Was that a black swan from Africa I saw early Friday morning? I believe it was as I rubbed my eyes to get a clearer view. And within minutes, the widely-expected post-Thanksgiving advance on Wall Street had melted away...
There is an almost universal misconception about how the financial markets work. This is highlighted (again) by headlines such as: “We have seen $1tn flow into equities this year. This has been the strongest driver of the equities melt...
Has the last bear thrown in the towel? And if so, are we at a major top? What heresy! I have plenty of critics who say stocks are going to the moon as the Fed cannot even think of...
He said: Two things are infinite – the universe and human stupidity”. He could have added a third – human hypocrisy. This thought has been inspired by the ongoing COP 26 gabfest in Glasgow where the great and the...
With US stock indexes pushing into new highs (and the FTSE advancing), this week’s blog is focused on a few individual shares that we are carrying in my Pro Shares service. Some have risen dramatically since tipping them and...
Wave the flags, I may have had a Damascene Conversion last week. VIP Traders Club actually went long the Nasdaq. Yes, I know I am very late to the party and of course I wish I had bought in...
Despite being on the brink during Fed week, stocks have roared back from the edge amid much bearish MSM comment, such as this one: How to prepare your portfolio for a crash. And another: The market crash is coming...
Treasury yields are on the rise. Word is the Fed will likely be forced to raise policy rates sooner rather than later. Energy prices are on the rise. Food prices are on the rise. Consumer sentiment is tanking. The...
Last fortnight was one of major significance for stock indexes. Monday 20 September saw a major Dow low from the huge decline of 3,000 points off the August ATH, followed by a huge rally of 1500 points (Fib 50%)...
There was a slight delayed reaction, but the Treasury market finally heard the penny drop from the Fed’s announcement that rates will rise. Of course, we all knew that would eventually happen, but the timing was the only thing...
A tenet of the Elliott Wave theory is that when general social mood rides high, stocks also ride high. And when consumer sentiment falls, stocks tend to falter. And the Dow is one of the most sensitive barometers of...
Trading the financial markets is very much like a experiment undertaken by a scientist. You first make a case for how the object studied has behaved in the past under various conditions. You work out a theory that can...