In general, I don’t like throwing good money after bad by adding to a losing position.We can talk often ourselves into doing so by using phrases like “buying the dip” and “averaging down.” But the the truth lies somewhere in between. For example, an individual stock position may go against you due to broader market or sector news. Or an ETF you […]
On Tuesday, Janet Yellen gave testimony before Congress. She does this twice a year, just after the conclusion of her semiannual “Run for the Presses” charity marathon. In her speech, Fed chair Yellen stated that, despite the recent strong job reports, she won’t conclude that the economy has recovered until the following metrics are met:
1. Wages must rise.2. Discouraged workers […]
Twitter (NYSE:TWTR), in tandem with other social media names, kicked into high gear during soccer’s just-concluded World Cup. Even with the tournament over, however, shares aren’t quite ready to kick the bucket. Today the stock is boosted by an equity analyst who cites strengthening fundamentals.
Après moi, le déluge, the legendary line of Louis XV from France, proved pretty profitable investment advice on […]
Investors in Lumber Liquidators (NYSE:LL) are hitting the roof, as there appears to be no floor to how low the hardwood-flooring firm will fall. Its stock, fresh from yesterday’s 8.06% implosion, is tumbling another 20.49% even as we speak. This, after the company pre-announced awful Q2 earnings that included a shocking 7.1% slide in its same-store sales.
October is hands down the single scariest […]
Someone once asked me to describe reversion to the mean in as simple terms as possible. My reply was if you know someone who’s normally ‘”mean” and then they are nice to you for a few days, chances are they’ll revert back to being mean. [Likewise, periods of high volatility tend to be followed by periods of lower volatility.] Conversely, […]
Just as the Wall of Worry was about to drop into dangerously complacent territory, Old Man Iraq rears up to give us something to worry about and then some. After a brief and shallow dip, the S&P 500 (INDEXSP:.INX), Dow (INDEXDJX:.DJI), and Nasdaq (INDEXNASDAQ:.IXIC) came ripping back up. The S&P 500 went as far as hitting yet another Rita Coolidge “All-Time High,” while […]
Editor’s Note: Todd posts his vibes in real time each day on our Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO.I find I’m so excited that I can barely sit still or hold […]
Editor’s Note: Todd posts his vibes in real time each day on our Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO.Get busy living, or get busy dying.
— Andy DufresneA few days ago I […]
Money managers are unhappy because 70% of them are lagging the S&P 500 and see the end of another quarter approaching. Economists are unhappy because they do not know what to believe: this month’s forecast of a strong economy or last month’s forecast of a weak economy. Technicians are unhappy because the market refuses to correct and gets more and more extended. Foreigners […]
Let’s start with the good news since it’s been in rather short supply as of late in Marketland. The Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) bounced back from their latest NCE (Near Correction Experience), leaving the first two close to their all-time highs and the third back in mountain-climbing mode. That said, where has all the volume gone?
Now, […]
