My take: hands down, it is the ‘Stewpud Markit’. I have never, ever seen the expenditure of intellectual energy that has gone into the stupid pursuit of the meaningless questions, ‘when will the Fed begin to raise rates for the first time after an 8 year hiatus and what will be the resultant economic impact?’…
Tag: marketwatch
“Nasdaq surge is triggering tech-bubble flashbacks”
This was Barbara Kollmeyer’s ‘if it bleeds, it leads’ banner headline, Friday, July 17 (MarketWatch). Ms. Kollmeyer goes on to say, “some strategists are starting to think either history could repeat itself for technology stocks, or we could be opening a nastier chapter in the book of bubbles.” For all the gory details, click HERE….
“Groundhog Day”
My title references the 1993, Bill Murray movie of the same name, where Murray plays an egotistical, obnoxious weatherman assigned to cover Punxsutawney Phil’s annual winter trip out of his burrow … very demeaning stuff. The problem for Murray’s character, Phil Connor (how ironic, another Phil) is that he becomes trapped in a time warp….
Words of Warning!
Warning–Seldom, in Stockmarket Land, do you get a broadly predicted outcome. Regarding today’s most broadly predicted outcome, my read is as follows: Stocks are up a lot and valuations are stretched (some say record highs–I disagree). The economy is weak, despite a 5.5% unemployment rate. When the Fed does move to raise rates, ‘game over.’…
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…
Where’s all that sideline cash?
According to Mark Hulbert, the cash on the sidelines is a myth. What appears to be a bullish argument for the stock market turns out to be a compelling case for why it’s in trouble. I’m referring to the notion that a huge amount of cash is sitting “on the sidelines,” as investment professionals say….
The Market: Bull, Bear or Bunny Rabbit?
My thanks to friend and former client, Wade Slome, President and Founder, Sidoxia Capital Management, LLL, for providing a third animal comparator for the stock market … “The Bunny Rabbit Market.” This was the title of Wade’s monthly investment letter for April (The Easter Bunny edition), which loosely compares the volatility that grips our current market…
“Greece is the word … “
“Syriza for the Win? Anti-bailout party on course to form government” CNBC, we pardon the pun (emanating from the title song “Grease is the word,” from the 1971 musical “Grease”). These clever folks are using this headline to help launch the next-big-thing to worry about after Eurozone Quantitative Easing (When? … How much? … too…
Session 138–Welcome to the panic!
Panic may be a bit hyperbolic; but, as of Friday’s close, things were getting a bit goofy in the market. Of course, when this happens on the downside it is usually a good thing, signifying that we are a lot closer to a bottom than a top. This is really intriguing, since we are only…
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…