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10.31.2014 Japan Goes Full Stupid Bookmark

As if seeing the market rise 200 points yesterday on the heels of Visa and their 5 billion dollar buy back wasn't enough, this morning I wake up to almost "limit up" futures. What in the world was that about? Well it seems that over in Japan, they've gone "all in" on a new round of QE, saying they will flood their market with 80 TRILLION yen.

Insiders club - 10.31.2014 Bookmark

10.31.2014

I thought I was seeing things.

I woke up at 5:45 and as usual, flipped on the monitors on the way to the coffee pot. What I saw simply didn't register in my sleepy eyes. Was that the futures up 200 points?  No, couldn't be....

I got my coffee, and stumbled back to the computers. Sure enough it was the DOW futures up 200 and the S&P was up 24. Obviously something major had been said or done overnight. It only took about a minute to find the culprit and it was Japan. In a move that could only be called "all in", Japan has announced they're going on a QE spree as they've never done before, looking to inject 80 TRILLION yen into their system.

10.29.2014 Financial Intelligence Report Bookmark

Excuse Me?

I hesitated to talk about Hillary Clinton’s latest remark because it was a few days ago and certainly everyone has talked about it.  But I do want to spend a minute talking about just how depraved and insane the left is when it comes to reality.

I have a special ugliness when it comes to Lady Hillary.  Back when she was pushing for her version of universal healthcare back in the 90’s, I was a retiring jeweler. I had owned a jewelry repair shop and a couple retail outlets making me the typical “small business owner”. Some might call it being an entrepreneur.  I will never forget the rage I experienced while driving in my car one evening listening to talk radio.

10.30.2014 Did the Fed's Know? Bookmark

This morning we got our first look at the 3rd quarter GDP number and it came in pretty strong at + 3.5%. So the question is this...was the Fed so hawkish in their statement yesterday because they knew they had a strong GDP print in their pocket? You bet they did.

Insiders Club - 10.30.2014 Bookmark

10.30.2014

This Halloween season brings back some pretty nasty memories for me. It was two years ago this week, when Super Storm Sandy landed dead center in the Brigantine Inlet of NJ, just 3 miles from my house. That evening and the following 3 weeks were some tough times for a lot of my closest friends.  I lost my home completely as did many of my neighbors on the bayfront. But even folks living 5 and 6 blocks inland on the lagoons had water 4, 5 even 6 feet high crashing through their homes. It's certainly a memory that haunts me during the Halloween season. Even now, exactly two years later, many folks still don't understand the struggles a lot of people are still going through in my town.

10.29.2014 Decision Day! Bookmark

Well here it is...today we get to hear from the FOMC what they're going to do with monetary policy. While there's no doubt they will end QE, what is most important is the language they utilize concerning bringing it back if things go sour. Right now the market is firmly convinced that just like QE1, and 2 ended, they'll rush right back in with more free money if things get soft.

Insiders Club - 10.29.2014 Bookmark

10.29.2014

Yesterday for no really discernible reason the market decided to go nuts. The moves weren't little and cautious, we were seeing stocks moving in big chunks. CMI for example was up 9 dollars. Buffalo Wild wings up 18 on the day. If a company even got close to its estimates, it was "straight up".

Consider for a minute Amazon. The other day they announced earnings that showed they were off about a buck a share. Everyone grumbled that maybe Amazon's river of no returns was over. Yet it was up over 7 bucks a share.

Sanity has left the building.

Financial Intelligence Report 10.26.2014 Bookmark

It was really a wonderful piece of timing for me; that my friend and partner Phil Grande from philsgang.com decided to send me an article he’d like to express.  My wife and I were going to be pretty tied up this weekend with some travel, so having an interesting article to publish was mighty handy. So with no further ado, here’s Phil with today’s commentary….


AMERICANISM vs QUANTITATIVE EASING;  CHARTING vs FUNDAMENTALS

With just 13 days left from this writing before the senate race; who would ever think that under the leadership of the democrats and President Obama (our “liar “N” chief) who’s cornerstone of his administration is lying , deception and deceit  (which is exemplified by his recent statement  “by almost every measure we are better off than the day he took office”) while his record shows more lies and deceit and quite the opposite facts:

10.28.2014 Fed Day... Bookmark

Today starts the Fed's two day meeting concerning monetary policy. We all know QE will be officially put to bed, and the market seems okay with that. But why? Everyone knows it was the QE that has allowed stocks to gain the incredible heights they've made. Why wouldn't they be in a panic about it ending?  Well one is that they know we don't need the Fed's buying bonds to keep rates low, banks are buying bonds so they have collateral to make derivative bets

Insiders Club 10.28.2014 Bookmark

10.28.2014

Yesterday the market took a pause to catch its breath. It was a well deserved rest considering how far the indexes have come in just 6 trading sessions. But overnight the futures resumed their magic levitation, and frankly...there's not a lot of reasons for it that make any sense.

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