Wow – some rally Friday, huh? Gobs of jobs. But real? That’s what we tackle in our ChartPack today because antics of the swamp aside, there is nothing more important than hanging on to the money you have so you can get things of value. Which – rather remarkably – used to be a simple … Read More
It’s a nice Friday. My new CPAP machine is working great, thanks. With a good night’s sleep, along with a forecast high of 74F today, what could possibly go wrong? As it turns out: plenty. Long-term? Dismal Being a self-centered, greedy, semi-retired scrooge, let me huff on the whiteboard marker and begin with the market outlook … Read More
Not a fan of Joe Biden and his woke/left lying alliance of blustering bureaucratic blunderers. BUT he managed to get one thing right, so credit where due: Biden: GOP speaker drama ’embarrassing,’ ‘not a good look’ | AP News “Bad Look” is Right I don’t like to use (highly-accurate, descriptive) words like “shitshow” at breakfast. So, … Read More
Once upon a time, “Value Investing” meant something. Back in a time when companies had “positive book values.” In other words, when the plant, equipment, and other valuables were sold (like patents and branding) there would be something left over. This positive number was then compared with the most recent market price to establish a … Read More
The Hysteria Outbreak before today’s open was pre-dickable, if you will. The odds of a nuclear “event” was real this weekend, and we might imagine some form of “relief rally” could be justified. But on reading how the Bond Market just experienced its Worst Year EVER (For Battered Bonds, Threats of Further Losses Linger – … Read More
Which says, in too many words: “(3) Instead of a holiday that is designated under subsection (a) to occur on a Monday, for an employee at a duty post outside the United States whose basic workweek is other than Monday through Friday, and for whom Monday is a regularly scheduled workday, the legal public holiday … Read More
A lot going on this week and so no “ShopTalk Sunday” until next week. With the papal passing, we were dealing with our own loss locally. Our beloved Zeus the Cat passed quietly last night after a long illness. He was 96 in people years. A good run for a feral cat lucky enough to find … Read More
The human genome is in the driver’s seat and that’s not something to look forward to in the coming year. 2023 has a ton of very dangerous trends converging in H1 (Q1 + Q2) and the odds of continuing to sink into a Second Depression are high. A look ahead including a longer-range planning view … Read More
A little “mood setting” is in order. Too many years as a rock & roll (and country) newscaster doing mainly mornings, teaches music first, then news. Perhaps “Wrap it Up” by Sam & Dave would work? Or, perhaps, the “Long and Winding Road” would be better? Well, to each their own. For us, Abba is more … Read More
The market today will be starting (based on early futures) with a modest upside bias. Which is due after the “downstroke” of the M that we posited earlier. Our outlook continues to expect a major decline in over-priced housing over the next six-months. Not to Be Conspiratorial But… My consigliere and I are both very worried … Read More
Right. But is that hours or the year 2024? This morning we consider the structural problem of “quantum futuring” and ponder our simplistic views of probability over time contained in our language and thinking styles.. We don’t propose any novel new ways to approach such profound Truths – as what lays ahead for the upright … Read More
As we’ve been telling you, with Housing loan rates in the 7.9 to 8.1 percent range (depending on military service, credit scores, lenders and yada, yada, we know that net cash to sellers is going down. So, it’s only reasonable that prices would be along in kind. “NEW YORK, DECEMBER 27, 2022: S&P Dow Jones Indices (S&P … Read More
This might turn into an “M” week. That is, up at the open today (if futures hold – housing will pop first) but then petering out after the commercials get back from stuffing presents. That may lead to the “downstroke” of the M’s middle around tomorrow and into Thursday. But a pre-holiday frosting rally can’t … Read More