5 hour delay…got to hotel room in NYC at 2 am. Never got to sleep as I had to be up at 530. Was woried about the Seinfeld episode where the wake up alarm did not work. Did a fabulous 2 hours with Maria Bartiromo. Will have a lot to say about markets and Obamacare…
More of the same. Market edges up. Market edges down. But the same areas that have been weighing on the market…continue to weigh on the market. You know the list because the list has been out there for months and months but the one area that continues to gnaw at us is the Transports. The…
Bluebird Bio (BLUE)…very little sales…lost $65 million in past year…does its 3rd secondary offering in past 12 months. Market cap a measly $5.7 billion.
We forgot. We actually forgot to write our market notes yesterday. We would like to say we were in important meetings…or something kept us away from the desk. Nope. We just forgot. Not much has changed. Even with the move out in range for a few major indices, other major indices remain range-bound. The DOW,S&P…
“IMPROVEMENT BUT…” By Gary Kaltbaum-6/22/15 @GaryKaltbaum garyk.com For the hundredth time, the Knicks will win the NBA championship before the fed raises rates. Greece…when a ton of your government spending is for early- retired government workers who make up a large part of total workers, you have no chance. When will they realize the best…
BIOTECHS on breakout here. We have told you this is the most important group to the market right now as it is the RISK ON group. The NASDAQ edges out to all time highs. FINANCIALS continue to have the relative bid. The SEMIS held the 50 day average nicely. Regardless of all the bearish areas…
A few years back, we started the sarcastic, tongue-in-cheek mantra that “they will never raise rates unless the market makes them!” They have not let us down. In spite of pundits continually telling us when rates will go up, in spite of the fed constantly teasing, nothing ever happens. We have not had a rate…
While we are waiting on the fed today to tell us blah blah blah…and while the market continues to just move back and forth in a tight range, we wanted to talk Donald Trump. Besides the fact that we love success stories like Donald Trump, we wanted to address the reaction to the news he…
Hey…we now have a Bush and a Clinton running for Prez. Rumor has it the great great great grandson of John Adams is next! Not much to say today. More yuck yesterday overall. But the good news is there remains a handful of strong cyber-security names, growth semis and a few others but after that……
Even with Wednesday’s pop back to the upside, we are less than thrilled. The problem remains simple. While the major indices are just off highs, there remains too many names and too many sectors in their own private bear phases. Before all the central bank interference, we would be yelling and screaming that this continues…
