Monday’s action was a yonking of growth and the average stock while the DOW was up. While the DOW was up, the a/d was over 2-1 to the negative. While the DOW was up, new lows outpaced new highs…which is amazing. While the DOW was up, the Russell 2000 was down the equivalent of 200…
A lot to digest this week as underneath the surface, a lot of jello moving on the plate…and it is not in a good way. While the major indices are at or near recent highs: The small caps continue to woefully underperform. This theme has been going on for months. Bearish action can be found…
We have been telling you for a while now that the big bubble is in the bond market…specifically junk bonds. In fact, we are finding bonds that would have yielded 10% just a few short years ago…now yielding 5 %. We just found a bond that we bought yielding 5% a few short years ago,…
We will have a bigger report over the weekend but had a couple of thoughts today. The market trades tight in here. There is a case for churning in where the market trades with no progress…leading to a change of near-term direction. There is also a case for this being the pause that refreshes before…
As I woke up this morning, I turned on the tube and noticed the major network’s first news story was not the 13th anniversary of 9/11. I then noticed the front cover of USA TODAY had no articles on it. I then noticed the WSJ only had the picture with the lights shining at the…
SOURCE: http://davidstockmanscontracorner.com/government-health-care-inc-the-chart-which-explains-it-all/?utm_source=wysija&utm_medium=email&utm_campaign=Mailing+List+AM+Wednesday
SOURCE: http://www.truthrevolt.org/news/watch-major-garrett-asks-white-house-burning-question-america-has-pondered-many-years
Since my inbox is filled with questions on Apple, I will give you my clear, concise and succinct thoughts. I DON’T KNOW. Keep in mind, their new products are not for sale just yet. More now than ever, Apple will have to show that their products are still clamored for. My best uneducated guess is…
SOURCE: http://davidstockmanscontracorner.com/why-illinois-is-bankrupt-6000-teachers-get-pensions-of-100000/?utm_source=wysija&utm_medium=email&utm_campaign=Mailing+List+PM+Monday
