— How could he be buying Occidental, an oil stock, amid a waterfall decline in the commodity? — Everybody knows the greening of the world spells doom for fossil fuels or does it? — Former oil company bad behavior changes in the fight for self-preservation. — My conclusions: Buffett is not mad. Why would Mr. Buffett buy a dirty, cyclical oil…
Tag: wall Street
Trying to figure out this market?
–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…
The Omicron Muddle: Opinion Versus Fact
— The market is being pummeled by a barrage of opinion on the Omicron variant of Covid 19. — There is a great divergence of opinion: the Moderna view vs. the Oxford view. — The facts that are available would seem to indicate that the market may be over-reacting on the downside. A barrage of divergent opinion on Covid…
September … the worst month for stocks … imminent corrections and other things that scare us
–Is September as bad for stocks as the media would have you believe? –Is a significant correction imminent, and does the “September effect” make it more likely? –The bifurcated market … the shoe may be moving to the other foot. September, bad for stocks? The truth will set you free. The freedom I’m referring to here is the…
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…
Are You Smarter Than A Computer?
The answer is … It depends on who is programing the computer … GIGO (Garbage in/ Garbage out) for Pete’s sake! This is important when considering the daily/weekly gyrations of the stock market.“In the U.S. stock market and many other developed financial markets, about 70-80 percent of overall trading volume is generated through algorithmic trading.”…
Don’t let ’em scare you out of your stocks!
— No question … The market is overextended — Well known investor sentiment surveys are flashing red — Calls for caution become routine — How should you react? — Best advice … maintain the long view … the secular bull continues The market is over extended There is no question about this. During the month…
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,…
“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…