August 26,2015 By Gary Kaltbaum @GaryKaltbaum Garyk.com Fox News Business Contributor After yesterday’s sickening late day drop, we wake up this morning to see the market jacking back up again, pissing everyone off. Everyone who bought yesterday morning were sick by the close. Anybody selling at the close are sick this morning. WE HAVE ABSOLUTELY…
Notable quoteables from Gary Kaltbaum from the past couple of days! Falling asset prices are either telegraphing a recession or will cause the recession. Asset bubbles live off of margin and leverage. The popping of the bubbles and subsequent drops are caused by that same margin and leverage. Tuesday’s late selling was not aunt Mary…
From last night: “Need not elongate this nonsense so tonight, a short report! After 2200 Dow points to the downside in 4 days and 3000 points from the highs, the Dow and the market finally found A low. We do not have to say too much about the outlier open nor the wild intraday swings…
Need not elongate this nonsense so tonight, a short report! After 2200 Dow points to the downside in 4 days and 3000 points from the highs, the Dow and the market finally found A low. We do not have to say too much about the outlier open nor the wild intraday swings as we have…
Have you ever been so happy for the Dow to be down over 400 and Nasdaq down120 points? At the lows this morning, the Dow was down 16% from recent highs and the Nasdaq almost 18%. On top of that, in just days, the Dow had dropped about 2000 points. Those percentages fulfill our 15-20%…
“IT’S NEVER A PROBLEM UNTIL THE MARKET SAYS SO!” By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor Good morning! The title of this morning’s note was the same title we used back in 08…and it fits today. All the negatives that are now bubbling to the surface are only showing up because markets are…
“TOPPING PROCESS LEADS TO BIG MARKET TOP” By Gary Kaltbaum-August 23,2015 @GaryKaltbaum garyk.com “The sea was angry that day, my friends, like an old man trying to send back soup in a deli!” George Costanza Well, it should be more than obvious why we have been urging you to pay attention to the ever narrowing…
Hey, how’s your day? Writing this from Orlando, Florida. Was supposed to be in NYC this morning but after a 6 hour delay and cancellation city, enough was enough. Just letting you know, markets are about as extended to the downside and oversold as they get on a short-term basis…but only on a short term…
Absent a complete 180 by the Fed in where Janet Yellen announces another round of QE (not out of the question), the classic topping process we have been writing to you about all year long looks to be now completing itself as whatever has been holding up the major indices finally have topped. Very simply, commodities…
For 3 years, we have been telling you both sarcastically and seriously, THE FED WILL NEVER RAISE RATES UNTIL THE MARKETS FORCE THEM TO. We have been utterly amazed how every month, pundits continue to predict otherwise. The latest nonsense has been September…September…September…the reading has been the Fed is ready…and now we get yesterday’s nonsense….
