Do I buy this title from Randall Forsyth and Barron’s this weekend? NO. It is just one more example of the media stirring the pot on a trivial issue that it has managed to build into a tower of worry and grief. The tag-line on this header is even worse, “Fed tries to avoid torpedoing global economy and market.”…
Tag: New York Times
Fed Policy Statement: A Change of Heart?
For some time now I have been advocating for a more normal short term interest rate policy from the Federal reserve vs. the ZIRP (Zero Interest Rate Policy) that they have been pursuing. My reasoning was, although the US GDP was not humming along at a more normal 3% real trend-line growth rate, things were…
Session 142–“What’s so bad about cheap oil?”
hephers Aside from the potential negative geopolitical effects, detailed in session 141 (“What really worries me” 1/12/15), nothing! As I established kortsessions to counter ridiculous media obsessions and misdirection, I thought it appropriate to flog this theme again; because the media just will not let it go. Also, it is important to acknowledge the good work that the…
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 122–An interview with special guest, Wade Slome
It would be nice if someone would create an app for PCs, mobile electronic devices and televisions that would flash a large ‘Red BS‘ (mid-screen) every time the media went overboard or off the track on a news item. The downside for those who watch CNBC would be the screen flashing red all the time. I was…
Session 109–Fear and Loathing on Wall Street
It never ceases to amaze me how rapidly market sentiment can shift. Last week was a perfect example; from ‘Fear and Loathing’ at the beginning of the week to a “Calm sea and Prosperous Voyage” at weekend (May 23, 2014). Of course, when this happens it is usually the media driving the train, picking news…
Session 99–Nasdaq Meltdown: Shades of Y2K
It’s Friday April 4, 2014. I am getting ready to run out the door to a meeting and I hear someone compare the the Nasdaq mini-meltdown of recent days (down 2.6% on Friday) to the beginning of the “tech bubble” bursting in March of 2000. Unfortunately, I was not recording at the time and there…
Sesssion 94–Rootin’, Tootin’ Putin
What a guy. His continued saber rattlin’/pistol packin’ stance over the Ukraine, plus continued worries about a Chinese debt crises and, voila, you have a mini market meltdown. It always amazes me how quickly the market can turn tail and run on little or no new news. On the other hand, yesterday may have…
Session 87–One Foot Out the Door, One Finger on the Panic Button
I think this describes the mindset of many market participants, suspicious of how far we’ve come since the crash of 2008. The ghost of that era still haunts investors; so much so, many cut their equity holdings dramatically or totally avoided stocks (sideline money=buying power). The recent mini-correction has reinforced this skepticism and the media…
Session 82–“A Correction Is Coming!” Part II
Lest I appear to be a complete “Pollyanna,” I thought it would be useful to point out that, yes, there are many negatives facing the market: some real, some imagined and some not yet foreseen. I subscribe to the old saw, “no tree grows to the sky.” I am acutely aware that the current, unabated…