|Day Low/High||27.34 / 28.73|
|52 Wk Low/High||20.76 / 54.75|
The current market action looks similar to what occurred in mid-February.
In view of the obvious economic issues that the market faces, it is interesting that sentiment is not more negative.
I do think the key to reopening this economy is one of greatly expanded testing for Covid-19, once a reliable treatment has made it past clinical testing, and into mass production.
Forget the issue of a retest of the lows for now and focus on new areas of technical support.
The seeds of this government takeover of markets were planted more than a decade ago.
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...
Don't get me wrong, something is better than nothing, however, PPP, as large as the numbers sound, won't make a difference if businesses aren't operating again within six weeks.
CEO Jamie Dimon is back and the firm is in good shape, even if times are rough, so I plan to add on weakness.
Given the current price pattern in the banks, I see no reason to rush to buy them at this point.
* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...
I do believe that having no economy is temporary. I also believe that what comes out on the other side will be smaller, far less global.
* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...
* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...
I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .
* The market outlook will be a function of economics and emotion -- I am more optimistic of the outcome than most * Uncertainties and, now panic, are reflected in uneven and inconsistent market swings on a daily and evenly hourly basis * But, uncert...
Let's talk about opportunities amid the coronavirus crisis, and how Fed Chair Jerome Powell took bold action that puts us in a better position than before.
The decline in WFC started early and that should tell us something.
Here are six companies that should come through in the tough times ahead.
I'm not willing to stick my neck out right now and take an equity stake.
What we have witnessed in recent days would be Wall Street and corporate America in aggregate finding great difficulty in quantifying what is clearly at this point, unknowable.
Plus, a bit of coaching on how to put your money to work opportunistically amid the uncertainty.
"Just one more thing." - Lt Columbo I am bidding for Wells Fargo on the news of a $3 billion settlement with the government, which was announced after the close.
I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...
But a shallow dip before renewed gains is possible for TWLO.
Given the headlines of late, it's no wonder so many missed the news of this small Massachusetts Dividend Contender's latest increase.
For those that are keeping score, I am very liquid today... Longs: , , , , , , , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...