–If this market has you confused or fearful, join the club –A look backward may help — The battle of the Covid19 ‘haves’ and ‘have nots’ plays out. — leaping to the right conclusions is essential … my post tries to clear the fog. This might help The following is a reprint of a post…
Tag: stocks
Bubbles and Bear Markets: One size does not fit all!
— The Tech and Innovation bubble has burst — Investors heavily involved in this space are definitely in a bear market (a narrow bear market). — Cathie Wood for the defense — Words of wisdom from Morgan Stanley …Caveat Emptor — Parting thoughts The tech and innovation bubble has burst There is no question about it. A proxy…
A fact that is not completely factual: The market sets record highs!
— Record market highs we are experiencing relate more to capitalization weighted indices than strength in the average stock composing those indices — Tear apart the numbers and the results show we have been in a significant downturn in the simple average stock since February 2021 — “Aren’t you worried? The market just keeps going up and up!”…
What’s bugging’ this market? Record highs and no celebrations
— A series of new all-time index highs but no popping of corks — A flight to safety goes on under the surface–a 1.25% yield on the 10-year Treasury July 7, couple with a ‘risk off’ 7% drop in the Russell 2K since July 1 — Are we headed for an economic slow-down or recession? This question…
Fed OMC day: Usually a good day be a stock buyer!
— Market history of the past 11 years confirms this assertion. — It is a gift given to us by the media … tales “full of sound and fury, signifying nothing.” –Today’s report was par for the course, causing a knee-jerk 382 point drop in the Dow followed by a barrage of inane, Powell parsing commentary….
The real “Doctor Doom” is back and he’s gloomy
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…
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…
“Investors Are Gorging on Hyper-Bullishness as Turkey Day Nears”
— New concerns are raised over a big jump in investor sentiment— Both the Investors Intelligence and AAII surveys show moves to levels well above historical averages— The Media flashes caution signs, as usual, without perspective …— I still contend we are in the midst of secular bull market. Ignore the noise Okay, my title…
The crisis abates … Yeah, Right!
The Ecstasy, The Agony and Back It is hard to believe that only fifty days have passed since the S&P 500 posted a record high of 3393.52. As of this past Thursday the index closed at 2789.82, down 18% on the year and up 28% from its March 23, low of 2191.86. Needless to say,…
“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…