If I was to write to you earlier this morning, I would have told you that AGAIN, market needed to put in a goal line stand as many major indices were again sitting on the longer-term 200 day moving average as Friday was putrid. I would have told you that odds favored that eventually the break…
In my last short missive, I told you the market could bounce off of vital long term support. Well, the market had another one day gap to the upside off that support which has looked to have already failed. Major indices are now on the cusp of breaking the long term support this morning as the market is…
It is early but so far, today is the first time I have seen strong growth stock action in weeks…and it came right at an important juncture. As you know, I thought many weeks ago that the market was going to correct. So far, it has been nominal measured by the indices, almost 10%. The near-term good…
Before comments on the market, a few notes: Who are they trying to kid? GREECE will eventually default. Anything the rescuers are doing just puts off the inevitable. Forget opinion. Look at the numbers. As I have read and confirmed, at the end of 2010, the ECB’s equity capital was 10.8 billion Euros. Compare this number to the…
It should now be obvious to you why I have been more cautious over the past few weeks. During that time, I outlined for you why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market…showed up. I outlined every single one for you. When these…
About 6-8 weeks ago, I started to believe the economy was stalling out. A couple of weeks later, the commodity areas topped leading me to believe I was correct. Since, we have received nothing but worsening news on the economy…and may I say, the numbers may be worse than I even thought. This morning’s employment…
[table id=4 /] Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the…
[email_link] This is why I like Bill O’Reilly. Pure logic…simple logic! I don’t know this Congressman…but here’s a guy with absolutely no logic. Imagine not wanting to report someone buying 60,000 rounds of ammunition! READ THIS AND WATCH THE VIDEO: During Tuesday night’s edition of “The O’Reilly Factor,” the Fox News host got into a heated…
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SCROLL DOWN TO SEE CORRESPONDING CHARTS [table id=4 /] Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered…
