The market yesterday, as I predicted, was indeed quiet and moved between gains and losses over the course of the session. The biggest news today was that of a traffic jam scandal in the State of New Jersey. Even here in Nevada the incident was making the headlines. Today New Jersey Gov. Chris Christie will […]
Bed Bath & Beyond (BBBY)As I suspected, the markets opened higher and held onto most of those early gains by the close of trading on Tuesday. While there is a smattering of earnings this week, including one today for one of our LakeView Asset Management holdings – Constellation Brands (STZ) – for the most part, earnings season does not […]
Chipotle Mexican Grill (CMG), Constellation Brands (STZ), McDonalds (MCD)You might be thinking that the investment news so far this year is that the major indexes have fallen in the first three trading sessions. There is the theory that some belated or deferred selling took place on the first trading day of the year, which has some merit. There is also the fact that […]
Jet Blue (JBLU), ProShares Ultra Short Gold (GLL)We are in the midst of a secular bull market. This is the most hated bull market that I can recall during my career which began on Wall Street at Morgan Stanley (MS) in 1984. Unfortunately, most of today’s market participants; especially those under the age of thirty-five have never experienced a secular bull market. […]
Apple (AAPL), Caterpillar (CAT), Cisco (CSCO), Dow Jones Industrials (DJIA), Ford (F), Google (GOOG), McDonalds (MCD), Microsoft (MSFT), Morgan Stanley (MS), S&P 500 (SPX)As we are within a few hours of the ball dropping in Times Square, I wanted to take the time to reflect upon My Gut Feeling for 2013. Hence, here were my thoughts as we entered the year and how they fared: Bottom up estimates for 2013 earnings as complied by Standard & Poor’s for its […]
Aberdeen Israel Fund (ISL), Con Edison (ED), Duke Energy (DUK), Exelon (EXC), Southern Company (SO), Twiter (TWTR)Every year since 2002 I have closed out the year with my satirical look at the world through the eyes of a professional investor poking fun at what has transpired in our global society during the year we are about to turn the page on. At the end of this commentary, I will provide links […]
Facebook (FB), Kimberley-Clark (KMB), Macy's (M)A beneficial combination of strong 3rd quarter GDP and quarterly derivatives expiration resulted in markets vaulting to new all-time highs. While we are now in the midst of the year-end holiday doldrums, there are reasons to believe that the markets can forge higher, not only through the dropping of the ball on New Year’s Eve […]
Apple (AAPL), Gross Domestic Product (GDP)On Thursday, the equity markets enjoyed a picture perfect session with some consolidation after the huge rise on Wednesday. We heard this morning that 3rd quarter GDP rose by 4.1%, a 0.5% upward revision from prior estimates. No doubt that the Federal Reserve Open Market Committee or FOMC had this information in hand prior to […]
Blackberry (BBRY), Dow Jones Industrials (DJIA), ProShares Ultra Short Gold (GLL), S&P 500 (SPX)The Federal Reserve Open Market Committee or FOMC came down from its financial Mt. Olympus to deliver a decision on monetary policy. The market was as I predicted flattish, up till then. The headline decision was to decrease its monthly purchases of bonds by $10 billion to $75 billion. That is what was referred to […]
Darden Restaurants (DRI), Dow Jones Industrials (DJIA), Facebook (FB), Google (GOOG), Hershey (HSY), Nike (NKE), S&P 500 (SPX)The only reason that I am writing to you today is that I failed to hit the Mega Millions lottery last evening. Some lucky tickets holders in Georgia and California had the winning tickets. Yesterday the market bent but did not break yet failed to deliver my anticipated positive follow through to Monday’s session. As […]
Macy's (M)