Markets

My staff and I want to wish each and every one of you a happy, healthy and safe Thanksgiving. Think about doing something for someone you need absolutely nothing from. Gary Kaltbaum

In this holiday week, consider doing something for someone you need absolutely nothing from. We just wanted to repeat what we wrote to you this weekend…and that is, in a nutshell, narrow markets are much more easily sold off than markets with strong representation. It is vital during these times that you stay as SECTOR…

 “WE HEAD INTO THE HOLIDAYS” We would like to wish each and every one of you a safe, happy and healthy Thanksgiving holiday. Tidbits: Amazon and Google (we cannot call it Alphabet) have added approximately 460 points to the Nasdaq 100 this year. The index itself has gained about 420 points. If not for these…

We are seeing another terror attack in Mali in where  124 guests and 13 staff are being held hostage. The terrorists yelled Allahu Akbar. Futures are up on ECB’s Draghi announcing more printing of money. (($15-20 trillion not enough!) On top of that, Nike announces a massive buyback (will account for 40 dow points) though…

Don’t forget Defense stocks ripping to the upside off of France and Russia on the attack. Markets love a good war!

Getting dizzy yet? Can’t blame you. One week, market acting like it will crash. Next week, acts like this week. Just keep your wits about you. Many of the major indices remain locked in ranges going back quite a long time. This occurs because more than half the market remains yuck while the rest act…

Today is the 13th annual (maybe 14th) Kaltbaum Family Blessings Banquet. Every year, we sponsor a Thanksgiving dinner in where over 400 youngsters from Central Florida who otherwise would not have a Thanksgiving  dinner, get served by us. There will be lots of food, lots more food, magicians, characters from Universal and other surprises. If…

The near-term oversold condition we wrote about yesterday has started to play itself out as just about everything rallies up after last week’s yonking. The good news is that into the holiday season, there is a chance a higher low gets put in. The bad news is that there remains the clear lack of leadership…

“MORE “NO SALES” BIOTECH CARNAGE” By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor We have written to you on several occasions about the impending disaster in the biotech space. It was a simple thought process. The wonderful human beings at the investment banks had done it again. Back in 99, they brought anything public…