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Earnings, Multiples, & Untold Truths About Forward Valuations
Earnings up, multiples down. Such seems to be a straightforward rationale for why investors should pile into markets as it enters a "new phase." Such was the suggestion made recently by Yahoo!...
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Technically Speaking: The Markets Next “Minsky Moment”
In this past weekend's newsletter, I discussed the issue of the markets next "Minsky Moment." Today, I want to expand on that analysis to discuss how the Fed's drive to create "stability" eventually...
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Just How Transitory is Inflation?
Just How Transitory Is Inflation? Would you buy a five year CD paying 5%? We would be shocked if anyone answers “no.” On a relative basis, versus other fixed-income options, a 5% FDIC guaranteed CD is...
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Market Rally Continues As Earnings Beat Estimates 07-30-21
In this 07-30-21 issue of "Market Rally Continues As Earnings Beat Estimates." Market Rally Continues The Mirage Of Strong Earnings GDP Eclipses Pandemic Level Portfolio Positioning Sector &...
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S&P 500 Monthly Valuation & Analysis Review – 07-31-21
S&P 500 Monthly Valuation & Analysis Review: 07-31-21 Also, read our commentary on why low rates don’t justify high valuations. J. Brett Freeze, CFA, founder of Global Technical Analysis. Each...
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Technically Speaking: Past Performance Is A Guarantee?
"Past Performance Is no guarantee of future of results." Such is the disclaimer below every performance chart produce by the financial marketplace. However, as Jason Zweig recently noted, that warning...
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AMC Foolishness Comes At A Dear Cost
AMC Foolishness Comes At A Dear Cost “For one thing, in a world of free money, there’s almost no penalty for being a numbskull. And no reward for prudence. You run your business at a loss? No problem....
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Market Stalls At All-Time Highs Awaiting The Fed 08-06-21
In this 08-06-21 issue of "Market Stalls At All-Time Highs Awaiting The Fed." Market Rally Stalls At All-Time Highs Fed Getting More Vocal On Taper Bond Rally Not Hard To Understand Portfolio...
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Technically Speaking: A Test Of The 200-DMA Is Coming
A test of the 200-dma is coming. The only questions are when and what will cause it? Two weeks ago in the Real Investment Report (subscribe for free email delivery), I discussed the rather long span...
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WWBD? What Would Bob Farrell Do?
WWBD? What Would Bob Farrell Do? The ten commandments are biblical rules and ethical standards forming the foundation of Judaism and Christianity. Bob Farrell, Wall Street legend, created his own set...
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Bulls Charge Ahead On Hopes Fed Stands Pat 08-13-21
In this 08-13-21 issue of "Bulls Charge Ahead On Hopes Fed Stands Pat." Market Rally Gains Steam Market Internals Extraordinarily Weak The Fed Gave Investors No Choice Portfolio Positioning Sector...
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When Is The Next Bear Market? 3-Things Will Tell You
The question I get most often is “when is the next bear market?” There are three specific items that tend to predict bear markets and recessions with some accuracy. However, before we get to those...
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Technically Speaking: 6-Positive Market Months. What Happens Next?
In this past weekend's newsletter, I discussed the rarity of 6-positive market months in a row. To wit: "An additional 'red flag' is the S&P 500 has had positive returns for 6-straight months. As...
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WWBD? What Would Bob Farrell Do? Part II
WWBD? What Would Bob Farrell Do? Part II In Part 1 of What Would Bob Farrell Do? we reviewed the first five of Bob Farrell’s legendary rules of investing. We now continue with rules six through ten....
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Did The Fed’s Monetary Policy Experiment Just Fail?
Did the Fed’s “monetary policy experiment” fail? The recent dislocation between consumer confidence and the financial markets may indicate just that. “U.S. consumer sentiment dropped sharply in early...
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The Fed Blinks On Taper, Bulls Buy The Dip Again 08-20-21
In this 08-20-21 issue of "The Fed Blinks On Taper, Bulls Buy The Dip Again." Bulls Buy The Dip...Again. Speculative Fervor Is Fading 30-Year Yield "Death Cross" Portfolio Positioning Sector &...
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Fastest Bull Market In History As S&P 500 Doubles.
In the fastest bull market in history, the S&P 500 doubled from its pandemic lows. While this is undoubtedly a newsworthy milestone, what does history suggest happens next? As noted by CNBC:...
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Technically Speaking: “Pet Rocks”& Other Signs Of A Rich Market
"Pet Rocks" first appeared in the mid-70s as a novelty item. Just recently, digital NFT's of "pet rocks" sold for over $100,000. To wit: "Rarely do they create waves for investing in something as dead...
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What a Miami Stripper and Fiscal Elephant Have in Common
What a Miami Stripper and Fiscal Elephant Have In Common “Banks have conditioned us to trust them, and what have we got from that?” – Mark Baum (Steve Carell)- The Big Short. In his book and movie,...
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Seth Levine: ESG Is A Superfluous Virtue Signal
Environmental, social, and governance (ESG) investing is all the rage these days. Naturally, funds are launching to meet the growing investor demand. However, new company formation cannot keep pace...
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