I agree that retail investors can not challege the rally. When market is heading higher it is better to go long or watch from sideline. Clearly fundamentals are not supporting this huge runup. It does not matter where the indicies is .... may it be at 11,500 or 10,000. When funamentals support, investors should be less worried about investing in quality stocks.
Today in Commodities: Happy New Year [View article]
Matthew ...... when i first read your article, i wondered how can u say crude will head toward $80 dollar (when market already at higher level & expecting pullback). But now your prediction seems to be coming true. Good article & good forecasting.
July Empire State Survey: Manufacturing 5.08 vs. 18.5 expected, 19.57 prior. Employment 7.94 vs. 12.35 prior. New orders 10.13 vs. 17.53 prior. Prices -1.59 vs. 4.94 prior. [View news story]
GM's purchase of AmeriCredit (ACF +21.7%) puts it closer to being "back in the game," says Gamco Investors CEO Mario Gabelli. Yes, writes Felix Salmon, but why? The government spent an incredible $17.2B that it will never see again bailing out GMAC, so is it a good idea for GM to use its taxpayer largesse to get back into subprime lending? [View news story]
June ADP Jobs Report:+13K vs. +60K expected and +57K prior (revised from +55K). It's the fifth consecutive monthly gain, though increases have been modest and private employment may have decelerated heading into the summer. [View news story]
May Housing Starts:-10% to 593 vs. 637K expected and 659K (revised) April. Permits -5.9% to 574K vs. 630K expected and 610K last month. [View news story]
Real picture of the economing coming out. The rout cause for financial turmoil still not improving. Ofcourse market will ignore these numbers.
Today in Commodities: Cutting Losses [View article]
What a volatality in crude. Ceasefire in Libiya made it fall. But airstrike today caused it go up again. Just following the news. For time being it seems better to not to trade in Crude & watch it from sideline.
Today in Commodities: Holding My Ground [View article]
Matt. last week when you said Crude Oil will reach $82 mark, i really doubted it. Markets rallied higher and taught there will be pull back and Crude may find it difficult to reach that mark. But it seems the rally to continue for some time.
Sucker's Rally? [View article]
Initial Jobless Claims: -23K to 369K vs. 372K consensus, 392K prior (revised). Continuing claims -2K to 3.25M. [View news story]
Initial Jobless Claims: -3K to 450K vs. +9K consensus. Continuing claims -84K to 4,485,000. [View news story]
Today in Commodities: Happy New Year [View article]
Don't Feel Obligated to Play This Market [View article]
July Empire State Survey: Manufacturing 5.08 vs. 18.5 expected, 19.57 prior. Employment 7.94 vs. 12.35 prior. New orders 10.13 vs. 17.53 prior. Prices -1.59 vs. 4.94 prior. [View news story]
June Nonfarm Payrolls: -125K vs. -130K expected, +433K (revised from +431K) in May. Unemployment: 9.5% vs. 9.8% expected, 9.7% prior. [View news story]
Initial Jobless Claims: +35K to 445K vs. 407K consensus. Continuing claims -248K to 3,879,000. [View news story]
GM's purchase of AmeriCredit (ACF +21.7%) puts it closer to being "back in the game," says Gamco Investors CEO Mario Gabelli. Yes, writes Felix Salmon, but why? The government spent an incredible $17.2B that it will never see again bailing out GMAC, so is it a good idea for GM to use its taxpayer largesse to get back into subprime lending? [View news story]
June Housing Starts: -5% to 549K vs. 574K expected and 578K last month. Permits +2.1% to 586K vs. 578K expected and 574K last month. [View news story]
Initial Jobless Claims: -29K to 429K vs. 445K consensus. Continuing claims +247K to 4,681,000. [View news story]
June ADP Jobs Report: +13K vs. +60K expected and +57K prior (revised from +55K). It's the fifth consecutive monthly gain, though increases have been modest and private employment may have decelerated heading into the summer. [View news story]
May Housing Starts: -10% to 593 vs. 637K expected and 659K (revised) April. Permits -5.9% to 574K vs. 630K expected and 610K last month. [View news story]
Today in Commodities: Cutting Losses [View article]
Today in Commodities: Holding My Ground [View article]
Excellent analysis .....Thanks for the article.