Prior to my involvement with the financial markets, I have made two major forecasts in my life. In 1969 when I had just joined NASA, and as the hugely successful Apollo moon landings were kicking off our first forays into space, there was a general
Last week saw several ‘never sell’ US tech shares start to fall off their perch. Of course, I use the term ‘never sell’ sarcastically as this was a common term applied when the Magnificent Seven were carving out strong bull trends. One of them was
Are you thinking what I’m thinking about the craziness of today’s Western societies (and markets)? Last week I commented that the world of finance is bizarre when bad news is good. This was demonstrated once again last week when the US job openings data cane
This is one crazy world -financial and otherwise – we are living through. We have had ‘bad news is good’, ‘good news is bad, and then ‘bad news is bad’ and ‘good news is good’. For those trading on the economic data and their conventional
Two weeks ago when the Nasdaq was trading at 15,400 – only a few percent off the 15,900 recent high of 19 July – I titled my blog Fasten your seatbelts, this is going to be a bumpy ride. Now with the index off by
And especially in the Chinese markets (and also the Dow – see below). Latest data out of China appears to be dreadful and the MSM have jumped all over it with headlines such as this from the Telegraph: China faces an economic perfect storm –
That strong advice was given by a tipsy Bette Davis in the classic film All About Eve (1950) in a scene where she and husband are throwing a lavish party. And as an established major actress, her career was heading downhill before she got the
Thursday was a pivotal day in the ebullient financial markets. The Dow had made a record-setting 16 consecutive up closes in the US trading sessions up until Wednesday – but then ran into a brick wall and closed lower on the day. And the S&P
With the US earnings season about at an end, there have been many ‘beats’ with banks at the fore. Here is the daily chart of the venerable JPMorgan Chase bank shares The decline off the November 2021 ATH is in a clear five impulsive waves
The Nasdaq is within about 1,000 points (6%) away from a new ATH. The S&P 500 is within 300 (also 6%) pts away from its ATH. The Dow is 2,500(7%) pts away from its ATH. But the Russell 2000 small cap index is a larger
Apologies to lemmings (who do not jump off cliffs), but I see this Disney-cooked fantasy as a suitable image for FOMO investors who are likely to suffer this fate. Later today the non farms report will be out and will likely start kicking the army
The July 4 Independence Day fireworks displays will light up the US skies on Tuesday – and similar pyrotechnics are now on display in the stock markets (also in France!). A slew of ‘strong’ US economic data last week lit the rocket touch-papers and sent
