On a personal note, I have been extremely fortunate in that I too have had a ” Joe Kittinger ” in my life and as a result of his wisdom, time, knowledge, and most importantly, friendship, I have accomplished things that surely I would not have. This includes trading in the markets as well as every day general life decisions…
It will be a busy week around the globe as four central banks (Bank of England, European Central Bank, Bank of Australia, and Bank of Canada) will release their interest rate decisions or QE purchase targets. The ECB, which will offer its decision on Thursday, is widely expected to keep its benchmark interest rates unchanged at 1.00% after conducting a…
The DAX closed up just about 3% today. This could be a good sign for tomorrow and the week to come here in the USA. US markets will be closed today for the New Year’s Day holiday, but it doesn’t matter much seeing as how the real show isn’t until Friday when the major European countries and the US release…
LANGE FINANCIAL SERVICES DECEMBER 27, 2011 8:45AM Since our last update in November, the market remained in an almost unpredictable, volatile, and difficult trading environment state, largely reflecting the deteriorating Euro financial crisis. Many stocks had declined noticeably in recent months due to prevailing uncertainties and are still well below earlier peaks. During this period, as well as in prior…
The month of March will finally be coming to an end next week as baseball season kicks off and the first quarter ends. The close of the first quarter means earnings season is right around the corner so be prepared for companies pre-announcing results. On the economic front, next week most traders will be pointing to Friday’s job’s number as…
The figures below from today show a rise in the bearish sentiment. This is usually a positive for the markets. These recent figures may reflect seemingly many of the people we see on CNBC and other stations looking for a pullback of up to 10% in some cases, we do not agree with this line of thinking. These figures are…
Many were waiting today for the FED announcement at 2:15pm regarding interest rates and especially would QE2 continue with the economy showing definite signs of recovery. As you read below, QE2 is alive and well and continuing as planned, which further attests to our bullish view on the market for 2011. With the economy doing better and QE2 continuing, its…
We were recapping the trading day now with Fred and Rob at Lange Financial Services and thought we would post their thoughts below for our readers. W&BR Market action today was excellent. Down about 80 DOW points in mid afternoon, heading towards what was seemingly going to be a sharp down day, stocks rallied sharply led by IBM, APPLE, and…
From: Warren Mosler TO: Bob Kurlander Sent: Tue Jan 25 06:31:53 2011 Subject: *State of the Union Some of the risks listed at year end seem to be coming on line, including slower growth out of China, euro austerity keeping a lid on demand in the euro zone, and US fiscal balance too tight for anything more than very modest…
See below the chart today from Dahlman Rose on coal shares as well as the industry outlook from Brean Murray below. We remain bullish on coal and would use any weakness to continue accumulating shares. LFS and W&B. DAHLMAN ROSE & CO COAL UPDATE PRICES. CHART BELOW Ticker Rating Price* Target ACI Buy $31.61 $43.00 ANR Buy $55.22 $72.00 BTU…
This week the earnings season will be in full swing as most of the S&P 500 will report. Watch for word from McDonald’s (MCD), Amazon (AMZN), Netflix (NFLX), Caterpillar (CAT), and Chevron (CVX). On the macro level, next week the FOMC will meet to discuss interest rates with an announcement on Wednesday. Traders will be watching for a mention of…
Today, CNBC had a great guest, Marvin Schwartz, legendary investor for 50+ years with a tremendous track record, who also adds to our bullish theme for 2011 and beyond. He discusses the markets, Travelers Co., Hewlett Packard, corporate finances, the economy and more. Here are the awesome clips from today. VIDEO 2 Marvin Schwartz starts in a 3 Minutes 25…
David Tepper this morning on CNBC with his thoughts outlook going forward. He became extremely bullish at or near the beginning of the recent move up in the markets last year. Tepper: No More ‘Free Ride’ But Markets Still Look Good Published: Friday, 21 Jan 2011 | 9:43 AM ET By: Jeff Cox CNBC.com Staff Writer The investing climate still…
Just a brief update this evening before trading begins tomorrow. Spoke to the guys at Lange Financial Services tonight and thought I would post some of the thoughts here for all to read. The shares of Coal stocks have recently been in a sharp correction phase, more so than the overall markets. We remain bullish on Coal and Coal related…