Is it UH OH time?
As our long-time readers know, we consider the NASDAQ the Mary of the Markets; where it goes the others tend to follow. Mary has been going backwards and really put it in reverse to start the week, down 2.66%. Ouch!...
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What’s Next Is Predictable
Stocks have traded in a predictable upward channel since the November election. Traders take some profits when prices hit the top guardrail and buyers emerge at the bottom guardrail. Prices bounce around in between the guardrails, ultimately with an upward...
The Four Times This Happened, Stocks Went Lower
That didn’t take long. Wall Street put down the Reddit GameStop raiders and stocks shot higher. It’s not a coincidence, it’s an unmistakable message; if you mess with the bull, you get the horns. Amongst friends, I use more colorful...
Where To Find The Next GameStop
What to make of this market? Violent swings up and down with r/wallstreetbets, Reddit message board users banding together with memes to send GameStop Corp. (GME) and hedge funds into a frenzied game of high-stakes chicken. Hint: Wall Street is...
A Lesson To NEVER Forget
I am not worried yet, just getting concerned. Chatter is starting to build on “high valuations”. Yes, they are. Bank of America (BoA) also reports that S&P 500 companies topping Wall Street’s earning estimates and/or providing upbeat guidance aren’...
Big Spending + Easy Money = Higher Prices
Stocks ended last week on a sour note. Perhaps, Wall Street read last week’s newsletter and came to grips with valuations and 2021 earnings expectations. Although, based on what we’ve heard from President Joe Biden, stocks should continue to have...
Presidential History Says To Expect A Big 2021
Stocks got off to a rough start to the second week of 2021. Some profit taking is not unexpected following a week of strong gains. Despite the chaos of last week, the markets moved to new highs after the Georgia...
Dog Days Ahead?
“May you live in interesting times” is a well-known saying but uncertain in its origins. It’s thought to be a Chinese Curse, so says Wikipedia (1). Supposedly, it stems from a proverb, “better to be a dog in times of...
Closing The Year On A High!
President Trump signed the $900 billion-plus, COVID relief package late Sunday night with promises from the House and Senate to make good on a couple of the President’s demands, most chiefly payments of $2000 per person and $600 per child....
