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5.2.2016 - Insiders Club Bookmark

5.2.2016

Good morning all, welcome back from your weekend. As always I hope it was a really good one for you all. Because the wife was a little under the weather this weekend, we didn't do our customary bike and beach excursion. But that's really a good thing, because it gave me time to do some of the things I've been behind on. I like to grow organic heirloom tomato's from seed, and have 35 plants started. But because time is often in short supply, some of then should have been transplanted into their permanent homes two weeks ago. So I used the time to get some of them in their pots. So while I missed the bike ride, I'll get paid back in a few months with some really yummy eats!

Insiders Club - 10.28.2015 Bookmark

10.28.2015

Good morning everyone, welcome to Wednesday already. My my does the time fly by....

Yesterday was just abject funny in a very perverted way. I had said that they'd defend 2060 on the S&P and they certainly did. And, they did it in the face of an avalanche of lousy news. The durable goods numbers were horrid. Oil plunged. Goldman lowered it's 3rd Quarter GDP forecast from 1.2% to just 1%. IBM announced another 4 billion for stock buybacks, while at the same time announcing they're being investigated by the SEC for the way they account for some of their revenues.

10.13.2015 JNJ Tries to Cover Lousy Earnings Bookmark

In what one can only call the most desperate of "in your face" maneuvers, JNJ announced a 10 billion dollar stock buy back AHEAD of their actual earnings report. Why? Simple, they wanted to pad their stock price ahead of yet another disappointing earnings release. See, their revenues fell Year over year. Their pretax income fell some 40% YOY. Their GAAP earnings missed. Last year they posted $1.61. This year 1.49 for the same quarter. 

Notice they didn't spend that ten BILLION on new plants, research or hiring folks. Nah, let's just spend it on keeping our stock price inflated.  This is what passes for normal in the most twisted stock market of any generation. Oh, and there's many more like it to come. 

Insiders Club - 8.26.2015 Bookmark


8.26.2015
Morning all, welcome to Wednesday...

I got a call from my friend Ted right around  15 minutes into the close. He said "Are you watching the battle going on in the DOW?!"  To which I said no, I had stepped out front to chat with the UPS driver that delivered a package.  "Why Ted, what's up?"

He said that the market was whipping up and down in huge 100+ chunks as they try and keep the market green.

I ran in to watch the insanity unfold and it was really incredible. From down 120 to down just 20 to down 150 back to down just 50 to finally end the show with the DOW off 204.

Insiders Club - 4.10.2015 Bookmark

4.10.2015

Good morning all, we've made it to Friday and not a day too soon.

Okay, so they did it. After trying for two weeks to get over the March 30 "day high", they pulled it off yesterday afternoon. The key level for them to surpass was 2086 and yesterday the S&P closed at 2091. 

Now all they have to do is "hold it" and it's a pretty good guess we'll be 2108 which was the March 20 high. If they get past that...then it will be challenge time at the March 2 market high. (2117)

Insiders Club - 4.1.2015 Bookmark


4.1.2015

Mornin' everyone, let's try and make sense of this mess....

Yesterday was going along "okay" for most of the day, although it was no doubt weaker than we expected. Then at about 3 pm the bottom fell out and "down we went".  Over "a billion shares to sell" hit the market in that last hour as we had a combination of profit taking and rebalancing for the last day of the quarter.  We ended the day down 200.

Did I expect that? Not even a little bit.

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