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…
Tag: New York Times
The Tradition Continues: September, the worst month to be in the market
“Stocks Roll Through Summer’s End. But Now Comes September” (you need a Barron’s subscription to view) It is September again and the perennially negative are out worrying about the calendar. “To paraphrase Mark Twain, September is a peculiarly dangerous month to speculate in stocks (Twain goes on to posit, to also paraphrase, so is every other…
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…
A New Positive For The Market And Nobody Cares
Peace Breaks Out On The Korean Peninsula After 65 years of an armistice (signed July 27, 1953) the Korean War looks like it maybe heading to its conclusion with a full peace treaty … that is, of course, if the they and the other parties to the armistice, China and the United States, can come…
Happy Monday! — March 19, 2018
I woke up this morning and was confronted with the following headlines (and explanations of the headlines) from the Pollyanas that run CNBC’s website, CNBC.com: “Dow falls 100 points after Trump’s Twitter meltdown” “Dollar consolidates gains before Fed Meeting” “US Treasury yield rise ahead of Fed meeting, 2-year rate hits 2008 high (2.32%)“ “Gold hits two-week low…
“Gary Cohn Resignation Would ‘Crash The Market’ … ” — Really?
I was stunned to see this comment. Why? After seven full months of the Trump presidency it is stunning that anyone in the media or punditry at large would believe that anyone around the president could change the direction or ability of his administration to get anything done. Gary Cohn, Wall Street maven and head…
Dow 22,000!–The Brave New Market
You may have noticed recently a total absence of kortsession posts. The reasons are twofold: one, it is hard to argue after the run we’ve had that a correction or even a cyclical bear market market might not be in the offing (it’s even got me doubting after years of bullish thought process on this…
“A ‘Horrendous Storm’ is set to hit stocks”
Thus spoke Ronald Reagan’s OMB (Office of Management and Budget) director David Stockman (6/8/2017). Stockman has been making dire pronouncements like this for years, and for years he has been absolutely wrong. Yet the talent bookers for CNBC continue to call him back for reprises of his infamously bad calls. For years Stockman has been…
The Hidden Killer–Opinions About News
Taking my title assertion one step further, in many cases Opinion About News due to our beliefs can become our reality, whether factual or not. Yes, we are all entitled to our own opinions and beliefs. It is a free country. However, in investing, relying on strongly-held beliefs and opinions about the news can be quite risky….
Please! Don’t confuse me with the facts!
In an era when playing fast and loose with the facts seems de rigueur, not only for the newsmakers but the media covering them, you are bound to get some carryover to the mundane world of economic and financial news. But in financial media what you get is opinion and speculation about assumed facts. The…