Actually exist underneath the endless struggles in washington, dow dipping 42 points, s p advancing. 11 and the nasdaq advancing 3. 8 . The market shows that it loves tech in all of its forms and neither angry tweets by the president or angry speech in the house can all the stocks link with trumps real agenda. Tech is ascended because its got the organic growth that Institutional Investors love, but fabulous visibility that you the home gamer thrive on. I know we have been chatting all day about how blackrock has been slashing costs by firing the managerings and let tech pick approximate stocks, so why not booting the underperforming Portfolio Managers and slashing fees. Regular viewers know im a huge believer in indexed funds. Okay . I think you should stick the first 10,000 of your portfolio in a low cost indexed fund. I get a lot of heat on twitter, saying will you please listen to me on this . And you should stay in indexed swaps over into indexed bonds for more surety. But my poin
That the democrats could take not one, but both houses of congress. And im starting to think thats a major reason why stocks arent acting as well as wed expect given that so far earnings season has been pretty darn strong. Even as the dow rallied 41 points today. It is far more muted than one would expect with big rallied intraday usually giving up to selloffs in the late afternoon. Sell, sell, sell. Now, maybe the debate tonight will change things but for the first time in ages, i think its important to frame the stock market in the context of a potential democratic landslide come election day. What would it mean for the democrats to win the house, to win the senate . What would it do to the stock market . White house, senate, house of representatives. Well, first, it would most certainly elevate the more radical wing of the Democratic Party that views big business as the enemy. Think Bernie Sanders. Think elizabeth warren. So where would they do the most damage . The government inter
Some losers and render decisions about where to put your money. Averages are bouncing a tiny bit today. S p inching up. And nasdaq. Remember a few weeks ago when i told you that the s p 500 os later i follow, the one that measures the buying pressure was giving an overbought reading of plus 10, indicating excessive buying and it concerned me . Back then i said the market would have to work off by a selloff or decline over time. The market chose the latter path. And weve now gotten to the point where its no longer unsafe at any speed. Im not saying just buy anything. After a shallow advance, the dow produced seven losing sessions. The bull market was lucky that it wasnt more damaging and permanent, because every time the market takes a sharp turn down, more people flee. What looks more promising . I see the humanization of pets, semiconductors of all shapes and sizes and the steel stocks. How about those to avoid . The retailers, super markets, restaurants and airlines and travel and le
Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch kwoh of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here [ buy, buy, buy ] and a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] from the fed on wednesday saying it is time to raise rates. What are the terrific six . Not the tirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy wh
Declined 1. 3 , nasdaq up. 4 . Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch house of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here buy, buy, buyand a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] it is time to raise rates. What are the terrific six . Not the thirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy which i