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Another incredibly wild, volatile week — a three week period for the record books. The markets are dealing out some serious punishment to the bulls (and so many of the bears I know have already covered and/or even been trying to buy the bounces that the bears are feeling the
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As I pulled out the driveway early this morning, my truck pops a tire. Flat, dead. The air pump I retrieve from the barn’s got the wrong head on it so we replace it with one the right size. The air pump’s out of air so we go
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Good morning and welcome back to the arcade. Put your quarters in and play your game. The markets started the days ugly, but have managed an intraday rally and there’s some green peaking through the screen. Marvell came through for us, as the report was pretty darn strong throughout
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“Setting a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan.” — Tom Landry That was sloppy, ugly, nasty, slippery, etc-y. In yesterday’s chat, I’d had this discussion with a subscriber: Q: Do you think we’re
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The markets are flatlined down 3-4% across the board today and as one analyst note smartly put it, “There’s just a complete buyer’s strike out there.” That, and there are obviously a lot of folks running for the hills. The emotions are running the markets right now. And
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This morning brings us a retest of the lows. The traders/investors are, as I noted repeatedly the last couple days, feeling very emotional after the recent volatility. And that’s got them, as I’d paraphrased Janes Addiction in saying, “jumping out of their flesh because it hurts so
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You guys know how often I point out that the mainstream media’s explanations for a single day’s action in the markets is usually rather insultingly stupid? At least this reporter finishes her article with a punchline admission of what the real catalyst for ANF’s 10% decline today
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I have your car towed all the way to your house and all you’ve got for me is *lite* beer? – Biff Tannen Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See
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There’s the fade that the bulls didn’t want to see. It’s not quite slippery out there, but it’s muddled. Breadth isn’t bad, at about less than 2 to 1 negative, but there’s no oomph out there. So be it. More importantly, I’ll be
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Let me cut to the chase. I’ve got a brand new long stock pick for the portfolio. This name’s gotten crushed on no fundamental changes to its business during this big downturn, and we’ve now got the opportunity to buy the stock near 52-week lows and at
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“You gotta build a base.” 0.01% — that’s how much the Nasdaq is up as I write this. And that’s not a bad thing for the bulls at all, as I keep saying. Because building a base is important, as one of my old UNM Lobo basketball teammates
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Some lyrics that likely capture the market’s mood out there to finish up the day: Comin’ down the mountain, one of many children everybody has their own opinion everybody has their own opinion holding it back hurts so bad jumping out of my flesh and i said – ‘Cash in!