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Europe Commentaries

Showing Posts 1 - 13 out of 13 found.

The Floor and Ceiling Change, But The Wall Remains The Same

Here we go again … Another crisis of confidence, even as the penultimate geopolitical event unwinds from open hostility to verbal aggression. Russia and Ukraine seem to be moving toward some sort of pact that will bring some peace to that region. So what? That news is so last week anyway. How about that China, then? Seems it never loses its power to contribute to the constant wall of worry...

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OMG, the Fed Stuff Again

Yesterday, my word for the day was “conflicted.” Today, David Moenning over at State of the Markets has his word for the day and it is … The word of the day appears to be weakness. One reason he is suggesting this (among others including his technical charts) is the overseas markets are showing weakness from a lack of encouraging news. Asian stock markets are down across the board this...

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Market Consolidation and a Coming Catalyst

Constant news in and constant news out. That is the flow of the market. I would like to call it a problem, but if a thing is the norm, and life revolves around it, then how could it be a problem? It is something you just learn to live with. The daily news flow, and the market’s reaction to that flow, is something market players just learn to live with. The important thing to understand about...

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Where Did The Divergence Go?

Earlier this morning, on this grey cloudy day, the market seemed unhappy. It looks to be feeling a bit better now, oh 90 minutes in, but it might not stay that way. There is a new fear coming our way, something never seen before, at least not in 300 years or so. A week ago everybody assumed voters would say “No” in overwhelming numbers and the issue of Scottish devolution from Great Britain...

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Kass Gets It Right, and So Should You

Monday morning and the market is showing a bit of oomph. Out the gate and up the hill it flew. Just like that the S&P climbs above 2000 and the Dow inches closer to its all-time high. This should tell you something – the market wants to go higher, even if Germany is tripping up a bit as the economic leader of Europe.    The IFO Business Climate Index in Germany for the month of August...

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And A Bit More Strength To Ponder

Despite the dirty facts on the ground, the breathless media is amazingly quiet. Perhaps it has lost interest in the constant warfare in Gaza, Iraq, Syria, and Ukraine. Maybe the news hasn’t played out as a thriller with the market. Given the recent market rebound, it is not a bad conclusion to draw – the market is simply not interested in the dirty facts. And really, why would it be? As I...

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What’s Not to Like About the Market?

The market overall had quite the day yesterday and how about that NASDAQ? Hitting a 14-year high is quite impressive, given that the index fell so far from grace in 2000, just 14 short years ago. Perhaps the NASDAQ is providing a clue as to where the money is beginning to flow. Better yet, a clue as to where the money is returning. It appears today is a follow up day for the bulls. Right out...

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What is One to Make of the Market Today?

Up and then down like a rock in water the market did go this morning. Arriving first and driving the market up was the news that Putin was playing nice again and Iraq was finding its way to a coalition government. Emerging-market stocks rose for a fourth day as President Vladimir Putin said Russia will do all it can to end the Ukraine conflict, spurring speculation tension will ease. Tribal...

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Less Russia, More Iraq, and Opportunity in Europe

It appears the market week will end this week as it started – up a bit today but lower overall. As of this writing, the Dow is down some 700 points off its record high, which makes it just about 4.2% lower. The S&P is down some 70 points from its record high, which makes it just about 3.6% lower. Decent minor corrections that will bring earnings and P/E ratios closer to a place investors...

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A Thing Is Not A Problem Until It Is

It is true; a thing is not a problem until it is. The Russia/Ukraine confrontation is now a problem. The US and its allies are now at war with Russia. Russia said on Wednesday it would ban all food imports from the United States and all fruit and vegetables from Europe, in a sweeping response to Western sanctions for Moscow's support for separatists in Ukraine. In this day and age, the above...

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Will The Bulls Come Out Swinging?

It’s good to see last week in the rear-view mirror. Even though I get it, a week such as last week bugs me. I understand the reality of market rebalancing, but I don’t like it when the market freaks out. The memories of 2008, 2009, and 2010, and 2011 still linger clearly in my head. So, what I need as a tonic for last week is a decent bounce this week, starting today.   The quality of the...

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Go With the Flow Today

I get it now. I did not see it yesterday, but I do now. The market is in official “freak-out” mode and yesterday was the beginning. Now that it has begun, the summer-time market will follow through, I suspect. All it needed was the Chicago PMI collapsing in July. The index dove to a reading of 52.6, which was well below the consensus expectations for a reading of 63.0, as well as last...

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Some Days Just Throw Me Off

My guess is that the bulls are doing a three-day ropes course thingamajig somewhere in the outback, far, far away from any news. Economy in U.S. Grew 4% in Second Quarter vs. 3% Estimate ADP Employment Report Shows Job Growth at 218,000 in July Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, How else can I...

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