*)Making Sense Of The Sudden Market Plunge; The global deflationary wave we have been tracking since last fall is picking up steam. This is the natural and unavoidable aftereffect of a global liquidity bubble brought to you courtesy of the world’s main central banks. What goes up must come down, and that’s especially true for the world’s many poorly-constructed financial […]
Ruchir Sharma argues in today’s WSJ (“The Federal Reserve Asset Bubble Machine”) that the Fed’s easy money policies have created dangerous asset market bubbles in “stocks … bonds, houses and every other financial asset.” In particular, he claims that his “composite valuation for the three major financial assets in America—stocks, bonds and houses—is currently well above levels reached during the […]
The market was looking solid until the ECB headline on Greek debt. Biotech stocks were hit hard to start the day with disappointing earnings set the tone for the NASDAQ early on. The Dow Jones Industrial average erased early losses due to a boost from DIS after the company posted better than expected earnings. Buyers were certainly out in full […]
We had some technical difficulties tonight so no market recap video today but I posted an idea session last night where we looked at some recent winners to see which names might be good ideas go forward, on my Ticker.tv channel, Mark333.Indexes opened down as oil weighed, and stayed weak all day in a quite miserable session. Investors have become […]
SummaryThe powerful rallies of 2013 and 2014 were driven by extreme Fed money printing to buy up bonds, and the Fed’s associated implied backstop for the stock markets.
But with QE3’s new buying terminated and any QE4 a political impossibility with the new Republican Congress, 2015 is going to look vastly different without QE.
With the Fed’s balance sheet and zeroed interest […]
Entering the week we noted holiday weeks are generally known for quiet, low volatility sessions with a modest upward skew – and that is exactly what we have seen this week. The S&P 500 gained 0.28% and the NASDAQ 0.61% as buyers slowly came into the market all day. Orders for U.S. business equipment such as machinery and electrical gear […]
SummaryOne can get a sense of whether a manic phase in the uptrend is underway based on pockets of stocks which exhibit irrational outperformance.
The two areas which have been the attention for speculators have been Biotech and Social Media.
If Social Media stocks keep faltering, it would mean risk sentiment in high flying stocks is unable to stick.
“Sometimes being a friend […]
Indexes were in a light pullback mode until news hit of the Malaysian Airlines crash, which accelerated selling significantly. At the end of the day the S&P 500 fell 1.18% and the NASDAQ 1.41%. This was the biggest one day drop for the S&P 500 since early April, as most of the pullbacks this spring came in the NASDAQ not […]
Everyone seems to have a Top 10 list, so here’s this week’s Top 8 reasons why traders be a little nervous about stocks at these levels.
1. Low volume: Lowest four volume days of the year for the S&P 500 (NYSE: SPY) have occurred in the past 10 trading days.
2. Low VIX: Even with the slight bump up recently, VIX still […]
Today was a perfectly healthy session for a market that has changed complexion over the past week. We said numerous times in yesterday’s recap we could stand a day or two of rest after a hectic move up, especially in the NASDAQ. The S&P 500 fell 0.11% and NASDAQ 0.28% – these are reasonable pullbacks. There was a sharp drop […]