Stocks rallied on Tuesday as the market bounces from deeply oversold levels. Remember stocks have fallen in each of the past 3 weeks and are now bouncing from oversold post brexit levels. Before the open, the government said, the U.S. economy grew at a 1.1% rate in the first quarter of 2016, beating the last…
By Gary Kaltbaum-June 28,2016 We double checked these numbers. They had better be right. After the recent smackdown of markets, we thought it important we sent this out again just to make a point of what all the easy money has brought or bought. We are optimists but we deal in facts first and foremost….
Stocks fell hard on Monday as the post Brexit selling continued from Friday. We have no idea how these rating agencies are still in business (after missing all of 2008) or why anyone listens to them, but stocks sold off after Standard & Poor’s lowered the United Kingdom’s sovereign credit rating from “AAA” to “AA.”…
Market Update: Stock futures are up nicely ahead of Tuesday’s open as the market bounced from oversold levels and investors digest Friday and Monday’s steep sell-off. Gary’s Thoughts: We wrote at the close yesterday: “Put buying spiked indicating heavy fear and bearishness. It is end of quarter as well as pre-holiday. And…the market is about…
If you want to know what happened last week on why most were on the wrong side of the vote, we think the following quote may just be appropo! “There is no such thing as public opinion. There is only published opinion.” – Winston Churchill The following would be our normal report based on normal…
Market Update: Futures are higher ahead of Thursday’s open as investors wait for the outcome of the much anticipated Brexit vote. The United Kingdom will vote in a referendum to decide whether Britain will remain in the European Union (the referendum is known as the “Brexit”). Polls will open at 2 a.m. EDT and close at…
Stocks fell on Wednesday as Yellen wrapped up her testimony on Capitol Hill and investors waited for Thursday’s Brexit vote. Stocks were mostly quiet with a little bounce in health care stocks early in the day on a favorable court ruling. But sellers showed up by the close and erased some of the gains by…
By Gary Kaltbaum- June 22,2016 A few thoughts one having nothing to do with the other: We think the dreaded Brexit is not the big deal pundits are making it out to be. A) We think odds favor the vote will go against leaving. Human psychology does not like change. But to our bleary eyes,…
By Gary Kaltbaum- June 21,2016 We have been talking and writing about the sickening Fed policy that for years, has completely ripped off savers, completely destroyed the riskless income investment, completely forcing these saved dollars into risky income investments and for that matter, into the markets. This morning, Mrs. Bubble was asked by Rep Jeb…
Stocks opened higher on Monday after the latest Brexit poll came out over the weekend and hinted they will stay. But sellers showed up by the close and stocks ended well off their highs. The British Pound (FXB) gapped up on the news. JD.Com ($JD) rallied after Wal-Mart ($WMT) said it would sell its online business to…
