This week started on such a positive note with the reassuring words of a dove, yet ended so harshly. This time of the year it’s supposed to be the other way around with the lamb having the final word as months of a less threatening nature await ahead. Instead, after Friday’s close, whatever optimism may have been generated…
Everything is crystal clear now. After three straight weeks of losses to end the trading week, including deep losses the past two weeks everyone was scratching their heads to recall the last time a single month had fared so poorly. What those mounting losses accomplished was to create a clear vision of what awaited investors…
Last week confirmed that I still like earnings season, which as behavioral adaptations go, is a good idea, as it never seems to end. Better to learn to like it than to fight it. Based upon comments heard over the past few weeks, approximately 25% of the year represent critical earnings weeks. You simply can’t…
Some things are just unappreciated until they’re gone. If you can remember those heady days of 2007, it seemed as if every day we were hitting new market highs and everyone was talking about it when not busy flipping houses. Some will make the case that is the perfect example of a bubble about to…
With the S&P 500 having reached an all time high this past week you could certainly draw the conclusion that a government shutdown is a good thing and flirting with default is a constructive strategy. At a reported cost of only $24 Billion associated with closure and nothing more than a symbolic “Fitch slap” credit…