Back in 99, any company that announced a website saw their stock soar. Companies were changing their names adding .com to their name. Mutual funds changed their names to “internet.” Unfortunately, many of those companies had squat and are now nowhere to be found. Fast forward to today. Over 130 Biotech companies have been brought…
“THEY WILL NEVER RAISE RATES!” By Gary Kaltbaum Twitter@GaryKaltbaum garyk.com Woke up this morning to headlines like “Fed “Patient” No More!’ Cute! Another headline: “Fed Puts Interest-Rate Hikes in Play!” What Fed are these people watching? For quite a long time, we have been telling you that unless the market forces them, the last thing…
Those that read this report know our disdain for the Fed as well as central banks around the globe that are still doing the Bernanke dance. To her credit, at least Yellen “supposedly” stopped the printing. But now we get the “wording” dance. Amazingly, the investing world sits breathlessly to hear whether the word “patience”…
The wild swings of the past week continues as Monday received the upside of those swings. But it remains more important to look underneath the surface as the spit tape continues. To be brief, we just wanted to highlight a few main areas to overweight and look for proper breaks to the upside are :…
MORE RANGEBOUND NONSENSE” By Gary Kaltbaum @GaryKaltbaum garyk.com Up 140 on Monday…down 330 on Tuesday…up 260 on Thursday…down 250 on Friday before a late save finishing down 146. Having fun yet? This is what you get when you have central banks going different ways with currencies making moves in weeks that usually dont happen in…
We will have our normal in-depth market report over the weekend. We know yesterday was a good rebound day but something else is on our mind today. Racists, racism, racist assclowns is still a problem. As a Jew, I know. I don’t dare publish some of the emails I receive. Maybe I should. But we…
Very little to add. More yuck in a bunch of areas with the Euro continuing to crumble. Major indices that had broken above range have now tucked back into range like frightened turtles. Stocks that broke out of range are doing the same. Bear market areas simply worsen. The potential good news is that every…
Payday: Mayweather $120 million Pacquiao $80 million Ticket prices (secondary market…so far) Worst seat in the house $4,800 Middle of the road seat $15,000 Best seats in the house $30,000-$100,000 PPV COST $89.95 $99.98 HD Previous record PPV buyers 2.4 million Mayweather vs De La Hoya Previous record PPV dollars $150 million Mayweather vs Alvarez…
And that’s being nice. But first, for a very long time, every time markets have been hit hard, every time massive distribution showed up, every time the market looked like it was headed into a correction of magnitude….markets experienced a reversal day and then turned right back up. We are in no way saying this…
