Why I taught my sons never to lie!
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Something more important than the market!
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…
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Not much to add on market!
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…
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Mayweather vs Pacquiao the potential numbers!
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…
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Corrective action continues!
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…
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Not so good morning!
We held off writing last night just to see how this morning goes and it is not pretty…a decent gap to the downside. We just thought yesterday suspicious as it seemed like a propped DOW day. The DOW was up nicely but advance/declines were flattish with other indices trailing badly. As we stated coming into…
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Changes…and not the good kind!
First off…what has not changed: We remain bearish on about 40% of the market…with most worsening in the past week. Our latest stance change occurred on Feb 6 when we told you we thought the bond market had topped out. We also went on to say that the interest-rate sensitive areas like Utilities and Reits…
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How about that Europe!
We will have a regular weekly market report, a report taking issue with the many articles on the Fed and the impending raising of rates, Mark Cuban’s thoughts on a bubble and probably throw in one of our “just wondering” reports on the weekend. You can tell football season is over. Have you seen the…
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The market continues to pull in…but as of this second…no biggie. We have simple tactics right now as the market works off the recent up move. We keep a list of the strongest names that are pulling into support/moving averages for primary or secondary buy points. When we see a slew of them start to…
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Pullbacks preferable!
In order for markets to continue higher, pullbacks are preferable. They work off overbought conditions. They wipe the smiles off bulls faces. They build better bases. Looks like we may be getting one here. Anything is possible but we expect any pullback to be controlled and rotational at this juncture. The one area that pulled…