“Hey Jeff, was that it? Was that the pullback you were looking for?” . . . Many financial advisors yesterday So the question du jour yesterday was, “Hey Jeff, was that it? Was that the pullback you were looking for?” My answer read like this: “Well, the S&P 500 pulled back f
Blondie: “You may run the risks, my friend, but I do the cutting. We cut down my percentage, it’s liable to interfere with my aim.” Tuco: “But if you miss you had better miss very well. Whoever double-crosses me and leaves me alive, he understands nothing about Tuco.
My friend Brian Westbury, of First Trust fame, wrote yesterday: “It’s a Bull Market! S&P 500 up more than 20% from Christmas Eve low. This proves the fourth quarter downturn was just a correction, not a Bear Market.” Of course, I have never varied on the bull market thesis since O
So, I spent part of my day yesterday trying to respond to this question: “I have been in the investment business 38 years or since 1981. I’ve never heard the term ‘Polarity Flip’. Can you just simplify for me what that means short term? How shallow will the pullback be IF it occurs 1%
“If there is one thing to be gleaned from the futures market this morning, it is this: the Dow Jones Industrial Average is not ‘the market’. When one refers to ‘the market’, think the S&P 500.” . . . Briefing.com If I have heard it once, I have heard
The call for this week: As I wrote on Friday, the weak economic outlook from the ECB, continuing reduced earnings estimates, worries about the Mueller Report, renewed Chinese trade war tensions, the underperformance of the cyclical sectors bringing on cries of recession, all proved to
“In business school they try to make investing complicated. It is not.” . . . A wise Wall Street wag Back in the early- 1980s I used to haunt the halls of Fidelity when the headquarters were located on Devonshire Street. At the time the analysts were not allowed to have quote machines
“The Chinese word for “crisis” (危機, weiji in Chinese, kiki in Japanese) is composed of the two characters for “danger” and “opportunity.” I do not know if it is true, but for decades I have heard the Chinese saying, “The Chinese word for ‘cris
“I had been thinking about you all week. Thinking what a chore it must be for you to churn out meaningful comments almost every day. Well, with today’s comments YOU admit it.” . . . A Raymond James financial advisor Yesterday I received this email from a financial advisor, “Hey Jeff,
