Monday’s session was a classic one-day blunder. It was a bear trap that caught the ursine crowd not looking and snapped shut on them. That is not to say that a correction won’t or can’t occur. It is just not happening right now. Google (GOOG) announced that it has come to an agreement to purchase […]
Apple (AAPL), Best Buy (BBY), Costco (COST), Google (GOOG), Home Depot (HD), JP Morgan Chase (JPM), Wells Fargo (WFC)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)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)