Market Montage
Stock Market, Economics, Equity Analysis
Feb25
In all the old school technical analysis screed, volume should accompany price movement. Especially to the upside. However anyone subscribing to that view will be absent in this year's rally and indeed much of the rally of the past few years. We have a new paradigm market where volume can whither, yet prices can continue to levitate. Another reason many mistrust the market nowadays – that simply is not how it used to work for decades on end. …
Feb25
Some very interesting thoughts in this interview with the well respected John Burbank of Passport Capital, especially on the the things central banks are doing around the world, why they are doing it, and the damage it is causing the average person. His quote about oil "I don't think oil is going to stop until the economy breaks which is a real risk." is akin to what we saw in spring 2008. …
Feb24
While those of us closest to the market tend to equate "market = economy", it's obviously not so much that way for the other 98% of the population. That said, economic data has firmed up quite a bit in the past few months, so many eyes were on the ECRI and it's main spokesman Lakshman Achuthan who made a call for recession about 5 months ago. He has resurfaced this morning. As always the firm says their data has a lag of a few quarters, but this is going to be an interesting call when we look back at in half a year as thus far it appears to be the first strikeout in a while. But still too early to tell.
p.s. Lakshman says the consensus will "see" the recession about a half a year from now. He does point to a lot of interesting economic factoids… and says employment will roll over in the future.
Feb24
If this report is true, it's going to be interesting at what price point Google (GOOG) brings out its own tablet. In the phone market the Androids are nowhere near the price of the iPhones but Google is more about the operating system there, rather than hardware. It sounds like a different situation with this potential tablet. Amazon.com (AMZN) has thrown the gauntlet down on the low end with the Fire, on which they supposedly lose a small amount of money for each unit, so it would seem unless Google simply wants to get market share at any cost (not sure why they would want to do that considering their core business is search) they'd be priced higher. …
Feb24
After a one day respite we are back to the pattern of the past week and a half or so. Big caps continue to lead, while a lot of stocks are left behind.
S&P +0.2% vs Russell 2000 -0.2% …
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