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4.22.2016 - Earnings Disasters Bookmark

Earnings are coming out fast and furious, and for the most part they're horrid. Intel guided lower and announced they'll lay off 12,000 people. Google missed. MSFT was light. Caterpillar is an outright disaster. If you look at the "scorecard" the TV will tell you that 68% of the companies reporting have beaten their estimates. Yeah, right. Using "NON GAAP" adjusted accounting. If they simply used GAAP standards, only 44% have beaten. But worse...of the ones that are beating, 80% of them are doing it on lower revenues.

Less revenues folks. Take that as "sales". Should stocks rise as sales fall? Not in a real market, but in this central bank controlled mess, it's just business as usual. 

3.31.2016 - Insiders Club Bookmark

3.31.2016

Hello all, welcome to Thursday....

While the only economic data we're going to get today is the initial jobless claims, we do see two of the Talking head Fed members will be out speaking today.  I wish they'd all just shut up, because on one hand they tell us they want to be more transparent, yet it isn't transparent when they parade a handful of them around to suggest we're really close to a rate hike, and then Yellen double crosses everyone and basically says there's no rate hikes in the works.

That's not transparency, that's fraud.

Insiders Club - 10.14.2015 Bookmark

10.14.2015

Hey all, welcome to another day....

Yesterday I was mentioning the S&P level of 2020.  That was the level that I thought would tell us if we were going higher, or if we were about to see some fade. So, in the early going they actually got us to 2022 and it looked like I might have to rethink things. But as the day wore on some weakness crept in and when the day was over, we had lost 13 S&P  points, closing at 2003.

Insiders Club - 10.13.2015 Bookmark

10.13.2015

Good morning all, welcome to Tuesday and another episode of "how the world churns".

This morning we saw a textbook perfect, in your face example of what passes for our so called "recovery".  Knowing that the most important thing in the universe is keeping your stock price up, JNJ announced a 10 BILLION dollar stock buy back AHEAD of their earnings release. Can you imagine that? They wanted cushion the reaction to their earnings release by announcing a buy back ahead of their release.

7.26.2015 Financial Intelligence Report Bookmark


Bear Hunting

I’ve made mention several times concerning the idea that this fall could bring some real strange market action.

Insiders Club - 7.23.2015 Bookmark

7.23.2015

Good morning all, are we in for another crazy day?

Insiders Club - 7.21.2015 Bookmark

7.21.2015

Morning everyone, say hello to Tuesday....

Insiders Club - 7.17.2015 Bookmark

7.17.2015

Morning all, welcome to Friday and not a day too soon...

Insiders Club - 4.22.2015 Bookmark

4.22.2015

Good morning everyone, welcome to a new day.

Yesterday I warned over and over that I felt the market was really going to struggle, as the combo of relatively poor earnings is coinciding with a market trying to hit the old "all-time" highs. The technicals were weakening and the volumes were lousy.

Insiders Club - 4.21.2015 Bookmark

4.21.2015

Today is going to be incredibly interesting.

You all know the story, back on Friday the market was down 350 at times, and closed out the day off about 280.  Then Monday rolls around and we get the lions share of those points back, ending the day up 208.

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