Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th
Guillotined as the action in the bomb market indicating the economy is improving we dont need those kinds of stocks anymore the market is constantly trying to predict the future, takes inputs, aggregates them, the consistent growers are out and the cyclicals are in thats right, the companies that can build big numbers when the economy is in shape, theyre back theres just one problem, the random set of inputs and outputs is missing a key ingredient, emotion. If you want to be a successful investor, you need to check your emotions at the door and right now thats not happening. Let me show youwhat i mean why dont you take a stock we all know, merck, then amazeingl it spent two decades lots in the wilderness until they discovered keytruda mostly lung cancer, in trials for many types of tumors, the strength of keytruda breathed new life into merck stock. Now merck has dropped five bucks in two days with the darn thing coming back down to 81 at its hideous lows, it was down nearly 10 from la
Plummeting. Brussels remains on total lockdown with expectation of imminent attack. Weve got a Holiday Travel advisory in this country warning of increased terrorist threats. The fed is prepped and ready for its first rate hike in years. All of europes forces are getting hit hard. And what do we do . In spite of this discouraging backdrop, we rally. Dow gaining 20 points. Not bad. When you see days like this one, where the odds are stacked against pretty much anything positive, and you nevertheless get a big turn, you have to recognize sentiment is simply not working as a barometer of stocks. Right now this market is saying it wants to go higher. And its yelling that message over a cacophony of negativity, the likes of which we havent seen in some time. Whats working . Oil, which is supposed to go to 30 a barrel, every time it goes down we hear about dive, dive, dive it had another good day, a day when it rallies away from its perilous forget weigh station, inspiring one of the greates
Its first rate hike in years. All of europes forces are getting hit hard. And what do we do . In spite of this discouraging backdrop, we rally. Dow gaining 20 points. Not bad. When you see days like this one, where the odds are stacked against pretty much anything positive, and you nevertheless get a big turn, you have to recognize sentiment is simply not working as a barometer of f stocks. Right now this market is saying it wants to go higher. And its yelling that message over a cacophony of negativity, the likes of which we havent seen in some time. Whats working . Oil, which is supposed to go to 30 a barrel, every time it goes down we hear about dive, dive, dive it had another good day, a day when it rallies away from its perilous forget weigh station, oil stock rallies of the year. Schlumberger, exxon leading the way. Coral labs rallied almost 4 points. Crude may not want to soar into the stratosphere but these stocks sure do. Thats an obvious sign that the big institutional Money
E fed is prepped and ready for its first rate hike in years. All of europes forces are getting hihard. And what do we do . In spite of this discouraging backdrop, we rally. Dow gaining 20 points. Not bad. When you see days like this one, whwhe the odds are stacked against pretty much anything positive, and you nevertheless get a big turn, you have to recognize sentiment is simply not working as a baromomer of stocks. Right now this market is saying it wants to go higher. And its yelling that message over a cacophony of negativity, the likes of which we havent seen in some time. Whats working . Oil, which is supposed to go to 30 a barrel, every time it goes down we hear about dive, dive, dive it had another good day, a day perilous forget weigh station, inspiring one of the greatest t schlumberger, exxon leading the way. Ral labs rallied almost 4 points. Crude may not want to soar into the stratosphere but these stocks sure do. Thats an n vious sign that the big institutional Money Mana