Have you heard of Warren Buffett’s two famous investing rules? Rule number one: never lose money Rule number two: never forget rule number one As virtually all investors know… Safety matters in investing. But what investment class offers real safety to investors? In one sense, interest bearing savings accounts with less than the $250,000 Federal Deposit Insurance Corporation amount…
In last week’s update, I discussed the short-term oversold condition that existed at that time. To wit: “As you will notice, the reflexive rally, and subsequent failure, have tracked the original predictions very closely up to the point. With the market once again very oversold on a short-term basis, it is likely that the markets could manage…
We start by confronting the catastrophe called NFP and its implications. We then continue to Japan’s worsening outlook and easing prospects, follow with natural gas as autumn leaves settle in and preview the big events coming up. You are welcome to listen, subscribe and provide feedback. NFP Nightmare: It’s hard to find a silver lining in the…
The Federal Reserve has been a major topic among investors for quite some time now. That’s because the Federal Reserve has been working to increase its baseline interest rate since the beginning of the year. In fact, the Fed announced in late 2014 that it would be increasing its rate by the end of 2015….
About a year ago, I was meeting a client at a restaurant in Marina Del Rey, California. The traffic had been mild by Los Angeles County standards, so I arrived in the area early. I stopped in a local coffee shop and sat down in a booth. Lo and behold, in the booth next to…
We may have seen some type of low in oil. As said before, bad news hasn’t been met with more selling of late. Now testing 72-day moving average and the downtrend line going all the way back to July 2014. A pop to the 200-day moving average, the lower end of a congestion range ($54-$55)…
The S&P 500 price and earnings per share (EPS) estimate for the third quarter declined, according the report released by FactSet, a financial research and investment analytics applications provider. FactSet noted that third-quarter bottom-up EPS estimate for all the companies listed in the S&P 500 fell by 3.5% to $29.01 from $30.07. The value of the index also dropped 6.9%…
It was only a matter of time. One day after Dennis Gartman tore up his call for an imminent bear market, one where “all rallies are to be sold”, the man who infamously declared Bear Stearns is fine, Jim Cramer, has flip-flopped on his all too recent bearishness, and now, with the S&P over 100…
In our opinions the German stock market (DAX) is very important on a global scale. We feel its a driving force for many stock markets around the world. This leader finds itself at very important price point at this time, which could become a high risk price point. Click on picture to enlarge The DAX has remained…
Gold prices ended Monday’s session down $2.09 as investors took profits from a rally spurred by dreadful U.S. jobs data that pushed back expectations of an interest rate hike by the Federal Reserve to early 2016. In economic news yesterday, the Institute for Supply Management’s non-manufacturing index came in at 56.9, down from the previous…
