A Word From Bob

As Seen & Heard

Contact Us

rss

Invest Yourself

The FREE Investment Newsletter That Really Works!

11.19.2015 - Insiders Club Bookmark

11.19.2015

Good morning all, and a happy Thursday to you.

Yesterday was one of those inexplicable events that tends to not make a lot of sense. Some really smart people were asking the same question...why was the market soaring with all the so called terror activity going on and the Fed minutes talking even heavier concerning lifting rates in Dec?  You can come up with a bunch of theories but all in all, it did seem a bit outsized and strange. 

Insiders Club - 5.19.2015 Bookmark

5.19.2015
Good morning everyone, get ready for yet another day of shaking your head and saying "huh?"

Insiders Club - 1.29.2015 Bookmark

1.29.2015


Good morning all....

NOTE>>>> On Friday there will only be the morning updates, nothing in the afternoon. The wife and I are attending the funeral services of our neighbor Dave, who passed after a long battle of illness.

I laid out everything yesterday. The market is terribly weak and they're praying for a miracle. If you've noticed, the market is now lower than it was when Draghi announced his "all in" QE program. Evidently "good news" isn't having the carrying power it used to have.

Insiders Club - 1.20.2015 Bookmark

1.20.2015

Good morning everyone, welcome back from your 3 day weekend. It was glorious taking that extra day "off" from the markets, so that our burnt out brain cells could try and repair themselves. But here we are, and instantly the brain cell burning has resumed. Consider...

JNJ released earnings today. If all you had to go by was the "hype" from CNBC and analysts, you'd swear they were incredible earnings. But as usual, when we take a quick scan of the release, we see a lot of things that the cheerleaders must be blind to. First off, Revenues actually fell Year over year. Is that good? Nah, not really. But wait it gets better. They released "non GAAP" earnings of 1.27.   Guess what they'd have had to admit to if they were following GAAP rules?  89 cents. Yes folks, Pro-forma, non-GAAP added almost 40 cents a share to their report.

I can smell my smoldering brain cells now.....

Insiders club - 1.15.2015 Bookmark

1.15.2015

We might need to tighten the seatbelts today.....

Last night the futures continued higher and higher. It looked like the "double bottom" I mentioned in the Newsletter last night was holding and the traders were willing to put in a snapback form of a rally. But then something happened....

The Swiss National bank decided out of the clear blue that they would 1) cut interest rates to NEGATIVE 0.75% and 2) they would remove the ceiling caps on their currency in regard to its relation to the Euro. 

Insiders Club - 1.14.2015 Bookmark

1.14.2015

Hello everyone, welcome to Wednesday....

Yesterday afternoon I said  "But this is the age of insane volatility, and who knows what the last two hours will bring. I won't be surprised if we jump 150, or fall for another hundred" 

Well what we got was more wild swings. Consider the day as a whole. We were up 284 points in the morning. Then we fell all they way back, not ONLY to red... we plunged 140 points red, before they rushed us back up and we came within a dozen points of going green again.  We ended the day with the DOW off 27.

1.12.2015 Insane Chop Continues Bookmark

We've seen one of the volatile starts to a new year than I can remember. I've been doing this for about 20 years,and I'm hard pressed to think of a time when we've seen this much up and down chop this early in the year. Just a quick look at last week sums it up. We fall some, then "boom" up we go for over 300. But that sells off on Friday by 170 points.

Insiders Club - 12.10.2014 Bookmark

12.10.2014

Hello Everyone, welcome to Tuesday....

Yesterday ended up being an exercise is bizarre. After an early morning 225 point plunge, the bankers went to work and slowly brought the market all the way back. the S&P almost ended green and the DOW was off just about 50.  Was there really any "good" reason for the big reversal higher? Nope, not a one. Just that Central bank policy right now is to keep asset prices rising no matter what.

12.2.2014 Market Breadth Bookmark

Don't forget folks, the DOW is just 30 stocks, and the Central planners like to move that index higher as a confidence builder for people. But if you look at the broader market, you see some disturbing trends. The NYSE is the biggest stock market. It is now flirting with breaking a trend line that's been in place for many months. The Transports got slammed yesterday on the jump in oil prices. The XLF which is the basket of financials, is weak. The IWM, which is the proxy for the Russell, is really having a problem here.

Insiders Club - 11.21.2014 Bookmark

11.21.2014

All Aboard the slowing growth train!!!

Just when I thought that the madness couldn't get much larger, I wake up today to soaring futures. And what was the cause of all this glee? Evidently the world is slowing so badly that China has announced a surprise rate cut to spur more activity. Following on the heels of China, Draghi ran to the nearest microphone to scream that the ECB will go all in, doing everything in its power to do more QE. That got people as far away as India thinking that they too might want to do "more stimulus".

Social Media

Bob Recommends