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7.7.2016 - Insiders Club Bookmark

7.7.2016

Good morning all, welcome to another day in the looney bin.

Yesterday, they goosed the market a bit harder than I thought they would, and planted the S&P right on that magic 2100 level. Now the question becomes this....are they going to push for more, or are we going to see the pattern of reaching 2100 and then fading off a bit?  It's a legit question.

6.2.2016 - Insiders Club Bookmark

6.2.2016

Good morning all, welcome to a new day. 

Despite dropping 122 DOW points and 10 Spoozies yesterday, they fired up the magic levitation machines and by the close we had the DOW up 2, and the S&P up 2.  Amazing eh? 

I think one of the biggest things I face almost daily is dealing with people who still think the market's are free. There's still millions of folks that actually believe this market is free and open, and each day it ends up where ever the millions of investors that have bought or sold...take it.  Well that's all wonderful thinking, but it's baloney.

5.4.2016 - Insiders Club Bookmark

5.4.2016

Good morning everyone, welcome to a new day....


Last night Donald Trump took Indiana. That was pretty much expected by most. The "interesting " thing is that Bernie beat Clinton.  Can you imagine this?

Insiders Club - 8.5.2015 Bookmark

 8.5.2015

Morning everyone, welcome to 'hump" day.

We've had 3 red days in a row, and this morning the futures are bright green. So you'd have to figure that there was some sort of tremendous news that hit overnight, right? Well if it did I can't find it. Sure I saw that the Chinese reading on "services" rose to an 11 month high, but is that any reason for us to feel wonderful? Services are "in house", sort of like I cut your hair, you cut my grass. That doesn't much help the US or Europe.

 

 

 

Insiders Club - 5.6.2015 Bookmark

5.6.2015
What's the right word? Fickle? Insecure? Undecided? Manic?  All the above?

3.4.2015 ADP Misses Bookmark

Adding to the string of economic reports that continue to miss the estimates, this morning's ADP jobs report was scheduled to come in with a reading of 219,000. Well that didn't happen as they posted 212,000, making for the worst reading since May of 2014.  But as is usual in the year 2015 what we also see is more nations in the race to the bottom concerning interest rates. Last night India cut its rates for the second time in 2 months and Poland followed up with its own cuts.

Insiders Club - 3.4.2015 Bookmark

3.4.2015

Good morning all, we've made it to mid week....

After hitting new highs, with the NASDAQ putting on its 5000 show, a round of profit taking hit and yesterday the market did a little retreat. As is often the case, the market moved well off its lows of the mid afternoon, and while closing red, it was nowhere near the depth of red it had been at.

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