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10.18.2017 - Free Investing Newsletter Bookmark

Kimchi

 

Today’s commentary is going to be way way off the normal path. Why? Over the weekend, I got to swapping some recipes with some friends of ours. Then it dawned on me that in 25 years of putting out commentary on just about every topic imaginable, I’ve never put a recipe out.  Or, if I have it’s been so long ago I forgot I did.

 

Anyway, while desperate for the recipe to our friend Karen’s incredible Osso buco recipe, which she sent over Sunday, she asked for one in return. One I didn’t think she’d ever be interested in, caught me off guard. She wrote “Bob, do you know anyone that makes Kimchi?”  Bingo. Yes I do.

4.20.2017 Bookmark

4.20.2017

Hello everyone, we've made it to Thursday, in what can only be called a wild week. 


NOTE>>>  I've been conned into going with my wife to her office today.  She needs someone to man the phones while her and some employees go to a meeting. I'll still be doing updates as usual, as I will have my laptop with me.  I'm only mentioning it because I'm sending the first update of the day a bit earlier than usual, as we'll be on the highway during the time I normally hit the send button. 

4.19.2017 Bookmark

4.19.2017

Hello all, happy Wednesday to you. 

Nothing says chop more than gaining 185 points Monday, then puking up 113 of them on Tuesday.  Monday they were just happy that nothing went boom over the weekend and Tuesday they were sad because the great vampire squid that is Goldman Sachs, didn't steal as much money as they hoped.  After the bell, IBM whiffed and they were trading sharply lower after hours. I think I saw them down 8 bucks or so. 

2.16.2017 Bookmark

2.16.2017

Good morning everyone, welcome to a new day. 

A test?  Is today going to be a test of the resiliency of the market? I ask that because an article in Zero Hedge last night suggested that the bulk of this volumeless rip higher could be from a giant fund that was "forced" to cover all their shorts. While the mechanics of it do make sense, if it is proven to be true, and the reason that the volumes have been so low is because it's really only a few people and this giant fund "covering shorts".... we could roll over pretty hard. 

10.18.2016 - Insiders Club Bookmark

10.18.2016

Good morning folks.... welcome to a world that gets weirder by the second. 

I don't know where to start. Last night the futures started higher as Europe was soaring. This morning Goldman Sachs came out and crushed their earnings. They beat by over a dollar per share on good revenues. That is in line with the other banks that have reported, and the street has gone "kiddy Giddy" over it.  As I'm typing this the DOW futures are up 100 and the S&P is up 13. That's big. 

Insiders Club - 2.26.2015 Bookmark

2.26.2015

Good morning all... Sorry I'm late, but..well you all know the situation. In fact, tomorrow I will only be able to do a morning update ahead of the open, as I'll be heading to the airport shortly after. But things will return to normal for me by the weekend and I can get a bit more focused.

The market put in a soggy session yesterday, not able to draw the firepower it needed to really make a big follow on up day. Yet when you look at the big picture, you see that the NASDAQ is almost being "drawn" to that all time high level around 5000 almost like they want it so badly it has to happen.

10.21.2014 More Free Money Hope! Bookmark

Notice the trend here?  IBM missed earnings. Coca-Cola missed. McDonalds missed, NCR missed, EBAY missed, and on and on. Yet the futures were soaring this morning. What's up with that?  Well, just like last week when the Fed heads spun on a dime and went from saying rate hikes are coming sooner rather than later and then reversed and mentioned that maybe QE could remain in place...over in Europe the ECB has been putting out "hope" headlines too.  This time suggesting the ECB will buy Corporate bonds on the secondary market.

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".

10.20.2014 IBM - Fail Bookmark

This morning the futures were bright green and then plunged blood red. Why? IBM blew it big time. They missed the earnings by a mile on both EPS and revenues.

Insiders Club - 10.20.2014 Bookmark

10.20.2014

Good morning all, welcome back from your weekend. I surely hope it was a good one for you all. Down here in Florida, we had a most spectacular weather weekend. The humidity went away, the temps cooled off and the sky was deep blue. It made for a perfect day to go for our weekly bike ride and beach walk.  I could surely go for a bunch more days like that.

In market land, things got sort of crazy this morning. Overnight the futures were up pretty strong, although they were fading just a bit from the highs. Then they simply "crashed". What was the problem? IBM.  They came out with their earnings, and they missed by a mile on the top and bottom line. It was the 10th quarter in a row of year over year drops.

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