We received this from Lange Financial Services and are posting it here to follow up on their bulletin last week. Lange Financial Services- Tuesday March 1, 2011 From the close on Friday February 18, the Dow fell about 400 points, or about 3.5% to slightly under 12,000 on Thursday afternoon before a sharp rally late in the day. The S&P…
We received this email this past Friday/ Saturday from friend Warren Mosler and thought it definitely worthwhile to post for our readers. Warren is a brilliant economist as well as extremely successful hedge fund founder and manager. By: Warren Mosler First, I’ve been pretty quiet on the mideast goings ons. I’ve been watching intently from the time Egypt made headlines,…
After discussing the markets and individual stocks with Fred and Rob at Lange Financial Services yesterday, we wanted to bring to you some of their thoughts below in this post today. They were looking for a pullback of 3 to 5 % tops and it appears they hit it right on. Wednesday and again yesterday, they were explaining to us…
We were just speaking about the markets with Lange Financial Services and wanted to share the thoughts with you now. The market has sold off sharply this week. Nasdaq is down now about 4.0% and other indexes are down up to 3%. We have recently stated here that we could have a “Pullback” of 3% to 5 % at any…
While US Markets are closed today, the markets overseas are down as much as 2%. Gold is back to over $1400 per ounce and crude OIL up 6.15 % at $91.50. Triggered by the spreading uprisings in the Middle East, the market seems ripe for the inevitable correction and one that has been anticipated by many pundits for two months…
Compared to the last couple of weeks, next week is shaping up to be rather light. In economic news watch for the Bank of England’s decision on interest rates Thursday and on Friday the Michigan Sentiment indicator will be released. On the earnings front Opentable (OPEN), Whole Foods (WFMI), Coca-Cola (KO), Pepsi (PEP), and Disney (DIS) are scheduled to report.…
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…
Just now received this market update from Lange Financial Services. Fred and Rob at LFS have been extremely bullish, as published on this site, since the beginning of August 2010 and after reading this now, we see that they remain so. As one can see today as well, the market opened down with little or no selling pressure ensuing, and…
UPDATE. VERIZON Just announced a special event in NYC on 1.11.11 at 11:00 am. Apple shares just went to 337.68 after the close. Verizon iPhone! ?? Next week earnings season will officially kick off with reports from Alcoa (AA), Intel (INTC), and JPMorgan (JPM). On the economic front, watch for the release of PPI, CPI, and Michigan Sentiment. Across the…
JUST A QUICK UPDATE ON COAL. WE REMAIN BULLISH ON COAL AND COAL SHARES AS WE HAVE BEEN FOR SEVERAL MONTHS. WE SOLD OUR POSITION IN BTU AS A RESULT OF THE FLOODING IN AUSTRALIA AND THE NOW UNCERTAIN ENVIRONMENT IN THAT COUNTRY AS A RESULT. WE LOOK TO ADD TO POSITIONS IN CLF ( CLIFFS NATURAL RESOURCES), WLT (…
Trading action should pick up next week as trading desks will be full for the first week of the year. On the economic front, watch for the ISM Index, FOMC Minutes, ISM Services, and Non-farm payrolls. Earnings season won’t pick up until the following week but look for reports from Mosaic (MOS) and Monsanto (MON). Monday, January 3 US Economics…
Wishing all the visitors to the site a Very Merry Christmas and Happy Holidays. We are looking forward to helping all navigate the markets and other financial, economical, and political issues as best we can in 2011 and beyond. Thank you all for visiting and reading what is posted. Having created and constantly updating this site this is a labor…
Email received this evening: From: Warren Mosler 12:44 AM (44 minutes ago) The good news is the US budget deficit still looks to be plenty large to support modest top line growth. And as the deficit continuously adds to incomes and savings, the financial burdens ratios continue to fall, and the stage is set for a ‘borrow to spend’, ‘get…
Yesterday, I posted that Citigroup raised their earnings target for the S&P 500 to 94.50 in 2011, which we believe can translate to a gain in the S&P to at least 1500, or 25%. Today, you will see below that afterwards, Goldman Sachs raised their estimate to 94.00 for 2011, and 104.00 for 2012, above the 102.00 estimated by CITI…