If you watch CNBC, Bloomberg or Fox Business and read any of the hundreds of financial publications printed every day you’ve likely heard an onslaught of investors who say “the [ … ]
Tag: dow
CHINA PMI AND RETAIL SALES
There is no denying a global slow-down now. China’s PMI slowed to 38 today. This was the lowest level since 2005. In my opinion, this is just another alarming datapoint. [ … ]
IS THE MARKET DUE FOR A RALLY?
The stock market is unbelievably oversold. According to Bespoke research the market has never been this far below its 200 day moving average. Fear gauges are soaring and full on [ … ]
IS THE MARKET “CHEAP”?
There are many mice out there who are viewing this value trap as a great big tasty piece of cheese with no surrounding trap. Stocks are not even close to [ … ]
IT’S ALL ABOUT EARNINGS
As we often say, corporate earnings are the key to future stock market growth. The housing picture is simply the largest element impacting current and future earnings. Over the last [ … ]
ROLLERCOASTER MARKET
The market rollercoaster has picked up momentum. In our last missive I said: “I am not an alarmist, but the people telling you that these are not very serious times [ … ]
COULD THE MARKET CRASH?
The last few weeks have been truly unprecedented. Banks literally are not lending money. They won’t even lend overnight to each other because they don’t trust the counter party. It’s [ … ]
RISKS INCREASING IN EQUITIES
The TED spread is the difference between the yield on the 3 month t-bill and the 3 month LIBOR (London Inter Bank Offered Rate). This is, in essence, the risk [ … ]
IS THIS A “BAILOUT”?
We have a major capital problem at the U.S. banking level. What Ben Bernanke and Hank Paulson are essentially proposing is an asset swap. The Fed will take on the [ … ]