-time highs. One of the key points that has developed out of this…
Session 51–Stunning Revelations From Mutual Fund Land!
Since the market began its precipitous decline in 2008 and until January of this year, $418 billion came out of equity mutual funds. According to Lipper Analytics, January of 2013 broke this streak of net redemptions with a $14 billion net inflow. At the same time Lipper reported net new bond fund purchases were $34…
Session 48–A Battle of Wits Between Three Unarmed Opponents
The question asked and debated in the attached clip is; “Is distrust in Wall Street hurting the market?“ (see link at the end of this post) A better question might have been, “Is distrust in Wall Street and the market a positive or negative sign, vis-a-vis where we are in the current market cycle?” To…
Session 45–“Earnings Season”
Before venturing into one of my favorite topics, “Earnings Season”, I thought it might be useful to explain my reason for creating kortsessions.com. I started my blog to offer a sensible counterpoint to the 24/7 media/ political/ punditry cycle and its continuous barrage of bad news, misinformation and fear mongering. Most of this is noise, doing…