“THE GRM (GOVERNMENT RUN MARKETS) WORKING OVERTIME AGAIN” By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor We will be repeating a lot of this in our award-winning weekend report. We are not a believer in giving out time frames and targets because no one really knows where markets are going to go down the…
We waited to write this because we knew Draghi was going to yap this morning. He did not let anyone down as he now telegraphs that a measly trillion/year aint enough and that they will look to be printing more. Of course, the knee jerk reaction is for markets to bid up. Coming into this…
As we write this, Valeant Pharmaceuticals (VRX) has dropped from $264 down to a current price of $88 and change in just two months. There has been issues with this company in the last few weeks as a few are accusing them of accounting chicanery as well as other things. In another chapter of our…
We will stay quiet this morning except to say WATCH THEM EARNINGS. CMG down $55 but BIIB up $18. It is earnings roulette….which means sit back and react to the reactions. And more days like this morning and there soon will be 5 semiconductor companies left as everyone being bought. When you cannot grow, you…
Intraday selloffs only to be bought up…indices closing on the highs…crappy earnings being bought. SO FAR, this is what we have been seeing off the lows. There has been a persistent lack of selling in spite of markets being overbought and stretched to the upside on a near-term basis. Leadership is expanding a wee bit…
Due to loads of travel, we are going to keep this short and have a bigger report tomorrow. When we call a low for the market, we never know what’s gonna come of it. We just ride it until it says otherwise. So far, it has not said otherwise. We called a low because the market…
SOURCE: http://dailycaller.com/2015/10/16/co-op-flop-the-biggest-obamacare-disaster-youve-never-heard-about/#ixzz3olczdW1R
While the markets are driving people up the wall and with the Jell-O moving all over the plate there a couple of things that are starting to stick out like a sore thumb. What makes it more interesting is not many people are talking about it. We think you are about to start hearing that…
Many areas of the market encountered resistance yesterday…and sold down. Regardless, while there ism some leadership, there is not a lot. There are hardly any good bases to be found. So patience. Earnings season time. We expect blah numbers…but expect many beats because guidance has come down throughout the quarter. Remember, it won’t be the…
First off: Auto parts retail Airlines Internet travel Defense Tobacco Alcoholic beverages Food Gas Utilities Cruise lines That’s basically the relative strength as we head into earning’s season. Most of these areas were the relative strength before the August trashing and right now, they are back where they were. There is nothing really breaking out…
