Stock Market Overview: Futures are higher ahead of Thursday’s open as investors digest another volatile week on Wall Street. Stocks were quiet on Monday but rallied hard on Tuesday only to fall hard on Wednesday. The bulls are doing their best to defend the all-important 50 DMA line. Gary’s Thoughts: After 200 up and 200 down,…
Fossil Group, Inc $FOSL Nordstrom Inc: $JWN Macy’s Inc. $M
SOURCE: https://www.foxnews.com/sports/2016/05/11/brazilian-soccer-star-urges-tourists-to-skip-rio-olympics.html
Is Trump’s tax plan giving mixed messages? May. 10, 2016 – 8:41 – Kaltbaum Capital Management’s Gary Kaltbaum, Capitalist Pig Asset Management’s Jonathan Hoenig and The Heritage Foundation’s Steve Moore weigh in on Donald Trump’s tax plan. Watch It Here: https://video.foxbusiness.com/v/4887205131001/is-trumps-tax-plan-giving-mixed-messages/?#sp=show-clips
SOURCE: https://www.washingtonpost.com/local/public-safety/us-will-not-seek-death-penalty-for-accused-ringleader-in-benghazi-attacks/2016/05/10/a84654f4-16dd-11e6-aa55-670cabef46e0_story.html
SOURCE: http://www.dailymail.co.uk/news/article-3581820/US-prosecutors-say-theyve-shut-fake-psychic-scam.html
We were sent the following study on smart phones. We disagree. We think it is much worse. Have you been in an elevator recently? Almost everyone is looking down at their phones or texting. Just check out the drivers on your highways. We have actually taken the time to check out other cars. We cannot…
Stock Market Overview: Futures are lower ahead of Wednesday’s open after the bulls showed up over the past few days and defended the all-important 50 DMA line… for now. Gary’s Thoughts: The government crushed Office Depot and Staples’ shareholders as they are worried about a monopoly in office supplies. Really? That office supply business would be a…
Random thoughts: If things were turned around and it was Bernie Sanders that had all the super delegates but in recent weeks, Hillary Clinton was winning a ton of states, what do you think the media would be saying about the process in the Democratic primary? Rigged? Unfair? Skewed? Maybe we are nuts. Just seems…
Stocks rallied nicely on Tuesday after the bulls showed up and defended the 50 DMA line for many important areas of the market including the benchmark S&P 500 and Dow Jones Industrial Average. Overnight, stocks rallied after Japan said it will intervene in the currency market if the “one-sided” yen continues to rally. Japan’s Finance…
