PRE MARKET

FB up strong on 8% earnings growth but beat the lowered estimates.

AAPL hardly beat lowered estimates on a 5% sales drop.

That’s just two stand outs. There are others.

Never ever ever ever ever underestimate the Fed.

The market turned on our fed turning. China adding. Japan still printing with negative rates. Europe still negative rates with talk of adding more QE. ..and on and on and on.

Most importantly, everything held the 50 day average in the past few days as Bernanke (Jay Powell) blah blah blah easy money yesterday.

FB, MLNX, UPS, MA, NOW, WYNN gapping up.

MSFT, V, DWDP in the DOW gapping down.  TSLA, CRUS, RTN gapping down. And still a ton of earnings to come.

 

GOLD…AND SILVER

GOLD is on the move as it broke above some more resistance. GOLD STOCKS are doing the same with a few names at new yearly highs. Normally, we would tell you this is because a weak dollar. While the dollar has been down, it has not been down much. To be watched. Silver also participating.

EARNINGS AND MORE EARNINGS

BOEING (BA), is up $22-$23 on strong sandbagged numbers. That will be good for 150 Dow points, give or take…and if nothing changes by the open.

APPLE (AAPL) is up $8 from yesterday’s close. These were not growth stock numbers as sales were down…and look no better for the coming quarter.

ANTHEM (ANTM) up a juicy $19 in the MANAGED CARE space.

AMD misses, guides down…but then says rest of year better. The stock is up 9%. So you miss…you guide down but then are supposed to be believed you will get the rest of the year correct?

A few blow-ups in ALGN, AMGN, ILMN, COHR, SLAB, MKSI, JNPR.

Of note from yesterday…both PHM and WHR in the HOUSING and HOUSING-RELATED area open down nicely and reverse with WHR up strong. This is to be watched as rates have come down and the Fed doing a 180. Also, duh…as we told you would happen, Draghi, ye of the ECB now says they could do more QE if necessary. This after claiming they would stop and tighten. Remember who there people are.

Powell today…blah blah blah data dependent blah blah blah we have necessary tools blah blah blah markets better blah blah blah incoming data…blah blah blah.

 

 

RADIO SHOW JANUARY 29

SOURCE: http://archives.warpradio.com/btr/investorsedge/012918.mp3

PRE MARKET/EASY MONEY

Yesterday…not so good…but not the end of the world. It is somewhat normal to get choppy in this environment as earnings moving the jello on the plate. CAT and NVDA not so good. After futures were weak overnight, we get a little of this:

“ECB open to resuming quantitative easing if needed!” That line comes from ECB Central Bank easy money nut job Mario Draghi. It’s not enough interest rates are a -.4%. It’s not enough they have already printed trillions. As we have told you, this experiment is never going to end until adults start running the show or the market sticks a certain finger back at them.

Futures up a wee bit now. MMM up $5 helping. Of course, the White House is yapping how the trade talks will go swimmingly even though we just charged Huawei with a bunch of stuff.

PRE MARKET BLOW UPS

Instead of a long, drawn out note this morning:

CATERPILLAR (CAT) missed by a mile and is down a large $9. It’s not the news. It’s how things react to the news.

NVIDIA (NVDA) just lowered numbers markedly showing down a whopping $23. It’s not the news. It’s how things react to the news.

In past weeks, what we believed to be poor earnings were mostly bought up. Not today. It is only two names but may we say an important two names. NVIDIA is an important SEMICONDUCTOR name. This important group was very strong the past couple of days. Not sure we need to tell you how important CATERPILLAR is.

Stay tuned. Much more to come from the earnings roulette game.

SOCIALISM

-SINCE SO MANY SOCIALISTS ARE COMING OUT OF THE WOODWORK, OUR UPDATED THOUGHTS!-

-Socialism…Socialism is not funny. Socialism is not to be applauded. Socialists are selling you a scam. Socialists are selling you a con. Socialists are selling you a lie. The scam, the con, the lie is that everything is rigged, everything is being stolen from you, that all wealth is being re-distributed to the wealthy and nobody can get ahead because of all this.-

-The fact is the biggest redistribution of wealth is not TO THE wealthy but FROM the wealthy to government. Most of the wealthy earn their money. It’s called education! It’s called hard work! It’s called time! It’s called sweat! It’s called toil! It’s called risk taking! It’s called failure! It’s called success! It’s called long days and long nights! It’s called risk capital! It’s called growing! It’s called hiring! It’s called creating jobs! It’s called creating wealth. Socialists know nothing of this because socialism has never created $1 of wealth. Socialism has never created one job. Socialists and socialism have been living off the largesse of the taxpayer since the day socialism was born. Socialists are great at whining, complaining and pissing all over those who have created all the wealth and jobs.-

-It’s the person who came up with the restaurant concept named Chipotle and started with one and turned it into over 1800 restaurants creating billions of wealth and thousands of jobs.-

