Fluctuating, rotating flopping chopping and most of all confusing leadership, it makes it unfathomable where the dow sneaks up 20 points. Nasdaq declined. 05 percent. Whats hard to understand . Mainly mainly, today we seem to give up on the exact stocks we loved yesterday and vice versa. The inconsistency i find it maddening but it has to do with fund flows scroll around as Portfolio Managers try to grab stocks and flee from others in an ever changing. Right now weve come to realize there is weakness in this country and its not abating. Industrial products capacity utilize nation and Consumer Confidence numbers today that were disappointing. But the companies to sell overseas they arent hamstrung. Thats why they shares vaeld so hard yesterday while companies that do business domestically saw their stocks get pummelled today we got a predictable backlash. Costco and coals just plain overdone. Will todays retail strikes back rally continues . To find out we have got to look at the game p
Thats certainly how it feels on todays like today and the perception everything is going wrong is absolutely at the heart of the decline. But im also sure of something else. Whats good for the stock goose isnt necessarily good for the stock gander. Not everything can be bad all at once for all stocks. Some groups are going to be winners. Even if the big name industrials could get a further beatdown. So lets pull the negatives apart and is see where they take us. First the dollar was very strong today. Thats being viewed as a huge negative for all companies. I think the action today was contrary to the major trend. Ill go off the charts later to demonstrate the technical case for betting against the dollar and in favor of the euro. But lets say im wrong. Do you remember how the market reacted to the sustained strength of the green back that was the story for most of last year . While our International Stocks did indeed get pounded, many domestic stocks performed fabulously. The domestic
Well go over to japan and tell you whats going on there. Lets get to our road map here. Youve got mail. Verizon aol, 4. 4 billion. Why is armstrong selling the company he runs and why verizon is buying a content business . Plus as we mentioned, we are seeing red in the premarket. Stock futures are lower as that selloff in bond continues. Another month of weak numbers from the gap. Retailers april sales came in below consensus blaming, what else . Youre thinking weather . No. Strong dollar. Thats what they are going with at the gap. Verizon agreeing to buy aol 50 a share, 4. 4 billion a cash. The dow component says it will help build digital and video platforms to drive future growth. Tim armstrong will continue to lead aol after it becomes a whollyowns verizon subsidiary. The ceo of aol was asked why he did this deal now. When you look at where we are today and where we are going, we made aol as big as it can be in todays landscape. If you look forward five years, youll be in a space w
Articles about how the twitter deal signaled the end of the bull run. Today, dow up. Nasdaq advanced. 01 . We saw the quintessential top calling piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put aside for a moment the hilarity of the could be bad sub head. Bad for what . For individuals . The bulls, bear, eagles, country . For now lets focus on what i call the time honoredness of the could be bad exercise. First, it is true. Market had a 24 advance this year. Stock market has been a good place to put your money since the bottom in march of 2009. Second, individual investors are definitely more interested in stocks. As the article points out, 76 billion put in stocks versus the dollars pulled out. Im not oblivious to the steaming hot nature of twitter. As i said last all week, everyone has the right to overpay as long as they accept consequences including the responsibility something could go wr
Deal with the bull run. Today dow up. Nasdaq. 01 . We saw the coin piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put a side for a moment the hilarity of the could be bad sub head. Theyre for individuals. The bulls, bear, eagles, country. For now lets focus on what i call the time honoredness of the could be bad exercise. It is true. Market had a 24 advance. Stock market has been a good place to put your money since the bottom of 2009. Individual investors are definitely more interested in stocks. As the article puts out. 76 billion put in stocks versus the stocks pulled out. Im not bloblivious to this twitter. As i said last week, everybody had the right to overpay as long as i dont accept consequences including the responsibility something could go wrong. Twitter could turn out like facebook, highly overrated stock. Became inexpensive and became tremendous earning power as the company got the