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November, 2017 Archives

Daily Recap

Well, the "melt-up" idea has certainly gained currency this week, with the Dow gaining about 250 points Tuesday, 104 points Wednesday, and what looks like some 300 points today. The rest of the world isn't really participating in this big rally, as it is based primarily on renewed optimism over federal tax reform passing this year. In any case, the Dow sliced through yet another thousand mark like it was melted butter, yet oddly enough, market breadth wasn't all that hot.

 

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Daily Recap

It may be a coincidence, but nevertheless odd that the Dow Industrials have been up about 90 points most of the day, while the NASDAQ has been down about 90 points.  The thought is that after yesterday's huge gains, folks are taking profits in tech issues such as the FANG companies, and buying more of the financials.

 

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Crude Oil Revives?

by Jon S. Strebler

 

For the first time in two years, crude oil prices are mounting an attack on the $60/bbl. level.  Improving economies the world ‘round are boosting demand for all types of fuels, with oil being the primary source of many of the more commonly used fuels.  A monthly chart of the Global Dow index ($GDOW) reflects the strength of world stock markets, which are generally a pretty good reflection of global economic conditions. 

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Statistically the Best Time to Invest

By Matthew Kerkhoff

 

Investing is a game of probabilities, and while those probabilities are not always clearly defined, sometimes they are. Case in point: year-end rallies.

 

Let’s say I took an oddly shaped coin out of my pocket and asked you if you’d like to play a simple betting game. You, having never seen such an irregular shaped coin before (and being a savvy investor to boot), say, “sure, but I want to see that coin flipped a hundred times first.”

 

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Daily Recap

With US markets closing early so people can recoup from getting up at 4:00 AM to gather up even more material goods, trading was on the light side.  Still, stocks managed to revert to their old bullish ways, gaining back most of what they lost yesterday.  As is often the case, NY moved forward after mostly strong trading in overseas markets.  The Asia Dow rose 0.22%, with Australia a notable exception to the higher prices.  In Europe, UK equities were down slightly, but all other major exchanges closed higher.  The odd result: STOXX 600 down 0.13%, but the Europe Dow up 0.81%.

 

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Richard’s Thoughts on Being a Champion Worrier

Richard’s Comments

 

The other night at a Chinese restaurant, I ran into an old friend. He asked me, "Russell, I read your site just about every day, and I have a question; how do you know what to write about each day?"

 

I told him, "Easy, I write about what I'm worried about."

 

My friend answered, "Does that give you enough to write about each and every day?"

 

I responded, "Are you kidding? I write about roughly 10% of the items I worry about. You see, I'm a champion worrier. I worry about stuff even before it really becomes worrisome."

 

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