JUST LETTING YOU KNOW Markets Today was another pullback day. But let me give you some good news: Volume was light. The Market needs to sit. You had the first day of the new year gap open off of the Fiscal Stiff news and, of course, the markets were getting into trouble into last week. [...]
Archive for the 'The Fed' Category
01/08/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
I CONTINUE TO KEEP FINGERS CROSSED THAT THERE ARE NO LONGER-TERM REPERCUSSIONS BECAUSE OF THESE NUTJOBS
…but I think we all know better! Fed mouthpieces Bullard and Lacker are out in force this morning talking the market back from the edge of yesterday’s FOMC Minutes and reassuring us that the economy is going to be weak enough for a lot longer to justify the Fed’s actions. However, right at the end [...]
END OF YEAR RALLY ON CUE – SEE WHAT $85 BILLION/MONTH WILL BUY
Before we get started, my prayers go out to the families affected by the senseless tragedy in Connecticut. My heart aches over the interviews I have been watching of the parents who lost a child. Frankly, I don’t know what I would do if it was my child. The anticipated end-of-year rally that this report told [...]
AND YOU THINK 0% INTEREST RATES ARE GOOD?
Father-son talks are always difficult, but it was time to teach my teenager about how things work. I dragged him to our local branch of Wells Fargo and opened a checking account with ATM card privileges and a savings account where he deposited his hard-earned umpiring cash. Having worked on Wall Street for 25 years, [...]
12/12/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW I Hope I Am Wrong Today was a Fed Day. At 12:30 PM, the Federal Reserve announced what they were going to do with monetary policy and afterwards from 2:30 to 3:30 there was a question and answer session. Now I must tell you. I wouldn’t spend a second watching Ben [...]
VERY SPLIT TAPE
I have not written a report on the market since I penned my report on November 17th…titled “NEAR TERM LOW BUT MAJOR TREND REMAINS DOWN” The reasoning for that report was simple…bearishness had reached very high numbers which almost always leads to a near-term rally but more importantly was the action on Friday Nov. 16 [...]
11/27/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW Today the market was acting “blah” and then it rolled over late in the day as Harry Reid came and said that they’re getting nowhere with their negotiations on the Fiscal “Stiff.” Just remember what I have told you ladies and gentlemen. We got to the Fiscal Stiff because they did [...]
HEADLINE THAT SPEAKER BOEHNER SAYS MEETING WITH THE PRESIDENT WAS ‘CONSTRUCTIVE’
That’s the news that just came out. The DOW immediately rallied 100 points So instead of the market waiting on the Fed, the market now waits on a “solution” to the fiscal “stiff!” Just keep in mind, there isn’t any solution as all that will happen is taxes will go up and they will lie [...]
AHHH..MR. BUBBLE IS RELENTLESS…TRYING TO STOP BLEEDING IN THE MARKET
I cannot wait until he either resigns or is fired. Enough with this “on-purpose” manipulation of markets. His only goal is for markets to go higher. I wish he would just shut the hell up. People being killed in bond funds past couple of weeks…brought to you by Mr. Bubble. Read this: Federal Reserve Chairman Ben [...]
HARRY REID AND JOHN BOEHNER FRONT AND CENTER…NOW I FEEL BETTER
Bear with me! Imagine you were playing a tackle football game and on purpose, someone chop blocked you and busted your left knee up. Imagine that same person apologizing profusely and telling you they are a surgeon and will do the surgery for free. Imagine coming out of surgery on your left knee and waking [...]
