OK…we won’t. We’ll just let a 584 point-2 day yonking this week speak for itself. Not saying we are not just going lower but after 584 points down in 2 days after the first big bounce off lows, time to kick back again and see how things play out. Just remember, every day market stays…
” WE REPEAT! BEWARE! THIS AIN’T OUT OF THE WOODS” By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor We told you yesterday to beware. Major tops in the markets around the globe do not normally end after a few days down…albeit a big few days. Yesterday was kinda gross and now this morning, yonk!…
SOURCE: http://www.nytimes.com/2015/08/30/business/sec-settlement-with-citigroup-holds-no-one-responsible.html?smprod=nytcore-ipad&smid=nytcore-ipad-share
By Gary Kaltbaum @GaryKaltbaum GaryK.com Fox News Business Contributor A few thoughts in and out of the market: The Mets are 5.5 games ahead with just 32 games left to play. We can finally watch baseball into the end of the season. The national media has been mostly silent on this but insurers just won huge…
“THE SIGH OF RELIEF” By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor (From yesterday 3:10 pm) “Notwithstanding another end-of day meltdown (it had better not), we would suggest that the most stretched, extended and oversold condition we have seen since 1987 is now going to start to work off the most stretched, extended and…
August 26,2015 3:10 pm They teased another nauseating reversal early on but: Notwithstanding another end-of day meltdown (it had better not), we would suggest that the most stretched, extended and oversold condition we have seen since 1987 is now going to start to work off the most stretched, extended and oversold condition we have seen…
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…
