The business press attributed the nervousness seen in market prices this past week to the various global conflicts grabbing the headlines. The media always has to have an actual reason for market retreats when in actuality, the markets took a breather and gave back all of the previous week’s gains. Markets go up and they […]
The headline front cover of Barron’s this week is: “The New Face of Wall Street.” This is a bit scary in that when Wall Street makes radical changes they appear at times when a trend is ending. Mortgage bundling was a New Face, that didn’t turn out well for the public and the country. Just […]
Has anybody noticed that today we can not only go to a pawn shop to hock stuff for quick cash but there is a web-site called Borro.com. Just turn on the television and watch their ads. They accept luxury handbags, wines, antiques, cars, watches, jewelry and precious metals for a quickie loan. Oh, they don’t […]
The recent data release from the bureau of Labor statistics (BLS) on Friday shows that there was no wage growth in the April reporting month. The actual facts are that there has been no upward movement in wages for years, when considering inflation yada yada. Will a minimum wage hike help; we seriously doubt that […]
The low for the S&P June future’s contract on April 14, 2014 was1803.50 and the high, seen on April 24, 2014 was 1882.50. That trading range will remain for the coming weeks unless either the upper or the lower levels are broken decisively. This week we will have a two-day FOMC meeting with no scheduled […]
The bull market in US equities continues. While many pundits are calling for a top, and we agree that there are ominous signs in this aging bull market to support that opinion, we must remind our readers that markets tend to move directionally and generally resist change. A bull or bear market can continue longer […]
The lines in the sand for the NASDAQ 100 are: 3413.70 and 3396.72. The 200 day moving average is sitting at 3388.23. The S&P 500 will find support at 1792 and 1780. We expect to see these markets open lower and then rally. No we are not totally oversold and continue to have some room […]
What Bitcoin the ETF!!!!! We are hearing that the Winklevoss twins have filed with the SEC for the Winklevoss Bitcoin Trust. In case you have forgotten, the Winklevoss twins enjoyed fame regarding their legal tangle with Mark Zuckerberg regarding Facebook. Tulips anyone? N’uff said! Leading up to the financial crisis of Lehman Bros….cattle cost an […]
We need to reflect this week on all that was learned during 2013. What did we learn? We learned that government printing presses do eventually affect the upward trajectory of the stock markets, that sell or buy the news works (decisions once made will have an upward bias because it is now a measurable event….known) […]
Okay so how many of you knew that once the S&P 500 approached 1800 that it would take it out? We would be willing to guess that the majority of our readers were of that belief. Any market watcher, worth listening to, would have come to that conclusion. Now that the mission is completed, […]
