We’re halfway through a secular bear market in equities…. It means you can’t really be a buy and hold investor.
– David Rosenberg, Chief Economist, Gluskin Sheff & Associates, on CNBC’s Squawk Box, July 7
David Rosenberg, former Chief North American Economist at Merrill Lynch, was the guest host on CNBC’s Squawk Box this morning. Rosenberg is one of the best in the business and has been way out ahead of the rest of Wall Street on the current crisis. For the quote about a secular bear market, scroll forward to about 4:30 and the quote itself comes around the 5:00 min mark.
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. …
There is a stock called Nvidia (NVDA). You might have heard of it. It makes the chips that Artificial Intellligence (AI) runs on. It is up nearly 200% over the last year and is close to becoming the world’s most…
The US economy has continued to weaken, causing a reduction in domestic package volume and a shift away from premium products. – UPS Press Release, April 8 The piece of news that most caught my attention today was UPS (UPS), the delivery…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
I think we’re about one bad day away from a real good buying opportunity. The Nasdaq and S&P both closed below their previous closing lows for the year. Both are also real close to their Jan 22-23 intraday lows. The…
Here is an e-mail I just sent to my Dad and some friends of mine interested in the stock market: Volume is picking up a bit in the last hour here as the major indexes hit new lows (Dow: -250,…