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michaelkahn's Commentaries

Showing Posts 1 - 15 out of 997 found.

Venom to Spirit Air

Two weeks ago, my wife and I had a nice little fight about an upcoming trip to visit a college with my daughter. A big part of it had to do with Spirit Airlines being the only option for the trip. I hate Spirit. No, really, I hate it. I did not want to fly anywhere on this cut rate, cut service, cut dignity airline. But we parents make sacrifices for our kids and I bit the bullet (lead side...

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Venom to Spirit Air

Two weeks ago, my wife and I had a nice little fight about an upcoming trip to visit a college with my daughter. A big part of it had to do with Spirit Airlines being the only option for the trip. I hate Spirit. No, really, I hate it. I did not want to fly anywhere on this cut rate, cut service, cut dignity airline. But we parents make sacrifices for our kids and I bit the bullet (lead side...

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Finally back after the hurricane

We had no power for 13 days. No telephone for 17 days. No TV or Internet for 18 days. But the house is standing, nothing was flooded and only a few trees came tumbling down. We had it so much better than thousands in the area. Sayonara Sandy. What starts with "B" rhymes with Sea Watch? Expect more blogs from us soon. In the meantime, check out this back of the napkin description of our...

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Blame High Prices for the Gasoline Shortage

Uh, what? Higher prices created less product not more? My Econ 101 professor is rolling over in his grave (I don't know if he is actually dead but go with it). Remember in the fun days of 2008 when gasoline was heading toward $5 per gallon? Remember back even further when there were four gas stations on many corners in populous areas? You toddler traders with only 10 years experience are too...

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No power, no problem

No power, no problem? Well, let's just say I'm doing things the old fashioned way. No, I am not out back churning butter by hand but I am washing the dishes with a sponge and some soap. Kind of makes you appreciate re-using a lightly used plate and fork. How about this one? Talking face to face. My neighbor from across the street came over to see if I knew what was going on with the power...

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Sandy's Luxury Camping

While I am certainly impacted by Hurricane Franken-Sandy it is certainly not to the extent of those near the shorelines. We had very little rain on Long Island and since I live miles from the coast there was no flooding at all. Wind damage is another thing and monster trees are down everywhere, including on the electric and phone lines from the street to my house. But with a box full of...

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Investors not welcome

I run a daily chart-oriented newsletter and as I was preparing for this morning's missive the Dow was of triple digits in the premarket. I thought back to a customer who called to cancel his subscription just yesterday. His comments were not that unusual as he said (paraphrased) I like the service but it is a bit short-term for me. Now, I do not run a day trading service but the average...

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Happy 25th Anniversary!

Here are some musings from this morning's Quick Takes Pro newsletter (subtle hint - take a free trial). It is hard to believe it was 25 years ago today that the Crash of '87 sent the financial world into panic. Funny how there is always something out there to accomplish that same feat whether it be a tech bubble, housing bubble, debt bubble, tulip bubble or simple exuberance bubble that...

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You're up Mario

I touch on the timing of ECB and Fed intervention in my Barron's Online column today. It seems that they happened lately at the 50-day average and newly formed rising trendline from June. The problem is that both central banks have barely implemented their new plans let alone are ready for more. China and other central banks tried but they did not move this market. So now what? Mario,...

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Market Sheep

I really don't have a ground breaking post for you after a week of having my daughter in the hospital (and wife staying with her - everyone came home today). But I do have something that just hit me this morning. Pandora is on everyday as I work. Today, Pink Floyd's "Sheep" (from the Animals album, 1977) was on and the lyrics reminded me of the stock market. See if you agree. Harmlessly...

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Fed and Stocks

There are many visuals overlaying Fed meddling in the markets with the stock market itself. This is my favorite from a blog called Calculated risk. Here is the URL for this particular June 28 post - which I suppose I am re-blogging (like re-tweeting) http://www.calculatedriskblog.com/2012/06/qe-timeline.html. If you think the Fed printing money mattered (in a positive way) for the economy,...

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Smokey

... ...can prevent portfolio fires. Ben is putting them out with gasoline, which, by the way, has made gasoline prices go up (among other reasons). More unintended consequences from the government's misguided plan - persistently low interest rates is hurting savers (Ben wants everyone to buy risk assets). But it is also hurting Social Security, which is mandated to invest in Treasuries....

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Print Baby Print!

In the midnight hour, she cried more, more, moreWith a rebel yell, she cried more, more, moreIn the midnight hour, babe, more, more, moreWith a rebel yell, more, more, more, more, more, more(Rebel Yell, Billy Idol 1983) That's right, folks, the good people in the People's Republic of China are stepping up to deliver more free money! That's right, although not confirmed, it looks like number...

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September Seasonal

Most market followers know or at least have heard that September is the worst month of the year. It is the only one with a net negative return over the decades and when there is an October surprise (that means crash) the pain really started in September. There is another little seasonal pattern this time of year but it is not nailed down to the calender. Well, actually it is - the lunar...

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