Is This 1929?

Is This 1929?

From August 24, 1921 through September 3, 1929, the Dow Jones Industrial Average surged from 63.90 to 381.17 (+497%). From March 9, 2009 through November 19, 2021, the NASDAQ Composite surged from 1,268.64 to 16,057.44 (+1166%). In terms of the…

Santa Comes Early

Santa Comes Early

Stocks had a furious rally the last three days of the holiday shortened week. On Thursday, the S&P was +0.62% to 4,726 (a new all time high), the NASDAQ was +0.85% and the Russell +0.89%. I don’t want to be…

CarMax As Microcosm

CarMax As Microcosm

$20 billion used car retailer CarMax (KMX) reported earnings for the quarter ended November 30 Wednesday morning. While the top line was on fire at +65% this didn’t translate to the bottom line with EPS up only 15%. Why? Similar…