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….
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. 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
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…
The following are selected quotes from the recent Obama job’s speech. In the bold is my answer to each. Sorry for some of the sarcasm. I can’t help myself. “These men and women grew up with faith in an America where hard work and responsibility paid off. They believed in a country where everyone gets a…
I thought it appropriate to send out what I wrote to you over this past weekend. I put in bold what I think you are starting to see right now. Remember, all I am doing is providing you characteristics of bear markets. This one continues to act in a classic fashion. Eventually, you will see…
Take away the big venue. Take away the politicians. Take away the soaring rhetoric and what do you have? I think it is simple…a 34 minute speech about more taxing and more spending cloaked into a lot of blah blah blah. With all due respect, this was another $450 billion of nonsense. There was not…
Gaps and reversals…reversals and gaps. Rumors about this and that! How does one play this market? Lightly! But after all the noise, I just continue to look for any changes. For someone who has been overall bearish for quite a while, I am always looking for light at the end of the tunnel. Here is…
In my past couple of missives, I told you markets were rallying right back into resistance. This is the “normal” action I told you about that occurs in bear markets. To review…when markets gets extended and stretched from the norm, eventually they move back towards the norm before resuming the major trend. In this case,…
