Just wanted to reiterate something we said this morning in the report. On a short term basis: “Markets are now beyond oversold and stretched to the downside on a near-term basis. We suspect any day now to see some vicious rallying/bouncing but that will not change the big picture. Keep in mind, in bear markets, oversold can get…
“IT’S A FREAKING BEAR MARKET! PART 2! By Gary Kaltbaum-January 7,2015 garyk.com @GaryKaltbaum Fox News Business Contributor We disagree with the many who are saying this morning that this is just a correction in a bull market. We disagree with the many who said this all started this week. We disagree with the many that…
By Gary Kaltbaum January 6, 2015 It is not even 10 am and we are already receiving a bunch of emails asking us if this early action tells us we will stabalize soon. Really? It’s not even 10 am. This is why we use the terms “trees” and “forests.” The trees are the short term…
“IT’S A FREAKING BEAR MARKET!” January 6,2015 By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor It’s a freaking bear market. Get used to it. In bear markets, surprises happen to the downside. In bear markets, bad news is no longer ignored. We have told you on radio, on tv and right here in recent…
SOURCE: http://asia.nikkei.com/Business/Trends/Parts-makers-brace-for-iPhone-production-cut
Source: http://www.bloomberg.com/news/articles/2016-01-05/china-said-to-intervene-in-stock-market-after-590-billion-rout
We read somewhere the Atlanta Fed cut its GDP forecast for Q4 to 0.7%…which is a big drop from Q3. That means Yellen raised rates into a real slowdown. The Fed waited years to raise rates and they do it while commodities crash, China slumps, markets are in trouble and GDP is cut. Thrilling! Short…
Stock Market Overview: U.S. stock futures are down again as the world digests Monday’s sharp world-wide sell-off. Economic data is relatively thin today with the focus being on motor vehicle sales. Gary has expressed caution and has been telling you about how the market has been getting weaker not stronger over much of 2015. Leadership continues to…
“OY VEY!” By Gary Kaltbaum January 4, 2016 @GaryKaltbaum garyk.com Fox News Business Contributor When you arrest people because they are negative on the market…when you tell people not to sell…when you tell people they can’t sell…when you do everything possible to set conditions so no one sells…they sell. THAT’S CHINA FOR YOU. We have…
Stock Market Overview: U.S. stock futures are down sharply this morning dragged lower by a new round of selling in Asia. The selling began in China when their stock market plunged over 7% and triggered new circuit breakers that were put in place today. The new measures were announced after last summer’s steep decline. Monday marks…
