Markets

We thought a good correction could happen some time in the first quarter or so. We did not know it would happen in 5 trading days. But this is what you get when you have massive leverage (margin) that gets unwound as greed turns into fear quickly. This is what happens when the markets decide…

We always write to you more during bear phases as bull phases have everyone involved but bear phases have most fighting them. We are already hearing everything is just fine. We are already hearing this is no big deal. We are already hearing it is just a blip. We are already hearing the economy supports…

Just some words of advice as futures are down off of last week’s ugly: No one knows how this plays out. We don’t know but we can take away a few things from last week and the overall scenario. We have not had a correction since the election. This is the most worrisome part of…

For weeks, we have been telling you how sentiment was too bullish. (contrary indicator) Some of our indicators took us as far back to 87 to see so much bullishness. For weeks, we have told you how frothy and speculative markets had become. (bitcoin) For weeks, we have been telling you that the one-sided trade…

SOURCE: https://www.wsj.com/articles/u-s-oil-production-tops-10-million-barrels-a-day-for-first-time-since-1970-1517429674

-By Gary Kaltbaum- February 1, 2018- -As one of the loudest, bearish voices on all things bitcoin, ripple and all that crap, we are very surprised but are very happy how quickly the air has come out of this ass-et. We simply stated we did not know how long the move would last or how far…

It’s early but 26,000 Dow kicked the bears in the teeth. Amazing if it ends up just a 600 point correction for now. Was hoping for 5%-plus just to clean out but aint happening yet. Financials led market up on higher long rates. See you at the close. Big earnings after.