“THE CONGRESSIONAL BULL—- OFFICE” By Gary Kaltbaum- March 13,2017 We are getting inundated with emails from our peeps asking about the CBO (Congressional Budget Office) and what they are going to say about Trumpcare. Frankly, we are not thrilled with this new piece of legislation as a mandate is a mandate is a mandate…regardless…
Futures flattish. Mobileye bought by Intel. Oversold COMMODITIES bouncing up early. Other than that, very quiet. Big snowstorm in the Northeast. Looking for big blizzard in NYC. Stay safe. Here’s to hoping if it is bad, they shut the market so no one has to travel…but powers that be are insane. Good luck all. Err…
Not much has changed. In fact, we can simply be repetitive with this report. Continue with large caps over small caps. One glance at the Russell 200 versus the DOW, S&P, NASDAQ shows you why. Continue to avoid ENERGY as it goes deeper into correction. Continue to avoid most RETAIL…horror show! Continue to avoid most…
SOURCE: https://www.wsj.com/articles/corporate-insiders-havent-been-this-uninterested-in-buying-stocks-since-ronald-reagan-was-president-1489055409
SOURCE: https://archives.warpradio.com/btr/investorsedge/031018.mp3
What great marketing! Free water…put into a bottle and we buy it even though it is free…and we hear 783 million people do not have access to clean water. SOURCE: https://www.wsj.com/articles/soda-loses-its-u-s-crown-americans-now-drink-more-bottled-water-1489082500
SOURCE: https://www.zerohedge.com/news/2017-03-09/defiant-iran-test-fires-naval-ballistic-missile
Futures up nicely this morning. Markets have been tailing off recently but in minor league fashion as the 21 day has contained any drop. Of course, small caps are a lot worse as the Russell has broken below the 50 day as well as Transports. But until the big guys break, don’t sweat it…just know…
SOURCE: https://archives.warpradio.com/btr/investorsedge/030918.mp3
