Please don’t say I didn’t warn you! The dominos are starting to fall with Nvidia – the AI darling du jour – down 20% off its August ATH already. And because bullish sentiment remains at a very high level, the declines are starting to enlarge.
Tag: junk bonds
What an incredible week in the stock markets. Manic melt-up FOMO buying of the AI -laced Nasdaq at the same time as this headline hit the front pages: “US corporations are filing for bankruptcy at the fastest pace since 2010″. The image of the Roman
I am sure I am not the only one who is wide-eyed at the strength of the stock market rallies over the previous six weeks or so. From the depths of the intense gloom surrounding markets in mid-October to the almost euphoric stance of the
I have been tracking the precious metals as they have been sliding down their Slippery Slope of Hope in recent weeks. And the usual suspects – the Gold Bugs – that normally see every reason to advise loading up on gold are nowhere to be
Stock indexes are now in full-blown retreat, as I intimated from last week’s blog caption ‘It drops slowly – then all at once’. Last week the Dow lost almost 2,000 pts. See what I mean? Markets usually fall a lot faster than they rise as is encapsulated in the aphorism You fall out of the window faster than you climb the stairs.
Many of us have been expecting a stock market crash for some time, but the reports of its death have been greatly exaggerated – at least since February. While I believe that scenario will come to pass, in the meantime the rally continues, but on
I have been asking Are We There Yet? recently. On Tuesday as the Dow and S&P were making new all-time highs, stocks sold off later in the day and closed sharply lower. That was the signal I was waiting for. But for confirmation of a
ANNOUNCEMENT In conjunction with my book publishers, we have launched my Tramline Trading Alert service. This service will highlight promising trade setups such as those I have featured in my Weekly Wraps – but before they happen. The Alerts will not give specific trade orders, but
