On Friday, I told you Gold stocks were poised to break out of a long range. On cue, they are moving out today. Just one glance at the GDX tells the tale. Other names are moving out of range. My dilemma is buying the underlying stocks while the metal is so extended. One has to…
The DOW is at 10,817 with the 50 day moving average at 12,000. The S&P is at 1123 with the 50 day moving average at 1275. The NASDAQ is at 2341 with the 50 day moving average at 2680. The NDX is at 2038 with the 50 day moving average at 2275. The TRANSPORTS are…
I GUESS THEY COULDN’T FIND ANYTHING BETTER FOR $112 MILLION.
After another nauseating high volume sell-off, the market is getting some relief. As I write this, the Dow is up 80 and the Nasdaq up over 30. It did not start too well as futures were way down. The market is in the midst of testing the recent lows of last week. I just urge…
As I have been telling you, in spite of all the talk about markets being cheap, everything I have been seeing defines a bear market. Again, bear markets are made up of high volume drops, low volume bounces, hope that the bounces are the bottom, calls of the market being cheap…only to disappoint those calls…
Whenever markets have an up day, I get the same question: Have we seen the lows? I don’t usually get those questions on down days. Could that be it for the downside? I understand psychology. I understand about being swayed by movement. I have news for you. We are all swayed. The answer is…anything is…
Hi: I was Fox Business Network with Neil Cavuto, on Tuesday 8/16 discussing my comments on Warren Buffett. Click here to my original article that generated all the buzz. Here’s the video: httpv://www.youtube.com/watch?v=2PUuqRm7TV4 Here’s the link to Fox if you have trouble viewing the video on my site: https://video.foxbusiness.com/v/1113277542001/if-us-were-a-company-would buffett-invest/?playlist_id=87185 Gary I will be on Fox…
Imagine Warren Buffett getting a call from a company who asked Warren to invest $2 billion in that company. This company then went on to tell Warren that the $2 billion had already been spent and that they could not account for how well that $2 billion was spent. Therefore, that $2 billion would be…
To All My Friends and Followers: I’m excited to announce that I’ve relocated my site GaryK.com to a powerful, new web host. I made this move to provide you with new heavy-hitting content that you’ve never seen before. Plus, I’ll be updating you continuously through each market day about my latest insights on the market, the economy…and…
After watching three days in where 500 points was the norm, I thought I would check in with a few thoughts on a few subjects. THE MARKET The motto of this market is simple. Don’t blink! The moves are off the charts. The moves are outlier events. There is no way to get a feel…
