A third of the way into January, the rains have returned to Texas. Those couple of weeks rounding-out December, were nothing more than sucker-punches for the unwary. From the outside project table, under the off-square rannygaboo (Americanized from the more proper rannygazoo) rain cover, there were projects lined up as far are the eye could … Read More
Challenger Job Cut report, International Tradewreck, and Weakly U.I. filings top the start of “Bounce Day.” Before we get started – and with a hat-tip to Robin Handler of the Options Signal Service for calling the “big changes Jan. 5” right – let’s roll out the fresh data du jour for you: Challenger Job Cuts These … Read More
This is really one for our Peoplenomics.com subscribers, as we have something of a “chart problem” to sift through going into the week’s end. Big Picture First: At the Macro Level, the old all-time high in our Aggregate Index (of multiple stock indices) hit a new all-time high at the Tuesday close: 41,995.20. The previous all-time … Read More
Let there be no question that I am what society would call a “crackpot.” Doesn’t mean we’re wrong, however. That’s because – in the social-media-fired land of “Me-too’s” – rational thought – backed by Data – is no longer respected. We’re living in a “loudest voice craps game” in a digital dark alley. Where even the … Read More
Ah. the Joy of the Season. Time to get hammered. What’s an old geezer to do when markets are closed, the kids are too busy, and there’s only so much idle chit-chat you can do on the 75-meter breakfast nets in the morning? Why, you get a wild hare idea to build something. In the … Read More
Monday morning, our pre-open call was that “Market Puke Day is here.” Sure enough, the Dow dropped 433-points. On top of losses suffered in previous sessions. With Ipecac Syrup Day over, the market today will pretend the world isn’t going to hell in a hand basket. The rising of sour bile might be held at bay … Read More
Market Puke Day is here. This MAY be where we draw the line between irrational speculation and irrational media manipulation; we’re standing by for it. Here’s how the Rich Folks Laydown is going down: Bitcoin is ready to drop through the 46,000 level for lower regions. The Dow futures earlier were down nearly 400 points. … Read More
Nothing-Burger Fed Decision. But a nothing-burger is just what the shills were looking for. Dow up 383 and change as a result and showing +212 early this morning. Here’s the part of the Fed decision driving it: “In light of inflation developments and the further improvement in the labor market, the Committee decided to reduce … Read More
Yes, in a sense, it’s a quiet one this morning. Fine time to practice short column writing. But tomorrow will be bigger. Be patient. That’s because that’s when the Federal Reserve will be holding it’s FOMC meeting and Wednesday we will get a sense of how much taper to expect and how quickly. There’s other … Read More
We have some new data to go over: International Trade and Productivity in a sec, but before we launch, let’s consider some things: Russia is still moving arms into position opposite Ukraine. China is expanding into the Atlantic, may have container missiles, and Taiwan is as good as gone, as we see it. Then we … Read More
Honestly, very little has changed in the past 24-hours since our last Big Picture of coming events. Russia and the West are pouring war materiel into Eastern Europe. China is still whipping up anti-American sentiment. Markets are getting worried at a deep core level. And above all, 2022-2024 is shaping up as a period when … Read More
We’re set for a rally today. But no wonder! Ure broke his “no day-trading” or “index sniping” and bagged a better than 2.7% gain in the process. I’m also willing to bet our “down under” bear-lover Len had a pretty good day, as well. Since the Lockstralia market was down 21-odd points. Lockstralia is a … Read More
The big news around isn’t markets set for a “dead cat bounce” today. Instead, it’s the return of Mr. Ure’s tractor to 100% with the stump-jumper back in place. I’ve sworn-off fits of day-trading until several major projects around here are done. Hard to do ranch improvement and build-outs (like decks and new rooms) when … Read More