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Author: Michael Kahn

Where have we seen this before?

Where have we seen a premarket jump up followed by no action and no volume the rest of the day (I write this at lunchtime Thursday)?  Oh, yes, the rest of the entire year. Good news from Europe and up we go. Many stocks are...

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Bonds don’t lie

An excerpt from this mornings – pre-Fed – Quick Takes Pro newsletter. In the Treasury market, yields on the 10- and 30-year bonds fell back below their big round number levels of 3% and 4%, respectively. And in the...

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Fed up, is more like it

While I really do not know enough about the topic of abolishing the Fed, they do seem to cause undue volatility despite their mission. From the news Federal Reserve Bank of Richmond President Jeffrey Lacker said Thursday that...

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Gold oops!

Well, it did not reach my 1350 target but the war is far from over. Correction time for the metals but it is indeed short-term – at least based on the available evidence. Here is what is really interesting – Gold has...

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Flinging Poo

Now that I’ve whined about people flinging cyber poo at me for being bearish, a friend confided he wanted to tell a few blow-hards where to get off. Funny how the tables turn so quickly in the analysis biz. Here’s...

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Any way the wind blows

No, not a John Kerry attack ad or end of Queen’s Bohemian Rhapsody. It refers to the fickle nature of retail investors these days. To wit: This week’s AAII Sentiment Survey Results:Bullish: 39.4%, up 18.4 percentage...

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Mikey on the radio

Saturday, I got a last minute call from a friend looking for a wingman (co-host) for his jobs oriented radio show on a local Long Island station. He said it is the Internet audience that makes it worthwhile. When he called, I...

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You want the truth?

Rant warning The battle we bears fight every day is from critics, not the market. Someone told me I have been bearish since he has known me although he did temper that with acknowledging I went along with the 2009 rally (well, a...

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Another rally, low volume

Once again, we have to decide if a low volume rally means it is not sustainable or we are a frog sitting in a pot of water slowly coming to a boil. The latter means that before we realize it, the market is up 1000 points and...

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