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Bulls Have The Ball And The Burden Of Proof
Reading Time: 3 minutesTwo powerful rallies from oversold conditions on Tuesday and Wednesday have put the bulls back in control and a consolidation day Thursday – by which I mean a decline of less than 1% in the NASDAQ – wouldn’t change that….
Nike Shares Surge To All Time High On Good Earnings
Reading Time: 2 minutesNike (NKE) reported a good quarter ended February 28, 2010 after the close yesterday. Revenue of $4.7 billion was up 6.6% year over year but still not at the levels seen prior to the collapse of Lehman Brothers. Futures orders…
Russell Closes Below 50 DMA, Bad Breadth, Interest Rates Still Look Higher, The Crowd Believes
Reading Time: 9 minutesNote: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
That 2013 Feeling
Reading Time: 3 minutesNOTE: Every week or two I wrote a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the…
Caterpillar, Black & Decker And The Process of Adjustment
Reading Time: 7 minutesOur sales stayed pretty strong through October and well into November. We pretty much hit a wall in December. – Jim Owens (subscription required), CEO Caterpillar The depth and duration of economic decline throughout the world makes it very difficult to…
META: 2024 Is Bound To Disappoint
Reading Time: 3 minutesDespite my reputation as a permabear, I was buying Facebook (META) at the end of 2022 (just like I was buying Tesla). But the rally has become overextended and it’s hard to see how 2024 won’t disappoint investors. Let’s dig…
