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8.29.2016 - Insiders Club Bookmark

8.29.2016

Good morning all, welcome to a new week. As always I hope that your weekend went well. Down here in "not so sunny" Florida, we're still in the midst of one of the worst summers on record. Temps have been in the 90's since June 18th, and not a day goes by where we're not slammed with a thunderstorm, or two. Or ten.  But there's always a bright side. The lousy weather has given me the time/opportunity to rearrange the garage, and do a lot of the bothersome things that needed doing for quite some time.

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.

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