Yesterday was the single largest percentage gain for the Dow Jones Industrial Average since 1933, up 11.3%, while the S&P 500 (SPX) gained 9.3%. Truly Astounding. This is what my watch list looked like…Are we …
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MorningWord 3/24/20: Give Me a One-Handed Epidemieconomist
So the Goldman Sachs folks are chirping in their old crony, current Treasury Secretary Steve Mnuchin’s ear about re-opening the economy before we have any clarity on when coronavirus cases might peak in the U.S.: …
Continue readingMorningWord 3/23/20: Where Is My Mind?
“Trust me, everything is going to fine..” These coronavirus pres-conferences have one job, instill confidence in the government’s response at the same time giving useful information to scared citizens, they are failing at that, and …
Continue readingMorningWord 3/20/20: The Bailouts Will Continue Until Capitalism Improves
Last night while I was on CNBC’s Fast Money, as we were talking about the potential capital needs of Boeing (BA) and the market rumors that they were seeking a financial lifeline from the government, …
Continue readingMorningWord 3/19/20: Stay In Your Lane Bro
Yesterday on CNBC I was asked to opine on an interview that my good friend Scott Wapner, the host of their Halftime Report conducted earlier in the day with Billionaire Investor Bill Ackman of Pershing …
Continue readingMorningWord 3/18/20: This Is NOT The End
Today is my 20 year wedding anniversary. For lots of reasons, I don’t have a hard time remembering how many years I have been married, largely cause of the nice round number of the year …
Continue readingMorningWord 3/17/20: Lowest Stock Market In Recent History, By Far!
Aside from the social distancing that we are all practicing to avoid the spread of the coronavirus, my good friend and long time writing partner CC Lagator yesterday remarked that my morning missive (He has …
Continue readingMorningWord 3/16/20: “He has no idea… no idea what it is like out there… They Know Nothing”
I used to write daily running commentary on this site. I stopped after the 2016 presidential election. As the kids say, I just can’t anymore. Since then, I infrequently Tweet, I am not on Facebook …
Continue readingPride Goeth Before the Fall – SPY
The S&P 500 (SPX) is trading at new all-time highs as I write, up 5% on the year and up 5.5% from the late January panic about the potential adverse effects of the coronavirus then …
Continue readingNew Highs to Run Dry in the SPY
I am going to make this really easy, make a near term bearish case for the S&P 500 with pictures. First, the SPY, the ETF that tracks the S&P 500 Index is up 10% in …
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