Friday report…not! We will let whatever happened Wednesday and whatever happens today play out. Lots of jello moving on the plate for end of year positioning. We will be back to our regular thing this weekend. Again, hope you all have a wonderful new year. Knicks are 5-29!
First off, my staff and I wish you a happy happy new year. The Knicks are 5-28. Several things stood out as muy importante to us this year. CENTRAL BANKS- Central banks continued to maniacally print money. Leave no doubt, it was not a coincidence that when Yellen stopped the printing, Japan and Europe started….
Just thought I would throw in the Knick’s won-lost stats as the market went into a coma yesterday. As I write this, futures are actually down as Asia and now Europe sell off overnight. What? You mean markets are actually down? After all, Germany/France 10-yr yields hit all-time lows of 54 & 83 bps. Yes…that’s…
As we enter the final stretch of the year, the major indices are enjoying the end of year move we expected. This same thing occurred last year with the market topping the first day of 2014. You are hearing it every day. Major indices in new high ground. We will not argue but for those reading this…
SOURCE: http://www.myfoxorlando.com/clip/10977650/boys-and-girls-club-spread-holiday-cheer
We have been reporting to you that we thought the biotechs were part of the fed-induced bubble. Bubbles are simply mispriced assets brought on by the greed of all parties. Bubbles occur when investors and traders will buy at any price as long as they believe there is someone to buy at a higher price….
ECB printing…Yellen not raising…Japan printing…China lowering…England printing…and the beat goes on. It’s the holiday. It’s the end of year window dressing. It’s central banks. It’s a bull. Case closed! The V-shaped, central bank induced moves remain unprecedented. Enjoy. Just one negative note. On top of all the ridiculous IPO froth in biotechland, biotechs hit a…
To be blunt, we have been at this for a good long time, but the central bank-induced action we have been seeing as of late pretty much wins some sort of a championship belt. These v-shaped moves based on printed money, easing money and non action continue to trump all. This past week, it was…
We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and…
Leave no doubt, the end of the year combined with a Fed that will never ever ever raise rates…and we get juiced off support for many major indices at the all-important 50 day average. Massive sell mode has again turned into massive buy mode as the Fed teases raising of rates but never does. We…
