Leftover Dynamics
For me little jumps out on this Monday morning. Stocks are retesting the recent highs as the Greek news is better. Apple stock has gone parabolic in the past week, a sign that the rally is nearer the end than…Continue Reading →
Political Talk
No Reason to be Negative
That is all we heard the past few days on CNBC. In fact on the micro level I couldn’t see anything negative myself. Most of the earnings have been decent, especially any company that uses cheap Asian or Chinese labor. …Continue Reading →
January 31, 2014
That is when Bernanke’s term ends as head of the Fed. After listening to him being questioned in Congress the past two weeks all that I am left with is the realization that I have been delusional to think that…Continue Reading →
Austerity is Still the Elephant in the Room
The employment numbers certainly put a good face on the current economic situation. What looms going forward is the direction of the elections and whether the US follows Europe into the doldrums. At the moment we remain with our austerity based…Continue Reading →
It is all about Austerity
Keep in mind that austerity is the operative word for 2012. It is the direction that Europe and the Republicans are pushing the world. In a way it will be good in the long run. All the excesses will be…Continue Reading →
How Serious are Things Here?
There is no question that the CEO’s of the Fortune 500 companies put company before country, and much, probably the majority of the investment community would agree with that focus. Since the beginning of this country the battle between US…Continue Reading →
Tea Party, Obama, and Apple…………….with Fed Update at 1:05 PM CST
As we await Bernanke and the Fed to talk to us today, maybe it is time to take a look at bigger things like the fight to make the middle class stronger and the Apple effect, I’m talking about the…Continue Reading →
In Play Today: Apple, Gingrich, Dollar
Apple as we have been pointing out recently is an early warning stock at this somewhat overbought level. CNBC’s Kudlow last night had a couple of perma-bulls saying that part of the reason that they have been long stocks was…Continue Reading →
QE3 Lovers are in Focus Here
The financial press has been giving little threads of hope to the funny money, QE3 crowd since the beginning of the year. While the Fed may do something to try and help the mortgage/foreclosure situation, this will be a targeted…Continue Reading →
What Kind of Macro Reset will the Voters Choose ?
Today’s market view is unchanged from earlier comments this week. So here is just a comment on the Big Picture. In my view there is a 30 percent chance that the March 2009 low was the low of the markets…Continue Reading →