The big event of the past week was undoubtedly the much-watched US non-farms jobs report on Thursday. It was a real shocker with a huge ‘beat’ to the upside. Stocks surged immediately on the news with the Nasdaq making...
During a lengthy bull market, bullish sentiment becomes so extreme that outright belief that shares cannot drop is so strong that in spite of there being solid evidence of financial ‘irregularities’ in a company’s accounts out in the open,...
I have shown several facets of the current extreme manic exuberance in the stock market recently. I related how teenage traders on Robinhood gorged themselves on bankrupt Hertz stock only to google what ‘bankruptcy’ means too late. In fact,...
Just when you thought it couldn’t get even more insane than the Alice in Wonderland world I have been describing these past few months, it has. “Investors” have been filling their boots with shares of bankrupt companies such as...
Last week, with stock indexes relentlessly climbing the biggest Wall of Worry in history, I warned VIP Traders Club members to expect a fireworks display. And right on cue, that is precisely what we got yesterday with bond yields...
We live in an age of extremes. In the UK, we had the wettest winter for many years and at the opposite extreme, we now have the driest and sunniest Spring since records began. With this weather, who needs...
You know, I learned a lot about life (and the markets) from my mother. As a lad, I watched her Sunday mornings in the kitchen preparing the roast dinner (lunch). Whenever she had plenty of time to cook the...
Last week with the Dow trading at 24,300, I forecast that the bull trap was about to close. Now with it trading over 1,000 pips lower, that trap door is creaking gradually towards the inevitable. With the new-found bulls...
Stocks surged last week – into Friday’s record high unemployment data showing a stunning 15% rate. Who said second waves in bear markets are easy to trade? It certainly wasn’t yours truly. They often advance much further than logic...
I feel very privileged being active in the markets in these historic times. Just as the pandemic is said to be a once-in-a-century event, so is the new bear market which started in February. I hope you feel the...
I confess, trading has been pretty tough of late. And that is typical following a record-breaking stock market crash as the forces of the perennial Dip Buyers and the Let’s Get Out sellers combine in a classic stand-off with...
Most believe markets follow the news and the published economic data. They are wrong – and here is a great example of why they are wrong this week. On Thursday night, there was a ‘bearish’ news report of a...