Amazing and poignant story!


Investors Edge – 01/20/2015 Hour 1

Investors Edge – Hour 1

Investors Edge – 01/19/2015 Hour 1

Investors Edge – Hour 1

Lots of jello moving on the plate!

A few thoughts:
The ECB will announce more printing of money in order to buy bonds to keep interest rates down. But interest rates in many corners of Europe are at and in some cases are under 0%. So how would this move help?
The Swiss Central Bank dropped the pegging of the Franc to the Euro. Can you blame them? The ECB is determined to continue to crush their own currency. Sorry…I would not want to commit suicide with them. It is the Swiss that are acting rationally.
My prez is going to announce more of his socialist doctrine tomorrow night by announcing higher taxes and more giveaways.  For the umpteenth time, higher taxes do not affect the rich but do prevent the middle class from becoming rich. See a pattern?
You can blame Bostick for dropping of the onside kick but don’t blame him for trying to catch it.. Many pundits are saying he was supposed to block. Are you telling me a football player should duck when the ball comes right at him and into his hands?
Last week’s market action rates a big wow. Wicked swings culminating with a good Friday…but lots of jello moving on the plate.
Coming into last week, we thought financials were in trouble. Their earning’s reports just put a stamp on the ugly…but near term, felt a little sold out on Friday.
Let’s add housing into the trouble column off of bad earning’s reactions. The group was trying to emerge.
We remain bearish on a long list of areas. To review:
Oil & Gas
Big Banks
Regional Banks
High yield bonds
The Euro and Yen
Emerging markets
EAFE index
We show the list this way to accentuate how many areas are suspect.
On the good side, things are starting to get defensive as the market is buying defensive in areas such as:
Muni Bonds
Managed Care
Drug Stores
Retail-Home Improvement
Gold and Silver continue to emerge.
Leading Biotech remains in good shape but getting a little more mixed as a few names go bye bye. Same for semiconductors.
As far as the major indices, all held support on Friday as they came down to December lows before rallying. It is vital these levels hold going forward. Those levels are:
Dow 17,265 and then 17,067
S&P 1988 and then 1972
Nasdaq 4563 and then 4547
Ndx 4078
Trans 8581
Lastly, a ton of earnings coming out the next few weeks. Pay attention!

Michael Moore is an assclown!

I wonder…has Michael Moore ever put his life on the line for this country?



Investors Edge – 01/16/2015 Hour 1

Investors Edge – Hour 1

Investors Edge – 01/15/2015 Hour 1

Investors Edge – Hour 1

Costanza says:

“The sea was angry that day my friends – like an old man trying to send back soup in a deli.”

Thus the markets.

We have told you for years that at the end of the road of central bank maniacal money printing and constant interference would be distorted price and yield all over the place…which eventually would have to be unwound because very simply, markets in the long run, want to be unfettered…not rigged and controlled by a few ex-tenured professors that press buttons and print trillions. Maybe…maybe not but we are seeing outlier moves in currencies, commodities and yields. …a bib hmmmm!

Today, finally, someone fought back as the Swiss National Bank shot the middle finger up at the ECB and said have a nice life. As you now, the ECB is now going to follow Mr. Bubble Bernanke into the abyss of printing…damn the repercussions. The euro is being murdered and looks headed towards parity with the dollar.

We gave you out support levels yesterday and looks like there is a real chance they get taken out. We were hoping it would not happen just yet. The nasdaq and nasdaq 100 are already there. Any leadership and any breakouts are starting to fail…and that’s not good news. On top of that, strength can be found in food, utilities, reits, gold and some other defensive areas. Yippee.

As we told you, financials continue to be klonked…and that’s also bad news. We told you coming into this week the group was in trouble.

As far as oils, we thought there was a chance of a needed bounce and with the big bounce this morning, it had a chance but when the euro cracked again, party!

We now suspect the next fed move will not be a raising of rates but believe it or not, watch for the rumblings of QE4 as they have put themselves in on big giant box with no real way out.

We suspect the next few days will be muy importante as the two-way trade has been held back by central banks.  Be alert!

Knicks are now 5-36 as they could not even win on the other side of the pond.



We told you to watch the financials!

On Monday, we told you to watch financials as they were gagging. The gagging continued as JP Morgan numbers were not so thrilling. Their action led the market down. There are now more cards coming out of the financial deck in the days ahead but so far, yuck!
As far as the market, what can you say about the see-saw nausea we have seen this week? Just leave no doubt it is getting tougher as the indices trade in a wide range with gaps and reversals both ways.
But underneath the surface, things have deteriorated more but not to the point where the majors have broken recent support. With Wednesday’s late bounce, we think they hold for this second but just in case, here are those levels to watch:
Dow  17262 and then 17067.
S&P  1988 and then 1972.
NASDAQ 4547.
A break below those levels will make a deteriorating market much worse.
One last note: We have been bearish on energy for the past 6 months. Near term, we think there is a chance a bounce about to occur. We have no clue how tradable it will be but this area is about as oversold a group as we have seen in a long time.


Investors Edge – 01/14/2015 Hour 1

Investors Edge – Hour 1