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* There is a fundamental difference between trading your capital and investing your portfolio * Short term trading of shiny objects "du jour" and longer term investing in companies with deepening moats (competitive advantages and enduring franchises...
* I am bearish on self confidence and certainty in an uncertain world * I am bullish on history and the lessons it has taught me * Speculate, but recognize the downside to holding the bag The sailors say, "Brandy, you're a fine girl" (you're a fine...
* Are we witnessing an end to the relentless rise in equities? * Are we witnessing an end to speculation (which, to me, has run amok)? * Rationalizing the irrational, recent boastful claims of speculative trading gains, and criticism of Warren Buffe...
The hitch is that fundamentals do matter, too. Confused? Let's examine what's happening in the market and why it's making me cautious.
The first short in my basket of worthless/bankrupt companies has bitten the dust this week - Chesepeake Energy . I expect the next shot to be fired by Hertz . There will be many more bankruptcies to come in the oil and gas, non residential real esta...
Let's go over the confluence that allowed us to advance after a brief dip down in the morning.
Japanese company Shionogi developed a noninvasive saliva test for Covid-19 that delivers results in 25 minutes, and could be used on travelers.
These stay-at-home, newbie short-term investors are learning the hard way about gambling on 'bargains' bound to go belly up.
Here are a couple examples of what traders can do to take advantage of those days when stocks take a shellacking.
Hong Kong will have its own tech quartet as of next Thursday; Asian shares don't have the same euphoria as U.S. stocks (yet), and that's a good thing.
The market misread the narrative that there was a cyclical recovery. That equity spike had to come back to earth.
The 'don't fight the Fed' Bulls are going head-to-head with the 'sell the news' bears.
"Admitting a mistake is not a weakness; on the contrary, it shows an openness of your heart. It takes guts to say sorry. Only a strong and well-balanced individual with clarity of mind can do so effortlessly. Taking responsibility for your actions r...
This market is broken, and here's the good news and bad news about trading in it right now.
* The market's leadership is particularly narrow The market is doing its best to confuse everyone. After two days of an upward breadth thrust - we have reverted to a 4-1 negative imbalance of declining issues over advancing issues. More importantly ...
Hertz and Chesapeake remind me of the time I bought a bunch of common stock of Memorex-Telex -- and you can guess how that played out.
Trading stocks that one knows are worthless -- and that even have declared bankruptcy -- because they are rising is a 'fool's errand.'
* In nearly every market cycle, speculation in low-quality, virtually valueless and literally bankrupt stocks, marks a market top * Statewide "shelter at home" orders coupled with the Fed's liquidity injections and commission-free trading (on most p...
Many are saying the market is similar to how it was decades ago, but here's a key difference.
It has been two decades since there was 'bubbly' action like we are seeing now.
Let's look at what's responsible for the incredible rally in the Nasdaq, because it's much more indicative of what's really going on in this market than the endless run in hospitality and travel.
HTZ should not be valued at five bucks and change -- so, here's how I'd play the low-rent name right now.
Fear of missing out on speculative trades and fear of missing out on a positive market trend are driving the action.
It can safely be said that no one saw this course of events coming.
People will still go to work. They just won't carpool and they won't take the train. They will drive.