But President Obama tells us he has done a wonderful job with the debt!
SOURCE: http://www.washingtontimes.com/news/2015/nov/1/obama-presidency-to-end-with-20-trillion-national-/
If we were only watching:
If we were only watching the small caps, the mid caps, the NYSE, the Transports and the many areas not thrilling like retail, like restaurants, like housing…we would not think too much of the recent rally. But since everyone concentrates on the Dow, S&P, Nasdaq and Ndx, everyone is thrilled. We just want to tell…
Anatomy of a top revisited – Valeant Pharmaceuticals $VRX
More bad news continues to come out from the Valeant Pharmaceuticals (VRX) story. We have no idea how this ends up but the writing has been on the wall for months for the stock. Due to popular demand here is another look at Gary’s article from last week, promptly titled, “Anatomy of a top.” Originally Published on…
Time for the Mets to wake up!
Alright boys…time to wake up those bats as we head to Citifield. We will have our usual award winning, in-depth, over-the-top weekend report to you on Sunday. Do not miss it. Lots of jello moving on the plate as housing tops, retail stinks, biotech blah, commodities still aint happening and small/midcaps continue to underperform but…
The Lemmings still believing!
“Fed keeps December hike in play!” “Fed hints December hike is in play after all!” “Officials stand pat on the rates but tone down global market worries!” After months and months of teasing, amazingly pundits are still taking the bait that the Fed is going to raise rates. How many more times will they fall…
Before The Fed…
There is not much to say heading into the Fed announcement so we won’t say much. What we will say is that the transports are already acting horribly and the small caps/mid caps continue to woefully under perform. We will be back to you after the maniacal fed does their blah blah blah
Hey Charlie Rose…90% tax rates are radical! You go pay Bernie 90% of your earnings!
SOURCE: http://newsbusters.org/blogs/nb/scott-whitlock/2015/10/27/charlie-rose-socialist-bernie-sanders-your-ideas-are-not-radical
Narrower already?
A few thoughts: Before the market topped out, the average stock was heading south before the indices. It is early but already “feeling” a little of that right now. Seeing and feeling the “nifty-fifty market we experienced before the top. Google and Amazon both had strong gaps that were sold into on Friday but bought…
Weekend market report!
By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor The first number is earnings. The second number is sales. The fundamental side! EBAY…-7,-2…the stock gaps up and continues. COKE…-4,-5…the stock rallies. MMM…+4,-5…$6 gain on the news…and they warned going forward. CATERPILLAR…-55,-19…the stock reverses up. Yes…that was -55 and -19. INTEL…-3,-1…reverses up and continues up. JPMORGAN…-19,-6…initially…
GOVERNMENT RUN MARKETS WORKING OVERTIME AGAIN
“THE GRM (GOVERNMENT RUN MARKETS) WORKING OVERTIME AGAIN” By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor We will be repeating a lot of this in our award-winning weekend report. We are not a believer in giving out time frames and targets because no one really knows where markets are going to go down the…