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12.1.2015 - Insiders Club Bookmark

12.1.2015

Morning all, and a happy Tuesday to ya.....

Yesterday was strange on a lot of levels. The Chinese got into the IMF, which everyone and his brother said was "not going to change anything" and yet moments later the market headed deeper into the red, and never recovered.

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?"

2.4.2015 Financial Intelligence Report Bookmark

Oil and the Big Save

Please don’t take this the wrong way folks, but it has to be said. On Sunday I laid out the numbers that we had to hold, or we very well could have been facing a serious market decline. I titled the letter “Crash alert – High”  I  was NOT predicting a crash in that letter. I was saying that we had very important technical levels that had to hold or we could then see a much deeper correction.  A lot of folks evidently didn’t pay attention to that part. All they saw was “crash” not the levels that needed to break to create one.

On Monday the market fell right down to those levels. Then it chopped around for hours as the “fight was on” between shorts and longs. We had fallen 120, then bounced for 100 then went red again by 40.  The day was very “up in the air” as to where it was going to go. But very late in the session, the FT put out a headline that the Greeks had changed their tune and weren’t lobbying for total debt relief, and willing to work out a repayment schedule. That was the “hot button” the market needed to blast higher off those numbers.

Insiders Club- 12.4.2014 Bookmark

12.4.2014

Morning all....

Well at 8 am the first thing we learned is that the ECB has left rates "unchanged". Well there's a surprise eh?  They certainly couldn't raise them, and since they're basically at 0 now, cutting seems pretty desperate.  So, shortly after the ECB announcement, the US futures were up about 15 points on the DOW, 2 on the S&P. Now of course all eyes will be on Mario Draghi, as they expect him to plead the case for massive QE, something he's been jawboning about for two years.

10.22.2014 No European Bond Buying?? Bookmark

Danger Will Robinson!  Or something like that....This entire snapback rally has been manufactured by a couple Fed heads suggesting that maybe QE can stay in place for longer, and some bogus headlines out of Europe suggesting that the ECB was about to go on its own bond buying spree.  Well guess what? Two European ECB officials have now denied that they're doing anything of the sort.  Isn't that interesting?

Insiders Club - 10.22.2014 Bookmark

 

10.22.2014


Well that was fun. Just because the Central banks jawboned about possibly extending QE, we've rallied hundreds of points. It wasn't because we opened more small businesses, or cut taxes or cured cancer...nope. Just the hint that the Fed punchbowl might get refilled fired them up.

But now the ECB has denied that it is going to go on a bond buying spree twice already

Insiders Club - 10.21.2014 Bookmark

10.21.2014

Good morning folks, the madness continues.......

Yesterday the S&P put in a good showing, and even the DOW made it to slightly greed despite IBM missing earnings by a mile. After the close and Apple's earnings, there was a flurry of futures action, and then the air started coming out. Futures were drifting lower and once again there was the all too familiar "save".

10.17.2014 ECB to the Rescue? Bookmark

Last night the futures were flat for hours. Then about a half hour after Europe opened, our futures started soaring higher. Why? One of the European Central bank heads said that a QE style asset purchase plan was going to start in just days. That's all it took for the Algo-robots to pick up on it and send European stocks higher. That instantly spread to the US futures and we come into the open with the DOW futures up about 170 points.

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