It appears that nearly everything written or said on Wall Street has an agenda behind it. This is just a casual observation I’ve made over the past few months. It seems that, in the last few months, the clients that happen to call me on an option expiration day…will often point out some “news” or… [Read More] Option Expiration… Irrelevant?
Lots of people are buzzing because the Dow is at 13,000. Let me tell you, the return over the past six years from the Dow Jones is less than what you could have earned in a money market account. Don’t get too excited. As I showed you last week, small cap stocks have crushed the… [Read More] ETFs vs Large Cap Foreign Stocks
Friday was a wild day — market up 130 points. Why? Two reasons. First, Friday was option expiration — which always leads to more volatility. The most volatility occurs during expiration week each month. So, am I saying the market will fall from here? No! But it wouldn’t be a big surprise to see the… [Read More] April Option Expiration Day
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn’t go down either time. If the markets weren’t going down, why get defensive? It’s an example of where the “generals” stay to fight, but the “soldiers” were leaving the battlefield. Sometimes, when the market… [Read More] Am I the Only One With Losing Stocks?
After Thursday and Friday’s action, the “NYSE Bullish Percent” has now reversed down into a column of O’s. This reversal down into O’s means the defensive team is on the field. So we move into a wealth preservation mode from a wealth accumulation mode. Does this mean the market will definitely crash? Absolutely not! A… [Read More] Here’s The Signal To Begin Wealth Accumulation Mode
As I am writing this, the Dow Jones is down nearly 180 points. Sounds like a lot, right? That’s about 1.5% By comparison, October 19, 1987 the stock market dropped 22% in one day. Perspective does matter. Anyway, the last few days, I’ve seen headlines like: – Greenspan Thinks U.S. Heading Toward Recession – High-Risk… [Read More] The Stock Market is Down Today