Cover stories about the stock market tend to occur at points near maximum momentum on the upside or the downside. – Steve Sjuggerud, “Wringing Profits From Magazines”, Investment U, July 8, 2003 What does Time Magazine putting Ben Bernanke on…
Last week, two prominent commentators came out with bullish pieces. I was anxious to read them to measure the bullish case, but in the end I was unpersuaded. ***** The first piece was from Princeton Economist, and former Vice Chairman…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
The last three days trading is all about the benjamins – the dollar, that is. The better than expected Friday November Jobs Report has triggered a powerful rally in the dollar. That’s because it has led investors to believe that…
Source: “The Easy Money’s Been Made”, Vito Racanelli, Barron’s, October 31
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
In reviewing the status of the market late last week, the condition of the data was something of an anomaly… On the valuation front, stocks are presently overvalued, but to levels that we’ve observed at least several times in history. …
(Source: “Analysts At Most Bullish Level In Two Years”, BeSpoke Investment Group, October 7) Very interesting chart from BeSpoke Investment Group. The chart measures up changes versus down changes in analysts earnings estimates in the four weeks preceding the last eight…
Here’s a classic from TheStreet.com and Seabreeze Capital’s Doug Kass, originally penned Wednesday (9/23) morning: He’s back! Yep, the ultimate plunger, that paragon of speculation, Boca Biff, is back. I first introduced ultimate daytrader Boca Biff to readers of The…