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)As expected, the markets opened on a strong note and then attracted some selling. Then for the rest of the session we pretty much flat lined. Buyers stepped up in the realization that: 1) selling pressure is weak and 2) the stock market is still cheap. The pullback, while less than I anticipated, nevertheless sent […]
AMC Entertainment (AMC), Apple (AAPL), Boeing (BA), Chipotle Mexican Grill (CMG), Qdoba (JACK)Where do I begin? To say that yesterday’s market would be unexciting and lethargic was an incorrect understatement. Rather the market, nay, the country was subjected to an exogenous event. When that occurs, all bets are off and you have to turn on risk management mode. Understand that risk management mode is not sell or […]
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 in the year we are about to turn the page on. You can access a complete list of all prior years’ […]
This content originally appeared on TheStreet.com’s RealMoney Silver on Dec. 20, 2007 but is no longer available on that website. Another year has passed. I hope that you are all a year healthier, wealthier and wiser. As I have done for each of the past five years, and back by popular demand, I would like […]
