March 22, 2023
The one word I'm not hearing anyone use to describe the banking crisis is "accounting."
March 22, 2023
The price moved up through the neck line (light blue line), setting up a price target above the neck line equal to the distance of the move from the head to the neck.
March 21, 2023
It appears the crisis will be contained, but it won’t come without violent swings day-to-day. Where does that leave us? With sore necks from watching the market’s wild up-and-down fluctuations.
March 20, 2023
Right up to that point, stubborn inflation and an economy still showing signs of life were expected to force the Fed to continue its inflation fight. But then something broke.
March 20, 2023
Looking at the MACD… it’s looking bullish. But again, with the recent bankings news… I’m keeping an eye on that $157 mark.
March 20, 2023
Over the past few weeks I’ve referred to the scarcity of good quality setups as one of my guides. In the last two weeks my main take has been that the market was not ready for a new upswing, and chaotically bouncing around the Key Levels was more likely.
March 17, 2023
Each successive crisis or government imperative doubles the cost of bailing out the economy. And each bailout creates more dependence and fragility. It allows unavoidable risks to fester and grow.
March 16, 2023
This is the setup for the hyperinflationary crack up boom - skyrocketing stock prices alongside skyrocketing inflation - I’ve viewed as inevitable ever since the Federal Reserve abandoned any and all constraints on money supply back in 2008.
March 16, 2023
On one hand, bailing out the banks ostensibly saves us all from a terrible crisis. On the other hand, “Um, why are we bailing out these idiots who were so careless with our money??”
March 15, 2023
Now, I know it’s tempting to point to the usual suspects listed above. But they ultimately draw power from voters. Voters that never fail to fall for political schemes, solutions, pandering, and burden shifting.
February 2, 2022
A few years ago, I stepped back from investment advisory work and took some time […]
January 26, 2022
Within language, there lies a trap. The political left branded themselves “liberal” during FDR’s term. […]
January 21, 2022
Oil markets have been on a tear. Over the last year, prices have traded from […]
January 7, 2022
Time is money. Or, more precisely, time costs money. And thanks to the Federal Reserve, […]
January 5, 2022
December 17, 2021
Price is what you pay. Value is what you get. When you overpay for a stock, […]
December 15, 2021
Moore’s Law sped us through the Information Age. From solid-state relays in the 40s, through […]
December 10, 2021
Well, the Fed finally stopped pretending and dropped “transitory” from their inflation talking points. But […]
December 8, 2021
I’m a Free Will kind of guy. You might as well be born with “Free Will Included” stamped right on your bottom as […]