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…
A few thoughts and then the markets. Thank you S&P. I gather that surprises many of you as I have railed against the rating’s services for years. That hasn’t changed. There should have been criminal indictments against these companies for what they did with mortgage securities but right now, they did us a big favor….
Futures just popped on a “supposed” better-than-expected job’s report…but have backed off markedly. Europe has bounced nicely off this morning’s lows also. Just keep in mind that a bounce/rally will occur at any time because the DOW just dropped almost 1400 points in 10 trading days. It would be normal to bounce up a few…
For the past 2 years, I have been writing reports with the same title on several occasions. Simply put, if they didn’t stop the deficit spending, there would eventually be a tipping point…and it will be the markets that stop them. It is my take that the markets have finally had enough. Politicians around the…
In having the privilege to appear on television, host a national radio show as well as write to you, I am always measuring my words carefully. At junctures like this, even more so. The market has obviously turned bearish and most likely, the past five months were nothing more than a topping out process that…
The market remains in trouble…and in spite of oversold conditions, continues to get rocked. A few more things sticking out for me: The Transports are in imploding mode. Not good. The German DAX continues to implode…not to mention other European markets. The DAX has been a pretty decent leader of moves. Some stronger retail names…
I just watched the President come out and state Washington was on the verge of $1 trillion in spending cuts over 10 years. I also heard him say it was the lowest level of spending since Eisenhower. I also heard him say things got done because of Americans whose voices Washington heard. HAHAHAHAHAHAHAH! Let me…
I will have a bigger report covering the con artists as well as the market on Monday but wanted to send this short note out to you today. Major averages are now back at longer-term support…where they held nicely the last time. Remember, support is just that…a place where the big money crowd stand up…
