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NY Times: Some Smart Money Getting Cautious On Market Rally
Reading Time: 2 minutesWorthwhile piece on the front page of today’s NY Times business section, “Some Analysts See an End to Market Rally”. One interesting piece of data from the article was that a report from TrimTabs on Friday showed the ratio of…
The State of the Market; The Debate Over Interest Rates; Gold Crash
Reading Time: 6 minutesThe S&P continues to trade within the 200 point candle from Friday October 10th defined by 6750 on the topside and 6550 on the bottom. From a technical standpoint, until we breakout of that candle one way or the other…
Republican Superstar Governor Sanford Admits Affair
Reading Time: 1 minuteAfter a mysterious five day disappearance, South Carolina Governor Mark Sanford admitted to having an affair with a woman in Argentina. This is a huge disappointment to Republicans who rallied behind Sanford after he asked the Obama administration to spend some…
The Garbage Stocks
Reading Time: 2 minutesOne of my favorite current commercials is one by Progressive Insurance in which a new homeowner cleans his garbage cans. When asked why he says: “You can never be too safe”. To which the interlocutor replies: “With trash?” But maybe…
Top Gun FP Client Note: The Moment Of Truth For 2011
Reading Time: 5 minutesNOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
DFS: Signs Of Credit Stress
Reading Time: 2 minutesCredit card company Discover Financial Services (DFS) reported 4Q22 earnings after the close Wednesday. DFS has a total loan portfolio of $112 billion – $90 billon of which is credit cards. When consumers start feeling financial stress, it shows up…
