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,…
“SO WHAT CHANGED” By Gary Kaltbaum December 3, 2015 garyk.com @GaryKaltbaum Fox News Business Contributor So let’s presume Janet Yellen makes the gargantuan move of taking the fed funds rates from 0-1/4% to 1/4%. When we wake up the next day: We will still be at 1/4% fed funds. We will still have printed…
Monday sells off during market hours. Tuesday gaps up getting back all of Monday’s losses. Wednesday sells off during market hours. Thursday gaps up getting back all of Wednesday’s losses. See a pattern? Yesterday, Yellen blah blah blah! Today… Europe will again maniacally ease with lower rates and more printing of money. There is your…
Today’s title is the opposite of yesterday’s title. This is just more of the same. What’s bad remains bad and what’s good remains good. When the market goes up, the good leads and the bad bounces a wee bit. When the market goes down, the bad gets yonked and the good mostly sit. Of note:…
Good start to what we are told is supposed to be a good month. We have been told there has been only 5 down Decembers since 1988…so away we go. The same names and the same areas had a good day as the worst areas bounced. We make note of the SOX moving above resistance…
We have been stating forever, both seriously and sarcastically, that the Fed would never raise rates. They have not let us down as they keep changing the bar and teasing away. Of course, this is all based on them being “data dependant” which simply means they have no clue what is going on but will…
Just saying. In case you are bearish for December…careful. Of course,anything is possible. It took 6 1/2 hours to be down what we were down yesterday. It took the first minute of futures opening yesterday to get it all back. Short anyone? Futures up nicely this morning as we head into December. No changes from…
Earnings stink…sales stink…debt exploding…commodities in a deflationary spiral…central banks print 15-20 trillion…0% rates everywhere…negative rates in many places…Europe about to ease again…China intervenes on every down day…the Giants stink…my pinched nerve in my neck hurts…the nutjobs are out telling us global warming…we mean climate change is the biggest threat to the world. All’s well! As…
