Insights

Friday I made a very brief case for Apple stock being undervalued but probably overowned right now. Let me finish that thought. When stocks get so far above their 150-day or 200-day moving averages, and Apple is 40% above its 150 day moving average, most stocks will...

Stock markets in Asia finished mixed, Europe was up between 0.4% - 1.1% and the US finished mixed. Gold was up slightly, oil was up strongly 1.8% and bonds were up. The dollar was down .7%. For the week though the S&P 500 stock index was up 2.5%. That's a great week....

I heard a supposedly independent analyst on NPR last night talking about why Republicans think this election is so critical. His take was that people are getting more educated and the Hispanic population is increasing so Republican voters are worried they only have a...

Stocks gave back a little from their big jump yesterday. Asia was up, Europe was mixed with Germany up over 1%. The German market is up 12% year to date. Apparently money that used to invest across Europe is being concentrated in Europe's best national economy. Gold...

Stocks around the world were higher today. China started things out with nearly a 1% gain, European markets gained 1%+ and the US market gained 1.5% - 1.9%, depending on the index. Gold continues its decline, down 1.75%; oil was up and bonds were down. This is...

The US stock market returned to its previous high set last Thursday, largely on the basis of better than expected job numbers and a strong revision to January's reported #s. Oil and gold were both up 0.7% while bonds were mixed. The dollar was up strongly today, too....

I have posted the March newsletter "Chances of Another Market Crash" to the web site. See Newsletters at the top of any of my web pages. It is a little longer than usual but that is mostly due to some large charts. I think you will find it informative. In it, I cover...

Usually the sharp drop in the early morning from European sellers bottoms out around 10 - 10:30. Today, each little attempt to buy low was met with further selling. There are likely two reasons. 1) US stocks have no real correction since their run started in October...

Today's action was very choppy and in the last week US stocks are up less than 1%, though for the Nasdaq that would be 1.75%. Small stocks have actually declined 1.6%. We don't like to see that because a good bull market has small stocks on board. To be fair the...