Wait And See Market
That path of least resistance is down as very few appear to be in the mood to buy. Tim Knight compares the day’s action to “Fog”. With almost everybody now forecasting or believing we are in a recession (“Economists Raise…
Dreadful News + Dreadful Expectations = Flat/Up Market
December was strong with year-over-year growth in terms of orders in the high teens. But January’s growth was less than we expected with order growth rates of approximately 10%. …….. Therefore our revenue guidance for Q3 fiscal year 2008 including…
Plosser Talks Inflation And The Market Doesn’t Like It
With inflation creeping up, we have to be particularly alert for rising inflation expectations. It is important that inflation expectations remain stable. If those expectations become unhinged, they could rapidly fuel inflation. Moreover, as we learned from the experience of…
Thoughts And Links
As we work through a pretty slow day as investors try to get their bearings after yesterdays huge selloff, here are some things I’m looking at and thinking about: A lot of stocks are cheap. We aren’t dealing with the…
ISM Services Report “Collapses”
“It’s not that it’s weak. It’s a complete collapse in the number, one of the lowest readings this statistic has ever had.” – Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management Recession talk is in the air again…
Giants Win Bullish For Stocks
The Giants spectacular win in the Super Bowl yesterday bodes well for stocks according to the surprisingly accurate Super Bowl Indicator. According to MarketBeat, this indicator has predicted the stock market in 33 out of the 41 prior Super Bowls.
Market Shows Surprising Strength In Face Of Horrendous Jobs Number, Google
A rally today in the face of [the Jobs Report] would help show that the market is convinced of three things: 1) the bottom has already been put in, 2) if we’re in a recession, that it won’t last long due to…
Say Goodnight – Google Disappoints
Stocks like Apple (AAPL), Google (GOOG), McDonald’s (MCD) haven’t really been hit too much yet. But they will. They’ll be the last to go. But when they go, they’ll go hard. – “The Big, Popular, Growth Stocks Will Get Hit…
And The Rally’s Over
The rally that began at 1pm EST last Wednesday ended today at 3pm EST as investors sold the surge on the 50 point cut by the Fed (S&P 1 Day Chart, S&P 10 Day Chart). It was nice while it…
Two Hedge Fund Legends Weigh In
Yesterday gave us the chance to listen in on two of the greatest investors of all time: Julian Robertson and Michael Steinhardt. In a Fortune Magazine profile of Robertson, Robertson said that his biggest trade right now is in “curve…