The recent shift in Fed rhetoric … does it really mark a policy shift? Market history update Bad News Sells! Randall Forsyth, Barron’s editorial writer and chief contributor to the “Up and Down Wall Street” column, is a modern day “Mikey.” You all remember Mikey? He was a 3 or 4-year-old toddler featured…
Tag: “Up and Down Wall Street”
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…
“The Real Cause of Stocks’ Big Stumble”
Randall Forsyth at Barron’s Magazine says it had little to do with those ‘financial weapons of mass destruction’ (exchange traded funds and notes), derivative securities, created to bet against volatility (VIX). In his opinion it is all about monetary policy. “We are witnessing the beginning of the end of the radical monetary policies that…
“Risk Roars Back”
And the folks at Barron’s and CNBC are delighted. Why? Because it should stimulate readership and viewership of their organizational output … very good for advertising sales. In the financial media nothing sells quite as well as bad news. In the general media the same holds true, as they were all trumpeting the fact that…
“Mnuchin: Pass tax reform or markets will tank”
Well, Secretary of the Treasury Mnuchin didn’t actually say it this way. The above title was the work of a headline writer at CNBC. And, as usual ,was designed to reel you into their web with the negative and the sensational. What he did say was, “There is no question that the rally in the…
Beware of Pundits Bearing Wet Blankets, or …
How to take a silk purse and turn it into a sow’s ear in one easy lesson. I give the prize to CNBC … more specifically Bob Pisani and Art Cashin (with runner-up honors going to Barron’s Magazine). This exercise might be especially instructive for kortsession followers with short attention spans. You may have forgotten…
‘Even a blind hog finds an acorn now and again’
Not that Barron’s Magazine is a ‘blind hog’, but I get the impression the folks preparing the Up and Down Wall Street column are, at best, very short-sighted…ergo, the title of this post. They finally came up with something worth your attention. This acorn, (don’t be confused by the title–“Presidential Pretenders: Trump, Carson, Cruz and Clinton”…
Session 67–I love it when people agree with me!
“The whole, entire secular bull market remains in its very early stages.” These are the words Brian Belski, BMO Capital Markets Strategist, one of the four panel members interviewed by Maria Bartiromo yesterday (10/22/13) on CNBC’s “Closing Bell.” The clip, ‘Forced into the game’ of buying U.S. stocks,’ features along with Belski: the man who…
Session 58–Pass The Xanax, Please!
This week of September 15, 2013, has set up to be one full of angst. We have a Fed Open Market Committee meeting Tuesday and Wednesday culminating with a pronouncement on the “Dreaded Taper.” Although the old saw about “September, The Cruelest Month,” seems to be heading for the same fate as “Sell in May…
Session 55–“You Call This a Crisis?”
NASDAQ’s short ‘downtime’ last week (thanks to a technical glitch) sparked a storm of lamentations and consternation in the cable financial media. They called it a crisis. You would have thought it was the end of the world or, at least, another nail in the coffin of investor confidence. I bet poor Warren Buffett was…