The verdict from traders and the punditry is in: The bungling Washington politicians have merely “kicked the can” and we must all revisit the same problems in 90 days. The prevailing sentiment is extremely negative. The Yahoo Finance polls are not a scientific sample, but they are a reflection of attentive investors. In asking how […]
My Gut Feeling for Today, April 18, 2013 ($$)
April 18, 2013 By Leave a Comment
The markets came into Wednesday’s session poised to decline. However, ricin laced letters were received in Washington, bomb squads were dispatched in Washington as well and a courthouse was evacuated in Boston. These events just added to the fear that has gripped the nation over the past few days. As a result, the market took […]
My Gut Feeling for Today, September 24, 2012 ($)
September 24, 2012 By Leave a Comment
We survived the ultra mega multi quarterly derivative expiration without any major dislocations. The hangover this morning is likely to be mild to non-existent. Overall the markets were slightly lower but virtually unchanged last week. Today’s news is some of the old European and Chinese stories that are getting dug up on an otherwise slow […]
My Gut Feeling for Today, September 14, 2012 ($)
September 14, 2012 By Leave a Comment
The FOMC delivered PIMCO its Christmas and Hanukah presents early when the monetary body announced a new program of mortgage back purchases. Speaking to my contacts at the NY Fed, this was a strong message from the FOMC but was not really QEIII, although the media will be called it such. The $40 billion of […]
Weekly Sector Update: TIme to buy Health Care?
April 12, 2012 By 1 Comment
This week’s featured ETF is the Health Care SPDR (XLV). This is one-stop shopping for all of the big name health care stocks. The top holdings include JNJ, PFE and MRK, which make up 32% of the fund. The top ten constitute 58%, so the overall concentration is not too bad. The trailing P/E ratio […]