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6.14.2017 Free Investing Newsletter Bookmark

Chicken Little
 
The story of Henny Penny, also called Chicken Little, or sometimes Chicken-licken (not to be confused with “Finger-licken” from Kentucky Fried Chicken), the terrified little chicken convinced that the sky is falling and that life as we, or at least as chickens know it, is over... is so common that “the sky is falling!” and “Chicken Little” and related names have become bywords for fearmongering, and the often tragic results that occur.

5.14.2017 - Free Investing Newsletter Bookmark

All of it
 
Today's letter is about pondering. We're going to ponder the future. It should be interesting.
 
I would guess that by now most of you know that things are just not like they used to be. If you went back 30 years and tried to tell the investing community that GAAP accounting would be replaced with "pro-forma" or "adjusted" earnings, they'd look at you funny. If you told them that in some years, fully 40% of the market's moves were based on stock buy backs, buy backs financed by selling Corporate debt, they'd giggle at you.

3.30.2017 Bookmark

3.30.2017

Hello all, welcome to Thursday. 

Yesterday was not a follow through day. We might hope it was, but it really wasn't. What it was however, was a "holding" pattern. We had a nice bounce Tuesday and they didn't give it all back, so for the bulls that's a victory. I would have liked to see the DOW get a little closer to unchanged...but in the scope of things, it wasn't a horrible day. 

2.28.2017 Bookmark

2.28.2017

Good morning everyone. 

Well they made it 12 up days in a row. For no really good reason, the DOW shook off its red and ended the day green by 15. The S&P picked up 2.  Think about that for a minute. In the wildest market craze of the late 90's into the housing bubble craze of the 2005 - 07 ramp up, the DOW couldn't string 12 days of up together. But today, in an atmosphere of crushing debt loads, Non-GAAP earnings, and all the other ills...we've done it. 

2.22.2017 - Financial Intelligence Report Bookmark

Is It Safe?
 
Monday I was pondering a topic for the International Forecaster. It's a publication that was started by the late great Bob Chapman. I continue to donate articles to it to this day. As I was watching the futures, despite our own market's being closed for Presidents day, I decided to share some thoughts that I shared with my readers last week....

1.25.2017 Bookmark

1.25.2017

Good morning all, is today the day?   After a month of trading sideways, they decided on some random Tuesday (yesterday) that is was finally time to go back and attack DOW 20K.  Why yesterday? You can all come up with your own ideas, but the bottom line is that there wasn't really any catalyst. Earnings are still coming out as normal, meaning that if they used GAAP accounting they missed the estimates, but if they report "non GAAP" they're all basically beating estimates. Then of course we have more companies announcing they're going to take on debt and buy up more stock.  So nothing's changed there. 

Insiders Club - 4.21.2015 Bookmark

4.21.2015

Today is going to be incredibly interesting.

You all know the story, back on Friday the market was down 350 at times, and closed out the day off about 280.  Then Monday rolls around and we get the lions share of those points back, ending the day up 208.

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.....

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