Last night, our last words were: “We suspect the indices will show their hand soon enough.” As we write this, the Dow has a nice 270 gap to the downside. Amazingly, 6 Dow stocks are gapping down on yuck numbers. They are MSFT,CAT,MMM,PG,DD,UTX. As you know, reactions to earnings are quite important to our work….
As we move into massive earnings and another fed week where they will say blah blah blah, maybe maybe maybe…markets remain range bound but possibly a couple of changes occurring. We have been negative on gaming for almost a year. The group has hardly teased a change in trend. Earnings are coming out this week…
As we enter the meat of earning’s season, as the ECB continuing to crush their own currency and even with the strong week, the motto is simply “not much has changed!” The tape continues to remain split. The tape continues to be close to a 50-50 market in where bull and bear markets lie side…
Markets have been rangebound for a decent amount of time. They remain rangebound but yesterday’s action took indices above the mid-point of that range with some areas breaking out. Let’s hope this is a precursor. The ECB gets the credit as they are now going with another $1 trillion-plus of printing money and buying bonds…even…
SOURCE: http://www.dailymail.co.uk/news/article-2920816/White-House-aide-says-Obama-steamroll-Democrats-Congress-split-White-House-Cuba-Iran-energy-trade-just-DAY-combative-State-Union.html
Raise taxes on producers. Give to government. Government takes their tribute. Government doles out a wee bit. Yup…that’s going to help. I can be long-winded and sarcastic but that puts it in a nutshell. And oh yeah…we must fight global warming. I mean climate change. THE GOOD NEWS! The Republicons are now in power so…
SOURCE: http://www.dailymail.co.uk/news/article-2919975/I-life-Poignant-moment-Holocaust-survivor-salutes-American-soldier-liberated-Nazi-concentration-camp-hell-emotional-reunion-70-years.html
A few thoughts: The ECB will announce more printing of money in order to buy bonds to keep interest rates down. But interest rates in many corners of Europe are at and in some cases are under 0%. So how would this move help? The Swiss Central Bank dropped the pegging of the Franc to…
I wonder…has Michael Moore ever put his life on the line for this country? Source: http://www.dailymail.co.uk/news/article-2916171/They-cowards-not-heroes-Michael-Moore-slams-military-assassins-Oscar-tipped-movie-American-Sniper-hits-theaters.html
“The sea was angry that day my friends – like an old man trying to send back soup in a deli.” Thus the markets. We have told you for years that at the end of the road of central bank maniacal money printing and constant interference would be distorted price and yield all over the place…which…
