As we’ve seen, predicting where the SPX will end a given year is a tough business – but that hasn’t stopped any of these analysts. On March 1st, the day after the State of the Union Address (when the POTUS commented on the market’s gain) the SPX hit 2400 – exceeding the expectations of 16 […]
The market consists of cycles that manifest over infinite timeframes. Here’s the emotional roller coaster I’d imagine a carbon-based trader would go through over a couple of days on a 5-minute chart.
It’s almost that time again – time for “earnings roulette” season. Or as I sometimes say “earnings blow-up season is right around the corner“. You probably know by now I’m a fan of drinking games, so if you want to play along this earnings season… every time a company blames bad earnings on the “strong […]
I saw a couple graphs posted on Twitter last week that really sparked my interest. I wanted to post them here so when I get some spare time I can sit back in my chair and ponder them more over a couple cocktails. The first graph is a look at the current “recovery” compared to […]
If you missed my post 2017 Wall Street Year End Price Targets you can check that out here. Now that the final analyst (Tom Lee) released his year-end target, I wanted to post the table that shows just how low expectations for this year really are. It looks like the majority of firms don’t expect […]
“I predict we’ll hit Dow 20,000 this year” – StockCats January, 2017 Fixation on Dow 20k… One thing that’s been bugging me recently is the incessant “cheerleading” of Dow 20,000 on CNBC. I believe the unhealthy fixation on Dow 20k kicked off shortly after this interview. Soon after they started running with “The March to […]
A couple years ago I noticed a strange phenomenon that occurs around the end of each year – and the beginning of each new year. Dozens of necktie-clad stock market experts appear on CNBC (and in other media) and proclaim they “expect the market to rise 8-10%” the following year. Since this annual ritual seemed […]