10.22.2018

Good morning everyone, welcome back from your weekend. I certainly hope it was a good one for you all. 

On Saturday, my wife had a booth down in Port Charlotte as the "Veterans family fun day", which was a group of local businesses that got together to literally give Vets and their families a  free "fun" day. There was free hot dogs and burgers, Ice cream, candy for the kids, live music, a water slide, a bounce house, etc.

2.9.2018

Good morning everyone.  It's Friday, and it's Friday after a very interesting week. 

I'm sure you all know what happened yesterday. It was a long session of "hopeful" runs higher, followed by roll overs. As late as 2 pm, it seemed like with a good push they could have gotten us green. But then the selling begat more selling and the final hour got ugly. 

10.14.2014

Good morning everyone, welcome to another day in Bizzaro-land.

I'm sure you all know what happened yesterday. The market was holding up, trying to defend the "flat line" for most of the day. Then in the last hour the wheels fell off. Helping the sell off was "someone" who decided they needed out in a big way, as 4,492 S&P E-mini futures were dumped in one tick. I haven't done the math but that comes in somewhere around 700 million worth of stock.

10.13.2014

Good morning everyone, welcome to a new week. I certainly hope your weekend was a fun one. Down here on the Gulf coast of Florida, we're still running way above average temp wise, as we continue to be at the 90 degree level. It's been so hot for so long that the first time the temp dips down into the 70's everyone's going to have to wear down parkas.

So this week kicks off the real beginning of earnings season. We're going to start hearing from the heavyweights, and as I said in the newsletter, the extent of their "fudging" will determine what the markets do next.

Earnings Upon Us…

Four times a year, most companies produce their economic report for the previous quarter of business. This isn’t something new, they’ve been doing it since the idea of a structured company first began. But like most things, they’ve “morphed” into something much different than the standards set so many years ago. I’m not shy in saying that a very competent accountant overseeing companies in 1920 would have absolutely no clue how to figure out what the hell any modern company was even talking about.

So when these companies start releasing their earnings in bulk next week, just what are we actually hearing them tell us? Sometimes it isn’t as easy as just saying “oh that’s their earnings based on sales versus expenses”.  Thus I think a bit of history lesson needs to be taught here….