We are now well into the market selloff that started just a little over a week ago in mid February and the body count is still rising. Stocks that had shown relative weakness have continued their descent, but now even heretofore strong stocks are joining in the selling. There are technical reasons for this that … Continue reading How To Know How Low Is Low
When do we buy?
After a prolonged period of steadily ratcheting prices, all stock indices sold off abruptly over the last week. The breakdown in discussions on trade between the US and China has been blamed for the swoon. In fact, this was the case since nothing else has really changed in the past few months. While the selloff … Continue reading Now What?
There's an old saying that Generals are always fighting the last war. In similar fashion, many stock market participants do the same thing. Since the great market swoon in December of last year, market pundits on video and print media obsess about the return to the new lows, or at least a test thereof. The … Continue reading ‘A Bubblin’ Crude
2018 ended quite differently than we would have imagined considering the positive start to the year. Long term trends and a high level of complacency gave way late in the year to a much more defensive view of the stock markets. While the volatility is unsettling, it's nothing new for the stock markets. On the … Continue reading Apple And Tom Brady
Much has happened in a very short time. The recent activity in the equity markets showed the flip side of the benign environment that has existed for almost 2 years since November of 2016. We'll leave it to TV market pundits to explain stock market swings ex post facto, but we can make one glaring … Continue reading The Maddening Crowd
On the recent market decline, many high quality names were thrown out by investors like rotten apples at Whole Foods. A somewhat surprising name among them is IBM. While the chart of IBM was hardly dynamic in the weeks prior to the market's correction, the heavy and continued selling indicates that lots of big money, … Continue reading IBM, Babies And Bathwater