It appears yesterday's market performance matched my thinking yesterday. It seemed bent on going up, even in the face of the Fed members bickering and the resurrection of US political nonsense. Here is what I wrote yesterday. I guess the market is...
Each morning around 6:30, I start reading. Usually, it takes about three minutes, more or less, before I get the drift of the market news for the day. The rest of my time is spent furthering my understanding of the global economic reality. Some Fed...
How is it that the major indices rising is seen as the market waning? Wall Street waned on Monday as investors faced the prospect of a lackluster corporate earnings season and an economy that could be hitting a slow patch. Correct me if I am wrong, but...
I have reached this point before. I can feel the non-surety of my working mind. Doubt is creeping in. I want to take a vacation. The market can do this to me, perhaps to you, perhaps to anyone who plays the market. The market can be both rational and...
I have always liked the underdog. I usually take to defending the one who has the lesser chance of doing well. Occasionally, though, an underdog jumps into a contest against such a superior force that defending is not an option. When this happens in the...
The market is about as sensitive as it can be these days, but underneath all of that hyper-responsivity and ensuing erraticism is the desire to go up. That long-term need will not go away, despite dark painting of ho-hum economic news. Yet, even with...
The confounding tone of market analysis these days is impressive. Some long-time bears are becoming bulls and some of the strongest bulls are becoming bears. It seems this market is sowing confusion. I have to believe that if one stares at the yo-yo long...
Yesterday, I listened to a bunch of mainstream news about North Korea acting belligerently. It seems this young leader over there is feeling his oats. Well, the bellicosity of North Korea is nothing new, and I suspect the heir to the throne heard the...
Today is the day practical, silly, and otherwise lame or funny jokes are in play all across the globe, well, in Europe and the US anyway. No one really knows how this day of fool's play came into being, but I guess that does not matter, now does it? At...
Okay, so how many of you thought there would be a run on the banks in Cypress this morning when they opened? How many of you thought the market would open down after Asia closed strongly in the red from "worries about the euro?" C'mon, raise your hands....
It occurred to me this morning as I was reading that aside from the potential but not guaranteed uncertainty that might arise this summer when the US politicos do their now offensive dance, and the occasional news driven "correction," I see nothing...
A clear correlation exists between the equity market and consumer sentiment. After all, the equity market is the expression of those who invest and trade for profit, an action based upon what the consumer decides to do or not to do, ultimately. If...
It's the fundamentals, stupid. My play on James Carville's famous line (and book of the same name) from Bill Clinton's 1992 presidential campaign is a reminder that sometimes one can over analyze a thing. In this case, the "thing" is the market. We got...
The market opened with the bulls in charge, offering more of the same up and down that is the market these days. Opening on the upside was a bit surprising, though, since Cypress is still a financial mess. Russia turned down the plea from the Cypriot...
The market opened down this morning - no surprise there. Cypress is the pronounced reason, but the real reason is the ongoing battle between the bulls and the bears. It is all good, as the market needs this time of trading back and forth to build its...