Gap up yesterday…gap down today…with markets remaining…yes, hate the word…range-bound! It ‘s not our fault. We have nothing to do with it. When things change, we will let you know. Eventually, the major indices will show their hand but with half the market fighting against the other half, it is tough to make hay. Maybe…
We get accused of being too negative every now and then. We get it. Our commentary on Washington DC as well as central banks would lead one to believe that. But when it comes to the markets, regardless of how we feel about the apparent negatives outside of the market, we believe the markets rule…
Another semiconductor buyout! Another day of sitting. More rumors of other buyouts. Yippee! To be brief today: Major indices remain in range with half the market still blah and the other half in gear. Transports finally had a decent bounce on Monday but that’s all it is so far. We still worry about the one-sided…
We are less than thrilled at what we are seeing here. End of quarter today not so good. 50% of the market is already bearish…which makes us watch the other 50% closely. When markets are at or near highs, a 50% number is more than subpar…telling us fewer and fewer soldiers are going up the…
TEVA buys ASPX for $3.2 billion in cash. ASPX has no sales. That’s not to say that they wont have sales going forward. Just remember what we told you. The biggest bubble by far is the bond markets around the globe. $14 trillion will do damage. After that, it is the massive number of NO…
We wrote this traveling from airport to airport yesterday. We added a few things this morning. After a nauseating week, a little relief because of 3 things occurring late in the week. The all-important biotechs were slammed down to the 50 day where a rumored buyout in the group stanched the group’s bleeding. It will…
Lots of travel this weekend so have lots of notes… After a nauseating week, a little relief because of 3 things occurring late in the week. The all-important biotechs were slammed down to the 50 day where a rumored buyout in the group stanched the group’s bleeding. It will be vital the 50 day holds…
Nice 12 hours to get from Florida to Tucson yesterday leaving us in no mood to write. We will have a full report over the weekend on this week’s nausea. Yesterday is what we call non-descript anyhow. Have a great weekend…and don’t forget…we told you Kentucky could beat a few NBA teams.
Like clockwork. They refuse to let the market correct. Source:http://www.ft.com/intl/cms/s/0/e76c5034-d3c7-11e4-a9d3-00144feab7de.html?ftcamp=published_links%2Frss%2Fworld%2Ffeed%2F%2Fproduct&siteedition=intl#axzz3VC0aWXt3
Not kidding! It has been our contention all along that the last thing Janet would do is raise rates and if the markets got in any trouble or the economy starts to slip, some sort of QE4 would be right around the corner. Well…first off, the economy is slipping. We have always thought that an…
