This is the same guy who failed miserably as Obama’s budget director and gets rewarded as vice-chairman at Citigroup. Fabulous! Too Much Of A Good Thing | The New Republic
The #1 question being asked of me is “what the heck is going on with the markets?” Good question. This question alludes to the fact we continue to get massive gaps to the upside and downside…massive swings to the upside and downside…sudden moves to the upside and downside. I believe there is a simple answer….
I guess it was just a matter of time…but finally, the market is coming after the big growth leaders off of late stage bases. Names like Priceline and Bidu come to mind but I must add that Apple now looks to be coming under pressure. Remember, in bear markets, they will eventually come after everything…
News from The Associated Press
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…
Union pensions: Law gives huge pension perks to union leaders – chicagotribune.com
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,…
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…
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…
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….
