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Don’t Be Fooled By Wall Street Handwringing Over The Fed
The financial news media is reporting today that many on Wall Street are worried the Fed might begin tapering its bond purchases in December. The stories say these concerns prompted yesterday’s market drop. And they imply these concerns could lead to further selling over the weeks ahead. My message to you… don’t believe the fear […]
Skittish Investors Move To Cash Not Gold
No question about it, there are plenty of reasons for investors to be worried right now. The partial shutdown of the federal government is now in its ninth day with no end in sight. Democrats and Republicans continue to play a high stakes game of chicken over raising the debt ceiling. And the Federal Reserve […]
Are We Heading For An Old Fashioned October Crash?
While September is historically the worst month of the year for the stock market, October is the month that sends shivers down investors’ spines. And it’s not hard to understand why. After all, the worst market crashes in history have occurred in October. In late October 1929, the market dropped 23% across two days now […]
Has The Market Peaked?
The major market indices are falling for a third consecutive day. And the Russell 2000, our proxy for penny stocks, is on track to register its second lower close in as many days. Given the market’s big gains this year, one has to wonder if this is the beginning of the end. Will we look […]
Will The Fed Really Cut QE Before Year’s End?
A couple of top economists shocked the market yesterday. According to Bloomberg, two former Fed economists said the central bank will cut its monthly bond buying from $80 billion to $50-$60 billion in the fourth quarter. The two see such a cut as the first step in a three-step strategy to wind down the Fed’s […]
Is The Party Over For Penny Stocks?
In a surprise move, the Fed released minutes from their March meeting early this morning. It was a surprise because the release was well before the regularly scheduled 2 p.m. time. The early release most certainly threw investors for a loop before they even had a chance to down their morning cup of coffee. But […]
A Sign The Apocalypse Is Near!
Earlier this week I had the pleasure of sitting down to chat with non-fiction, sci-fi, and fiction writer Frank Fiore. We were having a casual lunch as he lives near I do, and he was telling me about his latest book which is nearing print. The conversation turned to politics and world events, and of […]
Fiscal Cliff Avoided: What’s Next?
Well, that was close. Several times over the past week I wrote that I was sure our government would resolve the fiscal cliff issues prior to the end of the year. I was somewhat wrong – they didn’t actually agree to anything until technically after 2013 began. Plus, there are still several important issues left […]
What Recession?
In the world of economics and finance, there are always naysayers. It just goes with the territory. No matter how good the numbers look, there are always going to be people who attempt to poke holes and find flaws in the data. In recent times, perhaps nothing has been more contentious than the path of […]
Will The Fed’s Bold Moves Save The Economy?
It looked like it was going to be another slow week of fiscal cliff watching. Then the Fed meeting happened. And while the market’s reaction has been tepid (as of this writing), there’s a whole lot to digest in the Fed announcement. Make no mistake, the Fed’s statement is a huge deal. In fact, it’s […]
Does Apples (AAPL) Fall Spell Doom For Stocks?
With all the post-election carnage in the stock market, it may have been easy to miss just how hard Apple (AAPL) has fallen. Over the past month, the worlds largest company is down 17% for the month. And thats after a minor recovery, where the stock nearly broke below the psychologically important $500 per share […]
