Over the weekend, as a result of the G-20 meeting, the United States and China agreed to a deal in which the nations would defer the implementation of additional tariffs for 90 days and work during that period on a new trade agreement which would also tackle intellectual property issues. As a result, on Monday, […]
There is no doubt that the recent two-month correction has been quite painful for investors. Every correction has its own unique “explanation” for the decline. Not only does it vary, but it is unpredictable. This time around there appears to be several theories for the decline. One theory I have already discussed, is that of […]
“It’s just another manic Monday I wish it were a Sunday That’s my funday An I-don’t-have-to-run day It’s just another manic Monday” — The Bangles “Manic depression is searching my soul I know what I want But I just don’t know How to go about getting it” — Jimmy Hendrix The markets […]
Scott Rothbort will be appearing on CNBC at 3:30 Eastern, 12:30 Pacific. The topic will be Berkshire Hathaway’s (BRK/A; BRK/B) earnings; what will be Warren Buffett’s next moves; and, perhaps my thoughts on Apple (AAPL) after its earnings related sell-off. Hint: Buffett needs to reduce bank holdings and add to AAPL _______________________________________________________ Disclosure: At […]
It is getting real nasty out there for the stock market. Biotech, growth and tech stocks which led the market rally are getting taken out one by one and getting shot between the eyes. There is plenty occurring below the surface which is likely contributing to the market weakness and volatility. To the casual observer […]
Many factors took the markets lower late last week. Some in my opinion were relevant. Most were not. Here is my litmus test: What Does This [news] Mean for a Factory Worker in Ohio? Think about it. Whether it is industrial production; average hours worked or other factors that impact a middle-class factory worker; those […]
Sears Filing Chapter 11 Sears Holding (SHLD) made it official yesterday, filing for Chapter 11 bankruptcy protection. This is the company that once sold home building kits to Americans from its famous catalogs. Sears was known for its Craftsman and Kenmore brands. Discover Card (DFS), the innovative cash back credit card; was launched by Sears […]
It has been some time since we experienced a wholesale panic in the markets such as occurred yesterday. Panics are irrational, emotional, painful and often short lived. There is no doubt in my mind that this panic is all about Federal Reserve interest rate policy. President Trump said “I think the Fed is making a […]
Greetings from Henderson, Nevada. We made the annual trek from the summer quarters on the east coast to the Silver State (which is the largest domestic producer of gold) and did so safely. Along the way we made a few stops including the Gateway Arch in St. Louis, the Cadillac Ranch in Amarillo, Texas and […]
The so-called FANG stocks – Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (now Alphabet) (GOOGL) – as penned by my colleague Jim Cramer have been the source of much hype and profits for investors the past two to three years. Some people include Apple (AAPL) in that acronym and others do not. I exclude […]
