The call for this week: I spoke at a number of events last week, and I found that the individual investors are not just cautious, they are scared. The two most voiced concerns are that this is just a rally in a bear market and the stock market has rallied too far too fast. Coincidenta
“You’ve mentioned several times in the past that a bull market typically has three legs. ” . . . Recent email correspondent So, yesterday I received this email: “You’ve mentioned several times in the past that a bull market typically has three legs. The first leg of the la
The call for this week: Despite the overbought condition, my work suggests the equity markets can trade higher into the mid-February energy peak often referenced in these reports. Despite that outlook, I do not trust the overbought condition the equity markets have currently worked th
A few days ago, we received this missive from our pal Leon Tuey: “As mentioned, mathematically, the Advance-Decline Line is simply the cumulative differential of advances and declines. Because of the way it’s calculated, it’s more reflective of the market’s health than any marke
“ARK believes that it is discounting the early stages of a deflationary boom, the likes of which has not been seen since the turn of the nineteenth century.” . . . Catherine Wood, CIO and CEO, ARK Investment Management I met Catherine Wood when she was a portfolio manager working at A
According to PenUltimate Editorial Services: “Editors make mistakes? What? How dare I go on record to state such a thing! Right off, let’s get one thing clear: editorial errors are inevitable. If that surprises you, it shouldn’t—we’re only human, after all (I know that’s hard to
The famous baseball player Roberto Clemente once exclaimed, “Outside, inside, ankle high, at the head – it didn’t matter. It’s not a bad ball if I can hit it.” Similarly, over the past few weeks it didn’t seem to matter if it was good news or bad news, the stocks could “hit it,” as mo
The call for this week: I thought the SPX rally from the December 24 “washout low” was likely going to run into the overhead resistance zone of 2600 – 2650. Last week’s intraday “print high” was 2597.82, which did indeed stall the rally. We doubt th
So yesterday morning I was a key note speaker at the Tampa Economic Forum in front of about 500 participants. The presentations kicked off with Rick Kriseman, who is the mayor of our city of residence, Saint Petersburg Florida. His words were inspiring. Next up was the mayor of Tampa,
