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7.19.2016 - Insiders Club Bookmark

7.19.2016

Morning all, welcome to your new day.

Yesterday was "almost" a pause day, but as is much too common they pulled off a win late in the day. The DOW up 16, the S&P up 5.

This morning the earnings are still coming at us as Goldman has just reported.  They supposedly beat earnings and revenue, but like all reports it's fairly doctored up.  While they beat the estimates, their income was down like 19% YOY.  Over the next week we're going to get hundreds of earnings reports, which makes for some interesting times. It's amazing to me that if these guys were reporting GAAP results, the market is trading at nosebleed levels of about 24 times earnings. That's bubble stuff. But, since no  one wants to tell the truth, they put out "adjusted" earnings and magically the ratio comes in around 17 times.

Insiders Club - 1.26.2015 Bookmark

1.26.2015


Is a blizzard going to be "the event?"  Don't laugh, last year they blamed all the ills of our economy on the "polar vortex" of cold air that came down from Canada.  Could we be looking at a similar situation?

I'm on record saying that the Fed's are going to continue to preach that everything is just fine in the US, no matter how ugly things truly are...UNTIL they get an event they can blame the soggy economy on.

For three days I've been hearing so much hype about the "blizzard" that's coming to the northeast that it is really quite incredible. I was watching the Weather Channel yesterday and just could not believe the fear hype they're injecting into folks. They were telling people point blank that they should run out and get a generator. Run out and buy a snowblower.  Go to the store and stock up for at least a week of food. Shelter in place, do NOT go out. Don't try and go to work. Don't plan on any travel for at least 4 days.....

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