Who is the real “Doctor Doom?” Why, it is none other than Henry Kaufman, former chief economist at Salomon Brothers, after a long repose out of the limelight. Not only is he back, but he is loaded for bear … he ” … Sees Danger in the Markets and Economy.” (you need WSJ or Barron’s…
Tag: pundits
Interest rates and stocks: Heads you lose … Tails you lose!
The Great Conundrum In January of 2020 the 10-year US Treasury opened the new year trading with a yield of 1.8%. The S&P 500 was on its way to a 4.6% gain and a new record high by February. Then Covid-19 hit and in the flight to safety that followed the 10-year yield went below one half…
The Market Floats In a Sea of Mines
“Damn the torpedo’s… Full speed” … ahead! I used this somewhat doctored quote from Union Rear Admiral David Farragut to title my final post of 2019. Back in the day (1864) the torpedoes Farragut was damning happened to be contact mines that were easily able to blow a ship out of the water. There were…
Interest rates are going thru the ceiling!–the next “BIG THING” to worry about
Humankind is a species that feeds on negative news aided by the media that knows how to feed that need The market appears willing to ignore really bad news on the virus front … an obsession on the way out The next big thing may be rising interest rates which will go hand in hand…
“Biden’s big lead … could be partly behind market’s drop”
Not Just one but, according to CNBC, many analysts are sounding a warning! Mr. Biden has promised to roll back the Trump tax cuts (a big plus for earnings the last couple of years) Should you sell if or before the Dems take over? History tells us you shouldn’t let your politics dictate your investment…
“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…
“Buy, Sell or Fold” — A market history and MLP retrospective
A Glance in the Rear View Mirror In March of 2013, I penned my 14th edition of kortsessions.com, “Buy, sell or Fold?”. We had just broken definitely above the previous record high ( March 2000, s&P 500, 1550). The actual record high did occur in October 2007 (1576) but it was a very short-lived move…
“Don’t celebrate the Dow record too much” or doubling down on a bad call
The bad call was the header of my last week’s post, “The wrong kind of stocks are leading the stock market to records.” What kind of stocks might those have been? They were defensive stocks … healthcare, utilities, REITs. Why was this bad? It was a sign the smart money was fearful. And that’s not…
“THE WRONG KIND OF STOCKS ARE LEADING THE STOCK MARKET TO RECORDS”
You cannot make this stuff up! Thus spake Mike Wilson, Morgan Stanley’s U.S. chief equity strategists. The “wrong kind of stocks” in Wilson’s mind are defensive … names like Pfizer, Merck and HCA. This is all happening while the faster growth leadership names like Amazon and Alphabet (GOOG) have been lagging. To Wilson this means…
“Walking a tightrope”
This was the title of Bloomberg’s “Weekend Reading” post, which captures and caters to the angst in the market place about the global economy and fear of the “R” word. I mean “walking the tightrope” did get my attention, so much so I used it for my title as I was attempting to gain your…