The word “bubble” gets thrown around a lot in this business, but true bubbles are actually quite rare and require more than just a large appreciation in price. The Dot Com Bubble of the late 1990s was certainly one such “real bubble” in stock prices, and it rem
The call for this week: The S&P 500 (SPX/2786.57) has traveled back to its February 27, 2018 intraday high of 2789.15, which was where our short-term model “said” would be a near-term top a few weeks ago. At the time the stock market’s internal energy was totally
“When the market gets good news and goes down, it means the market is very weak; when it gets bad news and goes up, it means the market is healthy.” …Marty Schwartz, as interviewed in Market Wizards by Jack D. Schwager We have extoled the investing virtues contained within
“The departure of Gary Cohn is a very big deal for two reasons. First, it signals that protectionist ideologues have prevailed over market-friendly pragmatists. Second, the vast majority of Republicans are in open rebellion against Trump on tariffs.” . . . Greg Valliere It
* I am in Orlando attending the 39th Annual Raymond James Institutional Investors Conference and had put what I thought were the finishing touches on the Charts of the Week late yesterday when news broke that Gary Cohn, the chief economic advisor to the president and chair of the Nati
“It’s violence on televisions, not violins; violence.” “Never mind!” . . . Chevy Chase and Gilda Radner (Emily Litella) on SNL All of us used to fuddle around on Saturday back in the 1970s to watch Saturday Night Live (SNL). It was a heady time when SNL h
The call for this week: As stated in Friday’s Morning Tack, “We didn’t think it would happen, but happen it did as President Trump announced tariffs on steel and aluminum on Thursday.” Subsequently, all day Friday various media outlets asked us what was going t
The release of Warren Buffett’s annual letter to Berkshire Hathaway, Inc. shareholders has become a much-anticipated event for investors. We always look forward to the “Oracle of Omaha’s” musings despite our strong suspicion he wouldn’t spend much time re
“A ‘melt up’ is the informal term used to describe markets that experience a rapid rise in valuations due to a stampede of investors anxious not to miss out on a rising trend.” . . . Investopedia We heard the term again yesterday. It is a term we have heard man
