NOW THIS IS WHAT I CALL STIMULUS!
News from The Associated Press
THE NEXT LEG HAS BEGUN!
Greetings from Orlando airport as I head out west for the next few days. After the initial knife to the downside, the past seven weeks has been a series of flops and chops, gaps and reversals and loads of wild action. But when all was said and done, it was nothing more than what I…
I AM IN THE WRONG BUSINESS
Union pensions: Law gives huge pension perks to union leaders – chicagotribune.com
A FEW GROWTH STOCKS BREAKING OUT
I do not know what this portends for the whole market but some of my favorite growth stocks have been breaking into new high ground. Normally, this is good news for the rest of the market but so far, most of the market looks horrid. So…keeping it in the file manage that APPLE, AMAZON, MASTERCARD,…
THE OUTCOME OF CHURNING!
On Thursday, I told you the market was starting to churn. In other words, lots of trading without progress. This usually leads to downside. Some have said that was wrong because Friday was an up day. Maybe it was an up day for a few indices…but for the small-caps, the mid-caps, lots of churning was…
IF I DIDN’T KNOW BETTER, I WOULD THINK HE WAS TRYING TO LOSE THE ELECTION!
Let’s see, just lost a house seat held by the Democrats for the past 88 years. Lost the “no way we can lose” Ted Kennedy senate seat. Lost the house in the last election in a huge way. Lost the New Jersey governorship. Poll numbers are way down. Leadership numbers are way down. The Jewish…
ALREADY CHURNING NEAR RESISTANCE
Just a short note to let you know markets are already churning as they move into resistance. Somewhat normal…but this remains a very tough environment as the moves are sudden in a very news-driven environment. Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission….
CONTINUED STRENGTH
Yesterday, I told you that I thought market was going to head higher in the near term. I saw several things. I saw that support held at the bottom of the wedge. I saw that the all-important Semiconductor index was getting the bid and saw Retail also perk up. In case you didn’t know, I…
No wonder our deficits are massive…
No wonder our deficits are massive. The message: To avoid slowing the economy even further, the deficit must get worse before it gets better. Insanity rules! CBO chief warns debt panel spending cuts could slow recovery – TheHill.com
TRENDLINES AND SUPPORT HOLD YESTERDAY
There are times I am bullish. There are times I am bearish. There are times where I think markets are in no man’s land just being moved around by the news du jour. I think we are in one of those times. I think we could go higher here as the lower end of the…