While yesterday was an official travel day for me, I was able to stay on top of the market action. For the most part, the markets were nonplussed for the first half of the session. Then, after Atlanta Fed President Dennis Lockhart said that he supports further reduction in quantitative asset purchases (i.e. tapering), the […]
JP Morgan Chase (JPM), S&P 500 (SPX), 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)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)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)