“The Sea Was Angry That Day, My Friends” Like An Old Man Trying To Send Back Soup At A Deli” -George Costanza- By Gary Kaltbaum-December 13,[email protected] Fox News Business Contributor We wrote a lot of this report in mid-September but updated it to today. It all remains appropriate as we are now seeing some of the…
Stock Market Overview: U.S. stock futures are relatively quiet this morning which is normal after last week’s steep sell-off. Stocks fell hard last week with 75% of the market in poor shape and only 25% in good shape. Market pundits are waiting to see what will happen on Wednesday with the Fed meeting and post meeting press…
Stock Market Overview: Stocks futures are down sharply ahead of the latest round of economic data. Stocks have been under pressure all week and the sellers remain in control. Today is the last trading day of the week and it will be important to see where the market closes. Oil prices fell to the lowest level…
We will have our award winning, in-depth weekend report for you on Sunday, but in the meantime: This is the place the major indices need to hold as the Dow, S&P and NASDAQ were defended at the 50 day average. The issue is that markets were much higher early in the day. Many growth leaders…
Here is the good news! On a near-term basis, markets are extremely oversold so bounces could be in order. Not sure there is much more in the way of good news because: The DOW was up 200 Wednesday and gave it all back and more. Leading the DOW up early was the worst ares as…
Many of the areas that have been hit hard past couple of days are near-term oversold so suspect some bouncing soon but the big picture has not change. In fact, the diverging narrowness (not sure what that means) worsens. While the Dow was down over 160, while commodities got whipped again…while advance/declines were again horrid…while…
Up 168…down 158…down 252…up 370…down 117 after being down over 200. Welcome to the nonsense. But for us, these recent wild swings are less important than the big picture and that remains the narrowness in the market, that if not broadened out, will eventually come back to haunt the market as it always does. Nothing…
“CONTINUES TO BE LESS THAN MEETS THE EYE!” December 7, 2015 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor Our trusty Abacus tells us that the S&P 500 was up a whopping 1.58 points this past week. If you were asleep for the whole week, you would’ve thought nothing happened. Not true. On Tuesday the…
We would like to put lipstick on this pig but can’t. As we entered today’s action, not much had changed. 65%-plus of the market continued to be bearish while the markets had rallied up. Amazingly over the past few days, new yearly lows were equal to or more than new yearly highs. That tells you…
The European Central Bank cut its deposit rate to a maniacal -0.3%. The cut means banks in effect must pay more for the ECB to hold their money. Futures market s here have given up their earlier huge gains…but don’t blink. As we write this, the German Dax is down 340 points. Ladies and gentlemen,…
