— A flight to safety … the yield on the 10-year treasury drops 15% in two weeks in a raging bull market. — For some investors (computerized or not) fears of higher interest rates and inflation trump a rip-roaring economy with a tankful of fiscal stimulus and easy monetary policy as far as the eye can…
Tag: Jim cramer
The Big Lie About The End of Quantitative Easing and Other Media Malpractice
–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…
September … the worst month for stocks … imminent corrections and other things that scare us
–Is September as bad for stocks as the media would have you believe? –Is a significant correction imminent, and does the “September effect” make it more likely? –The bifurcated market … the shoe may be moving to the other foot. September, bad for stocks? The truth will set you free. The freedom I’m referring to here is the…
Stock Market at The Crossroads–Buy, Sell or Hold?
We are at a crossroads. The stock market has done (as usual) what most people did not expect. The S&P 500 gained back most of what it lost on the Covid crash, closing last Friday (5/8/20) only off a little more than 13% from its February 20, all-time-high (3393.52). This is after the index had…
“I’m done with fossil fuel” stocks
— When I see comments like this, especially from the likes of Jim Cramer (Squawk on the Street, 2/7/20), it gives me pause. — Cramer’s ‘big call’ history is more than a bit spotty. — Flawed as the much-heralded concept of ‘peak oil’ was back in 2008, writing the obituary for thefossil fuels industry may be a bit premature. When…
“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…
The “Christmas Eve Massacre” and where we stand now
First and Foremost … By early October, 2018, the S&P 500 had more than quadrupled off its 666, 2009 secular bear market low (up over 300%). This was capped off by a spectacular 24 month run that saw the S&P 500 increase more than 50% to a new all-time-high of 2951.81 (10/3/18). I would say a correction of…
Session 112–What a difference a ‘Frack’ made
Who would have thought Iraq erupting into sectarian / civil war would have , at most, been the cause of a two-day, 200-point decline in the Dow Jones Industrials (so far)? Not that it should be a surprise Iraq would fall into chaos upon the departure of U.S. forces, it shouldn’t. Saddam Hussein, the…
Session 71–Let’s Party Like its 1999!
“Maybe Twitter was the bell!” Opening day for Twitter (TWTR–NYSE) felt like 1999. The stock was priced at $26, opened…