So why does the market not care about crashing profits? Because profits and the economy have not driven this bull market. Just the opposite. Bad news often sends the markets surging. Why?
The Smart Bird
The Early Bird for Investors — Provides a summary of the best commentary and pertinent news
TSP Funds & Two Fish Swimming
Two fish were swimming past houses and cars and the first fish said, “this certainly is a large tsunami” and the second fish said “what’s a tsunami” and the first fish said “a tsunami is a large wall of water that pushes inland” and the second fish said “what’s water”.
Goldman Sach’s Whitehouse Update II: Pre-Stock Market Crash?
In Goldman Sach’s Whitehouse Update I: Pre-Stock Market Crash Treasury Secretary “Moe” Mnuchin threatened that the stock market would crash if his tax cuts for the Super Rich did not get passed. Shockingly, the Republican’s passed the tax cuts. Okay,… Read More ›
Trump versus Trump: Who’s Right
Candidate Trump excerpts from 12 September 2016 CNBC article [Fed Chairwoman] Yellen should be “ashamed” of what she’s doing to the country [by not raising interest rates], Trump said, adding the Fed is not even close to being independent. By… Read More ›
TSP funds: I’m Sure It’s Nothing
No sorry, I’m not posting a TSP chart this time. I know, if you stare at the TSP charts your TSP fund price goes up faster. And if they went up last year that means they will go up forever. … Read More ›
TSP in the Age of Wealth Extraction
TSP funds are invested in the same stocks as everyone else. Past performance really is not an indication of future performance. Market tops have the best past performance and the worst future performance. Buy & hope or dollar-cost averaging are… Read More ›
You Can’t Make This Stuff Up 2.0
In January we wrote how the largest ponzi scheme ever hit 200 million Chinese “investors” who may have lost everything to an online financial company. Now we read the largest ever bank fraud was just discovered in India. Normally, I would… Read More ›
The Fed’s New Orders
That was quick. No time like the present to end “Stupid is as Stupid does…“. Just a hunch on my part, but traders probably noticed the Fed’s shorting volatility and joined them a long time ago. Nice little profit this… Read More ›
Stupid is as Stupid does…
If we narrow it down, the one lesson is simply to not invest against the central banks. Forget the GDP and corporate profits because those represent economic supply and demand curves. What matters are the supply and demand curves of… Read More ›
Capitulation to the Upside
We have never seen capitulation to the upside before. I don’t know what else to call it. We’ve seen it near bear market bottoms, but never during bull markets. Even the Nasdaq-100, the greatest bubble of them all, did not… Read More ›