-It’s Arthur Blank and Bernard Marcus who were fired from their jobs who started Home Depot along with Ken Langone, leading to almost 2,300 stores doing $100 billion of sales, creating billions of wealth  and 400,000 employees.-

-It is Mark Zuckerberg who had an idea to get dates in college which started Facebook, creating billions of wealth and thousands of jobs.-

-It’s Michael Dell who started selling computers in a garage and then created billions of wealth and thousands of jobs.-

-It’s Charles Schwab who saw prices could get lower on Wall Street and created billions of wealth and thousands of jobs.-

-It’s Sam Walton who started with one store. Over the years, turning into a retail goliath with 2.3 million employees and $500 billion of sales, single-handedly bringing down the rate of inflation with their lower prices.-

-It’s Bill Gates who now has given tens of billions to philanthropy.-

-This list of great success can go on and on and on.-

-None of these people had anything re-distributed to them. THEY EARNED EVERY DIME! People like Sanders, Ocasio, Warren and the rest do not want you to know any of this.-

-They could not tell you any of this because they will never be able to sell their lie. They cannot ever compliment these people because it does not fit the template. In fact, they spend most of their time pissing all over these people. Again, the amazing part of all this is that the only re-distribution that is really going on is not to the wealthy but from the wealthy to the Bernie Sanders-types as government spending continues to skyrocket yet they want more and more. And for what? Just what are we getting for the money?-

-And how about Wall Street? According to socialists, it is the land of evil, land of devils, land of crooks who are out to just rip you off. Well…when Bernie Sanders was born, the Dow was at 127. Yes…127! Wall Street and the markets have created trillions of wealth and millions of jobs. Wall Street has turned secretaries into millionaires…millionaires into billionaires and so on. Wall Street and the markets have spawned companies like Microsoft, Amgen, Facebook and all the amazing companies that have improved our lives through modern technology, through new medicines and great inventions.-

-With Sanders, Ocasio, Warren and the rest wanting to confiscate more and more of this country’s wealth, let us remind you of some important facts on this nightmare called socialism:-

-Socialists are only socialists with other people’s money. They are quite the capitalists with their own money. Sanders worth millions flying private jets. Warren now wanting asset forfeiture while now worth millions after lying about her heritage to move up in life. Do we even have to mention Chavez’ family worth billions?-

-Socialism cannot even turn on the lights without the money from capitalism. Socialism creates nothing. Socialism has no profit motive. Socialism just takes from one and promises to give to another.  It only acts as a Hoover vacuum sucking up everything in sight.-

-On that note,  socialism never pays out $1 for $1. Give a socialist $1. Before it flows down, just take 80 cents off to pay for the commission on the commission for the committee for the other committee to the contractor who is the nephew of the socialist.-

-Have you noticed it is now “democratic socialism?” Yup, the marketing wasn’t working with just “socialism” so throw in the word “democratic” to make it sound better. There is nothing democratic about socialism.-

-There are blatant examples in plain sight of what socialism does. Currently, we have seen the utter destruction of a once great country called Venezuela because of all the money and business being sucked away by the few. We quote Bernie from 7 years ago: ” the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina.-

-Socialists have typically never run a lemonade stand but will do their very best to convince that they should be running major swaths of the economy.-

-Socialists and socialism hate the successful and the wealthy. They have no use for them because the successful and the wealthy have no need for socialism and socialists.-

-The national media takes the side of socialists. You don’t believe us? Just watch. Don’t ask us why this occurs. We have no clue.-

-Socialists tell you everything will be free. We will let that statement stand alone.-

-Higher taxes do not affect the already wealthy but they prevent others from becoming wealthy as the more you move up in life, the more they try and confiscate.-

-Socialists lie, lie and lie more. The latest joke is that we will all die in 12 years if we do not pay up to stop climate change. Notice the media not making fun of this farce. They also tell us things were just fine when rates were 70%+. They do not mention what the economy has done since rates came way down. It exploded to the upside.-

-When socialism overtakes capitalism, you get Venezuela of 5 years ago. When capitalism is all gone, you get the Venezuela of today.-

-Socialists are just plain dumb. Guess what every wealthy person is now doing and going to do because of Warren calling for a asset forfeiture while the rest are calling for 70%, up to 90% tax rates? They are already planning in advance. There’s going to be a lot of new building in the Bahamas and Bermuda.-

-Just ask yourself some logical questions.  Why haven’t we seen any caravans heading for Venezuela? Why have more than 3 million people left Venezuela?-

-We really can go on and on. These people really do not believe you have earned your money. They really do believe wealth is evil. They really do believe it is their life’s calling to confiscate as much as they can to take you down a few notches. They are very loud and vociferous but their numbers never add up. They tell you all that dough will help others but they have never helped anyone. Once they get started, they never stop.   The Millennials who believe do not know it yet but it is them who will be affected the most negatively. If they have their way, just try becoming wealthy!-