The market has a penchant for not following through with the obvious, and we got that in spades with Friday’s fade. It seems like just yesterday when I was standing up and applauding all the strong moves abounding throughout the major market indices. Now, I must take pause and wring my hands with the rest [...]
The market is no doubt disappointed with yet another lackluster jobs report today. This could leave us wondering what all this recent rallying in almost all financial assets has been about. Well, you can almost pick your favorite explanation at this point. I will simply maintain that these past few weeks have all the markings [...]
NFLX has now essentially closed that gap from the earlier “good” earnings news. In honor of Mike, I thought I would drop a mandatory “NFLX presents yet another example of how dangerous it can be to chase stocks that gap up in the morning.” But I must also extend an olive branch to the NFLX [...]
Ever since SEBL announced a surprise upside to their earnings guidance, there had been a little chatter that the software sector might finally be on the rebound. I found even this subdued excitement a bit ironic given that SPRT had a disastrous report the very same day. Anyway, this morning’s warning from JDAS could chill [...]
On Monday morning, the USA Today greeted us with the following alarming headline: “$84,454 is the average household’s personal debt. ; $473,456 is the average household’s share of government debt, including Medicare and Social Security. The government isn’t asking you to pay it. Yet.”
Pretty incredible, right? Currently, the market is essentially rising right along our [...]
If Nirvana is possible in the financial markets, it seems like we are on the cusp of it these days. Everywhere we look, almost everything seems to be slowly but surely creeping upward. A classic melting up. The strong close in the major indices is indicative of the sneaky way in which the markets have [...]
I was trying to hold my tongue, but I have to speak my piece on this PHM warning. I was quite struck by the following quote from their recent guidance:
“Pulte’s Las Vegas operations have raised prices aggressively, with some communities implementing price increases well above the 50% increases experienced in the broader Las Vegas [...]
Don’t we all wish we had such a stellar business model? In what could go down as the joke of this earnings season, Netflix gets a pop today after announcing that it will make MORE money because customers are buying LESS. Next, traders and investors will get excited when Netflix announces they are saving money [...]
Hello everyone. This is Duru checking in, and I wanted to take this opportunity to thank Mike for being insane enough to let me scribble away on his blog site while he is away. I am highly honored and deeply humbled that he will let my mice play while the cat is away!
For any of [...]
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