Phew! Stock Market Correction is Over!
Actually I have no idea if the correction but it truly amazes when the market goes down for a stretch the extent to which pundits all pile on that it is going lower then the market has a day like yesterday and we hear about earnings growth and stronger...
Facebook Goat Rodeo
The price of Facebook (FB) stock is well below the $38.00 offering price in the pre-market unofficially making it a goat rodeo. Apparently syndicate bids aren't what they used to be.Facebook is clearly a life improving service for people interested in ...
Sunday Morning Coffee
Some of you may know about a fire near Prescott called the Gladiator Fire. It started last Sunday as a structure fire that got into the forest. This fire is now close enough to Walker that we need start preparing to evacuate and as fire chief I am obvi...
The Big Picture for the Week of May 20, 2012
A reader asks;What percentage of your client's equities do you sell if the 200-day is breached?There is no specific answer. Part of the process as mentioned in past posts is having an understanding of market history and combining that with what appears...
Check Yourself
Yesterday I was asked a question about preemptively taking defensive action before a breach of the 200 DMA in what has obviously been a poor tape for the last couple of weeks or so. Weeks like this is exactly what all those posts about discipline and a...
Trade Executed
If you watch any of the shows on stock market television with real traders then you have heard them say on more than one occasion something like "we bought at the low in the after hours yesterday" or "we sold at the high two days ago." Well this isn't ...
Black Swan Alert–Financial Stocks Still Stink
Before anyone gets worked up, the title of this post is meant to be sarcastic, I realize a decline in bank stocks is not a black swan. If anything it is a white swan as I have been saying from the time we knew it was a crisis that there would continue ...
Sunday Morning Coffee
Just a brief comment or two about the upcoming Facebook (FB) IPO. According to Barron's, FB has a "user base of 901 million, or 58% of the globe's Internet users (not including China, where the site is restricted)." Barron's quoted company filings as f...
The Big Picture for the Week of May 13
The other day I stumbled across an article about the dividend yields for four gold mining stocks including Anglo Gold Ashanti (AU). Before the SPDR Gold Trust (GLD) came along we used AU for our gold exposure. It did ok and then starting in late 2005 i...
Individuals Have No Business Picking Stocks? Really?
Yesterday on CNBC Steven Rattner made a lot of noise by noting that individuals have no business picking stocks, that they should instead only use index funds. Later in the day the network picked up the ball to try to extend that conversation in a segm...
How Bad Is Europe?
The chart tracks the S&P 500 SPDR (SPY) against what I believe are all of the Eurozone ETFs; iShares France (EWQ), iShares Spain (EWP), iShares Germany (EWG), iShares Italy (EWI), iShares Belgium, iShares Netherlands (EWN), iShares Finland (EFNL) a...
What Does Long Term Actually Mean?
There was a post at Seeking Alpha about client holding Johnson & Johnson (JNJ) with the title JNJ Is Not A Good Long Term Investment For 2012. This was a pretty funny headline. The author made a bearish case mostly noting the lawsuits and image pro...
