Newsletter

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…

My staff and I want to wish each and every one of you a happy, healthy and safe Thanksgiving. Think about doing something for someone you need absolutely nothing from. Gary Kaltbaum

In this holiday week, consider doing something for someone you need absolutely nothing from. We just wanted to repeat what we wrote to you this weekend…and that is, in a nutshell, narrow markets are much more easily sold off than markets with strong representation. It is vital during these times that you stay as SECTOR…

 “WE HEAD INTO THE HOLIDAYS” We would like to wish each and every one of you a safe, happy and healthy Thanksgiving holiday. Tidbits: Amazon and Google (we cannot call it Alphabet) have added approximately 460 points to the Nasdaq 100 this year. The index itself has gained about 420 points. If not for these…

We are seeing another terror attack in Mali in where  124 guests and 13 staff are being held hostage. The terrorists yelled Allahu Akbar. Futures are up on ECB’s Draghi announcing more printing of money. (($15-20 trillion not enough!) On top of that, Nike announces a massive buyback (will account for 40 dow points) though…