Over the weekend, we told you the market was at important support and that a goal-line stand was needed. Holy crap Batman! Not only was it a goal-line stand, but the reversal Monday has led to a major league ramp back to the mid to upper levels of the trading range. This is the same…
Yesterday’s promising day ended not so promising as news out of Greece…yes Greece…sent the market sliding into the close. But have no fear, Greece will get everything they want. On top of this, China just eased again overnight to the tune of $100 billion. Am I reading that right? The lower end of the range…
Just isolating one area this morning and that is the Biotechs. We have warned of the froth with all the “no sales” IPOs. We think this group, at the very least, is getting in trouble. Many names have broken down…some badly. Many of the “no sales” names are already in trouble. Remember, if we ever…
Follow me on twitter @GaryKaltbaum First off, isn’t it thrilling to watch a President who claims we are practicing austerity while under his administration, another $7 trillion of debt has been created and now proposes a $4 trillion spending bill? Keep in mind, Clinton’s last budget was $1.8 trillion. Last I looked, we have not…
You know our thoughts on central banks…that every time the bubbles they have created burst, they expand the next bubble with even more of the nonsense that created the first bubbles. This time though, we have never seen and cannot even fathom what lies ahead when central banks keep rates at 0% for 7 years…
SOURCE: http://dailysurge.com/2015/01/snipers-response-michael-moore-going-insanely-viral/#
We purposely put out support levels yesterday. Simply put, they either hold and give markets a chance or they give way and all heck potentially breaks loose. Why would all heck break loose? This occurs when the big money recognizes an area that was holding…no longer is…which invites more selling. But major indices held on…
First off, it is just too funny reading news reports on the Fed. We do not believe they are going to raise rates but if they did, what kind of a big deal would it be to go from 0% to 1/4%? Just to repeat a report from a couple weeks ago…WATCH THE FINANCIALS. They…
The Fed now says they can be patient on rates. Really. No kidding! As we have told you, unless the market forces their hand, the Fed will never raise rates. And it is our opinion that on any blip in markets or the economy, QE4 will be right around the corner. Eventually this teasing of…
Last night, our last words were: “We suspect the indices will show their hand soon enough.” As we write this, the Dow has a nice 270 gap to the downside. Amazingly, 6 Dow stocks are gapping down on yuck numbers. They are MSFT,CAT,MMM,PG,DD,UTX. As you know, reactions to earnings are quite important to our work….
