Last week I started a blog called, Stocks Leap on False Impression, but had to leave on a business trip before I had a chance to post it. Sorry about that. Here’s the opening to that blog: The U.S. Department of Labor announced that the unemployment rate dropped to 7.8% from 8.2%. I have a hard...Read More
Gas prices in my area have once again started rising and are now comfortably over $4 per gallon. With another northeast winter just around the corner, home heating oil is poised for $5 per gallon by first frost. Consumers and investors alike should expect a steady and rapid rise in price from these current levels....Read More
The other day I was talking to my friend Billy about the recent move Dow Jones made to the Industrial Average – a move, no doubt, prompted by the Supreme Court’s decision regarding the Affordable Care Act. That decision changed the Market significantly. Shortly thereafter, on July 7, 2012, I concluded in Supreme Letdown: “The “healthcare boom” begins...Read More
As mentioned previously, QE announcements in Europe and America sent stock prices soaring. The 15-51 strength Indicator posted another new all-time high, closing over 70,000 points for the first time in its history. The same news pushed the Dow Jones Industrial Average over the action zone high, and officially into a territory known as irrational exuberance. The Average ended the week...Read More
Just a few days after posting Where There’s a Boom…, European Central Bank president Mario Draghi announced that he was ready to follow America’s lead and implement a Euro Zone version of quantitative easing (QE) – this in an attempt to soften its deepening economic crisis — and it sent stocks flying. Like in the U.S.,...Read More
As the Federal Reserve inches closer to implementing another round of monetary smoke and mirrors, gold has once again taken over the Dow Jones Industrial Average for the year. Gold is up 8%, the Dow added 7%, while the 15-51 Indicator has gained a stunning 40% so far this year. It is, in fact, performing...Read More
The Dow Jones Industrial Average shed 1% of its value this week as news surrounding the “fiscal cliff” continued to mount. To the contrary, the 15-51 strength Indicator gained 1.5% and gold rose more than 3%. Here’s the year-to-date picture. The Dow and gold have been in a street fight for most of the year. One indicates...Read More
“The market” continues to tiptoe towards the action zone’s high point. The Dow Average is up 8% for this year despite lackluster economic growth and poor Market fundamentals. Stock market strength is up 34% year-to date and gold is keeping pace with nominal GDP, up 3%. Here’s the picture. For the most recent twelve months, the DJIA...Read More
I’ve been following the facebook scandal since before the stock hit the street. In Facebook Flop, Too Big to Succeed, I said “IPO’s commonly find their way into mutual funds. So if you own a mutual fund you might have lost a few bucks on facebook and don’t know it [yet]. That’s another hidden cost of pooled investment...Read More
