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 […]