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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!
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It’s slippery out there again today and my little “hey, it’s less than 1% today” statement didn’t last through the Ruidoso lunch time. You guys know what my stance is at this point — letting the markets play this phase out a little bit more. I bought more
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Back about five years ago, one of my mentors noticed that the S&P 500 hadn’t had a 1% up or down day in months…I’ll pull up the actual stats for you guys later, but the point being that are times in the markets that are
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“And we’re back.” I bet I said that 2-3x per show during my 528 episodes of hosting Fox Business Happy Hour. But I mean it in an entirely different context this time. This time, I mean, “And we’re back to where we were before the idiots at S&
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I spend a lot of time trying to look past the headlines, as you guys know, because I think the headlines are usually misleading, stupid half-truths. At best, the headlines can tell you what is already priced into the markets. At worst, they’re used as propaganda. Anyway, today’s