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My Gut Feeling For Today, January 30, 2014: FOMC Tapers Yet Again
The Federal Reserve decided to scale back or taper its assets purchases by another $10 billion per month. I had expected the possibility of a pause but apparently, the December economic data was good enough to convince them that less stimulus was necessary. As expected, the market opened weak, rebounded a bit and then went […]
Facebook (FB), Google (GOOG), S&P 500 (SPX)10 Things I Won’t Miss About 2013
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)My Gut Feeling For Today December 19, 2013
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)