Bernanke Plays It Safe
Today’s FOMC decision is kind of a dud. They played it pretty much as safe as they could: they cut 25, as everyone was expecting, and they made only very, very slight adjustment to the accompanying statement (FOMC April 30…
Bulls Have Eye Of The Tiger Ahead Of Fed
Risin up, back on the street Did my time, took my chances Went the distance now I’m back on my feet Just a man and his will to survive Its the eye of the tiger, Its the thrill of the…
Buffett Expects Recession To Be Worse Than Most Think
Buffett was on CNBC’s Squawk Box this morning to talk about his Wrigley (WWY) deal, but what caught my attention were his comments on the economy (his comments on the economy start around the 7:40 mark): On retail: “Gotten a…
Weekend Reading: Three Bears Who Don’t Believe
Here are three good articles from prominent investors/journalists who see things the way I do: “Don’t trust this market rally”, Jim Jubak, Money Central, Friday April 25 “The market’s worst is yet to come”, Bill Fleckenstein, Money Central, Monday April…
Technicians Say We’re At a “Critical Juncture”
As I’ve mentioned before, observers of financial markets speak of “critical junctures” on, it seems, a daily basis. I try hard to refrain from using this phrase often, but I sincerely think we’re at a key juncture at this point,…
Legendary Investor Bill Miller Calls A Bottom
Legendary investor Bill Miller, manager of the Legg Mason Value Trust which beat the S&P 500 for 15 straight years before underperforming in 2006 and again in 2007, appears to have called the bottom in his most recent quarterly letter…
The Front Page WSJ Article That’s Driving Todays Trading
The Federal Reserve is likely to cut its short-term interest rate by a quarter of a percentage point next week — but then may be ready for a breather. – Greg Ip, “Fed May Consider Pause In Rate Cuts” (subscription…
A Wonderful Day To Sell Stocks
All of you who have been wishing you sold some stocks earlier, who have been waiting for an opportunity to get out at a higher price, who have been whipsawed by recent market action, today is your day. Today is…
Apple Hits It Out Of The Park – As Usual – But Investors Don’t Like Guidance
Reading Apple’s (AAPL) financial reports is sick. It’s like looking at those comic book superheroes with monstrous muscles and tiny waists. It’s unreal. In the just completed quarter, Apple had revenues of $7.5 billion – up 43% from the year…
A Lot Of Bullishness On Apple Heading Into Earnings
We are concerned that expectations may be too high with the stock rebounding over 45% in recent weeks. …… Recall that in only the past year, Apple stock has been below $100, more than doubled to above $200 and fell…