We are seeing more and more signs of trouble as we move forward. As you know, we continue to be worried about the many characteristics of market tops that have been showing up for months. Just to refresh: A massive amount of leverage and margin are now in the system. When have we seen this…
We will have the long version over the weekend…but let’s just say Thursday was a yonking…simple as that. You already know what we have been saying for months…the divergences, the lack of new highs and all that crap. Things just worsened. But before everyone gets all out of sorts, not much has changed. Just that…
It is early in the day but ugly does not describe today’s action. Screens are beet red…and one thing really starting to stand out. It is the mauling of the high-yield, junk bond arena. We have yapped forever here at this area as the most mis-priced and distorted market brought to you by Mr. Bubble…
Yesterday, we told you that the non-existent, end-of-quarter, illegal window dressing period would start. Dang…that was a good start. But not much has changed. The worst areas remain worst…the best areas remain best with one little change. It seems the BIOTECHS are ready for another leg up as many ramped and romped on Wednesday. The…
Regardless of everything said and written here, don’t forget it is end of quarter. At the end of a quarter, market players are not supposed to window dress…meaning they are not supposed to pump things up by buying a crapload of stocks they already own in order to have end of quarter statements look better….
The internals continue to deteriorate…but you already knew that’s what was going on. Everything we told you that was going on…is now worsening as the small caps lead down and the large caps start to come in. Amazingly, the Russell 2000 is now below the 200 day moving average with the Dow and S&P just…
Alibaba has sales of $8.5 billion and has a $231 billion market cap. Just above its market cap is Chevron with a $236 billion market cap…but has $226 billion in sales. Next up, Wal Mart with a $245 billion market cap…with a whopping $480 billion in sales. But don’t worry. The Fed says there is…
As usual Shepherd Smith nails it! SOURCE: http://newsbusters.org/blogs/tom-blumer/2014/09/19/shepard-smith-josh-earnest-admins-anti-isil-coalition-claims-something
Today is the much anticipated IPO for Alibaba Group. I will be sharing my thoughts on its debut with Gerri Willis on the FOX Business Network today between 5 and 6 PM ET. Brian Balsanek was kind enough to share this article from IBD. I’ve posted it below to share a little insight on the…
