Welcome to September, the month of: back to school; hurricanes; the autumnal equinox; and the Jewish New Year. It is also, historically and on average the worst month for the market. After what has to be considered a spectacular month of August, with the S&P 500 (SPX) rising 3.77% and closing above 2,000 and at […]
After bottoming with a decline of 6.1%, on an intra-day basis, the S&P 500 (SPX) not only put in its first winning week of the year but is in the plus column for February. The CBOE Volatility Index (VIX), what I refer to as the “sucker” index crashed nearly 29% from its recent spike, indicating […]
Harley-Davidson (HOG)The markets continued to try to gain back its land legs with modest advances on Tuesday. After the markets closed in the US, Turkey announced a doubling of its interest rates, sending the Turkish Lira higher and putting a bid into US equity index futures. However, the advance in futures dissipated overnight and turned to […]
Boeing (BA), Yahoo (YHOO)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)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)