I am becoming increasingly concerned about the manic nature of this market. The latest is example is the reaction to Oracle (ORCL) earnings Tuesday afternoon. Revenue and Net Income were +12% and +8%, respectively. But there were a few wild…
The Perennial Philosophy in investing is to buy great companies and hold them for the long term. Buy right and sit tight. That is is how the big money is made in stocks. In fact, you don’t even have to…
The market is selling off Thursday ahead of Powell’s keynote speech tomorrow morning at 10am EST at Jackson Hole. The odds of a 25 basis point cut on September 17 have decreased from 92% a week ago to 73.5% today….
For years one of my favorite columns in The Wall Street Journal was Dan Henninger’s Wonder Land which he sadly discontinued after 23 years this January. So I’m taking over for the day because yesterday was a whopper! While Henninger…
In my opinion the greatest book ever written on trading is Reminiscences of a Stock Operator (1923) by Edwin Lefevre. Reminiscences tells the story of Jesse Livermore – by most accounts the greatest trader of all time – under the…
The stock market continues to move higher since its April 9 low with the S&P now up more than 30% since then. The move is starting to defy logic as there are risks around tariff policy, the deficit and debt,…
The S&P closed Thursday only a few points shy of a new All Time High. With Futures currently in positive territory, it appears the market will make another run at it Friday. While everyone loves a bull market, there are…
For the last two months I’ve been trying to determine if the rally initially spurred by Trump pausing the Liberation Day tariffs by 90 days on April 9 represents a continuation of the long bull market or a bear market…
The market was cruising along until a weak 20 year treasury auction in the middle of the day Wednesday sent interest rates soaring and stocks stumbling. Early Friday President Trump spooked markets once again by calling for a 50% tariff…
Even a downgrade of the US credit rating by Moody’s couldn’t derail the current momentum in the stock market Monday as the S&P clawed back all of the 60 points it lost at the open plus 5. The technicals have…