It was a perfect storm on Monday for the markets. A confluence of events: snowstorm in the NYC metropolitan region, weak auto sales and disappointing ISM (manufacturing data) led to a panic selloff on Wall Street’s stock markets and run to safety in the gold and bond markets. The fact that it was a Monday, […]
Dow Jones Industrials (DJIA), Manufacturing, S&P 500 (SPX)When you read the box score for a sports game you really don’t get a feel for what took place on the field. All that you obtain is the bottom line, the final score. While the bottom line, i.e. the closing prices, is important in the world of investing, the ebb and flow of activity […]
Apple (AAPL), CBOE Volatility Index (VIX), Dow Jones Industrials (DJIA), NASDAQ Composite (IXIC), ProShares Ultra Short Gold (GLL), S&P 500 (SPX)Believe it or not, the poor start to 2014 is a thing of the past. The S&P 500 (SPX) closed above its December 31, 2013 closing price and set an all-time high in the process. Just two days ago, we were supposedly destined to a massive correction. The best laid plans of bears were thwarted […]
A, Bank of America (BAC), Blackrock (BLK), Dow Jones Industrials (DJIA), Goldman Sachs (GS), Intel (INTC), Invesco European Growth Fund (AEDCX), S&P 500 (SPX), Viacom (VIA), Wisdom Tree Europe Small Cap Dividend Fund (DFE)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)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)