The Senator from the Great State of Israel, I mean the Prime Minister from the State of Israel, Benjamin Netanyahu gave his much ballyhooed speech to Congress on the subject of Iran and nuclear weapons. If BiBi could run for President of the United States, he would be swept into office. Obama, Pelosi and Hillary […]
The markets fiddled about most of the day, traded within a narrow range and then managed to close in the green, with another record in the books for the S&P 500 (SPX) and Russell 2000 (RUT). Of course, Apple (AAPL) also put in another all-time high of its own. GoPro and Shake Shack GoPro (GPRO) […]
Friday’s labor report for the month of November reported job gains of 321,000, nearly 100,000 more than expectations of 230,000. Furthermore, October’s job count was increased by an additional 31,000. The market, as I expected, responded positively, but rather muted with the S&P 500 (SPX) rising about 0.17% to a new all-time high. The Dow […]
The equity markets opened higher and for the most part did not get faded at all. This is contrary to what we expect to occur on a Monday. Mr. Market likes to keep you on your toes and will do its best to befuddle you, which is exactly what occurred on Monday. As any statistician […]
Strong consumer confidence and new home sales helped to move markets higher in the first half of yesterday’s market session. However, the same old worries over Iraq triggered profit taking in the afternoon. It felt a lot worse than it actually was. In the morning I sold a small laggard position to raise some cash. […]
It was a weird day in the markets yesterday. The market opened lower as it appeared that shorts were trying to front run Janet Yellen’s testimony. Once her testimony began, the markets caught a bid, which clearly fouled up their strategy. As the day wore on, another round of selling took place. Then in the […]
Today’s lesson is from the Book of Dividends, a lesser known but vitally important piece of scripture written by the ancient Israelis and kept in a secret secure location for centuries. My paternal grandfather died in 1980. As he was predeceased by my father, I was left a modest amount of money which I received […]
