If the economy were going off the cliff there would be no question the stock market would be in trouble. But the Nasdaq has just hit a 12 year high, and it’s even in September – historically the worst month of the year. For the first week of this month markets are up anywhere from…
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Mr Obama, be careful what you wish for! Back in 2008 the President campaigned on ‘change’. This time around, the theme is ‘forward’. We got change, but that may not necessarily move us forward, unless we change again. I’m not going to get into politics here, but since we are in the midst of political…
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Once again, August in Europe means little to report from there. This is not to say that nothing has happened, since Greek premier Antonis Samaras has been travelling around the continent’s capitals with begging bowl in hand, but we shall not know his degree of success for a while. Probably not a very long while,…
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It used to be those late summer days of trading were so slow that it felt like the market was in a food coma following that big Thanksgiving meal. The early summer rallies would give way to lethargic action because not only are there no holidays in August here in the US but political wranglings…
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Harken back about a month ago, when the ECB Chairman Mario Draghi came out some bold comments about future action, including ‘We will not let the Euro fail’, and ‘We will do whatever possible to fix the problem – believe me, it will be enough’. I take this man at his word. Did Draghi have…
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Are you listening to the markets or is some pundit/expert pounding it in your head what the next move should be? Ask yourself – what makes them smarter than you? Experience? Wealth? Influence? I find it very hard to trust others’ judgment when there are blanket statements being made about where the next move will…
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An athlete trains constantly to get better, practices hard and gives every ounce of effort to be successful. They are a rare breed, those with God-given talent who are able to excel at just the right time. We recently were treated to some amazing performances in the Olympics, some by well-known personalities and many by…
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A great explanation is set forth here in this great article by Ryan Detrick of Schaeffer’s Investment Research. Here he tells of some valid reasons for low absolute volume, of which there are good arguments. We just don’t see the big numbers as we used to see for various reasons. This is an excellent summary…
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Greece has gone quiet – it is August after all, when by tradition nothing much happens in Europe, even in nations whose finances will supposedly not survive to see September. We don’t have much to say about this, but suspect it will turn out that there is a bit of a story here. It looks…
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If there is anything hotter than the weather across the country then let me know. The sweltering heat here on the west coast, with temperatures easily passing triple digits make us all lethargic, move slowly and wanting to sit it out. Kinda what we are seeing in markets, right? Volatility has been crushed, volume is…
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