Newsletter

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….

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…