June 5, 2012 – Quote of the Day

“From day one the euro has not really worked. The problem is that it is creating a huge degree of lack of competitiveness because their culture is different,” said former Federal Reserve chairman, Alan Greenspan.

Read full story Comments are closed

Trade Alert – (SPY) June 4, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Read full story Comments are closed

Nonfarm Bombshell Sends Markets Scampering

Say goodbye to 2012. That was the harsh conclusion of the marketplace after the release of the devastating May nonfarm report that forced the Dow to give up its entire year to date performance. The cat was really set among the pigeons this morning when the Department of Labor informed us that only 69,000 jobs […]

Read full story Comments are closed

June 4, 2012 – Quote of the Day

“I will believe that corporations are people only when the states of Texas and Alabama start executing them,” said former Secretary of Labor, Robert Reich.

Read full story Comments are closed

Are We Probing a Bottom With Housing?

The March Case Shiller Home Price Index is out, showing that the fall in home prices continues unabated, paring -2.6% on a YOY basis. Detroit delivered the biggest drop, down a shocking -4.4%, followed by Chicago (-2.5%), and Atlanta (-0.9%). But 14 out of 20 markets managed increases in prices. The national index is still […]

Read full story Comments are closed

Dinner With Labor Secretary Robert Reich

I never resist a dinner invitation from Bill Clinton’s Secretary of Labor, Robert Reich. A Rhodes Scholar who dated Hillary Clinton at Yale, he unsuccessfully ran for governor of Massachusetts against Mitt Romney, and authored 13 books. Bob is never without an original thought, nor a stranger to controversy. Today he didn’t disappoint. On top […]

Read full story Comments are closed

June 1, 2012 – Quote of the Day

“If there is no monetary stimulus and no fiscal stimulus, obviously we are going to continue to grow slowly. We could be in secularly slow growth for decades,” said Harvard economics professor, Ken Rogoff.    

Read full story Comments are closed

Follow Up – (SPY) May 31, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Read full story Comments are closed

My Tactical View of the Market

The abject failure of the equity indexes to breach even the first line of upside resistance does not bode well for the “RISK ON” trade at all. Only a week ago I predicted that the markets would be challenged to top 1,340 in the (SPX) and $78 for the Russell 2000 (IWM). In fact, we […]

Read full story Comments are closed

May 31, 2012 – Quote of the Day

“What’s going on with Facebook? We had better IPO standards when Don Draper was on the scene,” said Sallie Krawcheck, former head of wealth management at Merrill Lynch.

Read full story Comments are closed

Trade Alert – (SPY) May 30, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Read full story Comments are closed

Apple Redux

The news out this morning that Apple (AAPL) may launch its HD television product in time for the Christmas holidays caused a nice pop in the stock this morning, so I thought I would quickly review the fundamental case behind owning the company. The story originated from rumors in China that its main manufacturer, Foxcon, […]

Read full story Comments are closed

Time to Buy JP Morgan

This is far and away the world’s premier banking institution. Estimates of the huge trading losses by the London “whale”, initially pegged at $2 billion, have since skyrocketed to $6 billion. I’ll ignore the Internet rumors that speculate about a $30 billion hickey. As you well know, almost everything on the net is not true, […]

Read full story Comments are closed

May 30, 2012 – Quote of the Day

“A lot of new economics involves the reading of a lot of old books,” said Nobel Prize winning economist Paul Krugman.

Read full story Comments are closed

Trade Alert – (JPM) May 29, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Read full story Comments are closed