Author Archive: Jeremy Parkinson
EC This Is Probably The Second Worst Time In History To Own Stocks
This stock market is now the second most overbought, the second most overvalued and most most over-leveraged market in history. Overbought: My friend, Dana Lyons, recently posted the chart below which shows the S&P 500 in relation to its exponential regression trend line. The only other time in history stocks were this “overbought” (traded more than 90% […]
Cool Video: John Authers–What Can Go Wrong
This Cool Video is a overview of the divergence theme. John Authers of the Financial Times as put together about an 8.5 minute video that discusses the “bullish on America” sentiment that is a key driving forces in the capital markets. He interviewed several economists/strategist and money mangers, including myself. The link here will also bring you […]
Market Commentary: Averages Fall Off Morning Highs, Further Weakening Expected
Written by Gary The morning session drifted lower and started to regain losses by 11:30 am. The market trend is now melting up, but the averages remain in a mixed state fluctuating between the unchanged line. By noon the DOW and small caps were in the green and volume was falling fast touching on anemic at […]
Recent Stock Purchase – November 2014
With the stock market on a tear, closing up five straight weeks in a row, many dividend bloggers have begun to echo the sentiment about finding relative bargains again. To be certain, despite these fantastic runs we have experienced in the Dow and S&P, there are still a lot of high quality names in the […]
Follow The Sand To The Real Fracking Boom
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Demand is exploding for “frac sand”–a durable, high-purity quartz sand used to help produce petroleum […]
3 Things Worth Thinking About (Vol.19)
Data And Surveys Continue To Part Company Last Friday, I discussed the growing gap between economic reports particularly when they measure the same basic areas of the overall economy. For example, how can the Markit Manufacturing PMI Index be negative for three months while the ISM PMI has surged higher during the same period. Both cannot […]
3 REITs Your Shopping Cart Must Have This Holiday Season
The U.S. has started celebrating its annual shopping spree which is expected to be the busiest buying season from the mountains to the prairies over the recent years. According to a forecast by the National Retail Federation (NRF), holiday sales (November and December) will see a solid 4.1% jump to $616.9 billion. The NRF prediction […]
BEA Revises 3rd Quarter 2014 GDP Growth Upwards To 3.89% Annualized Rate
In their second estimate of the US GDP for the third quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +3.89% annualized rate, up +0.35% from their first estimate for the 3rd quarter but still down some -0.70% from the 4.59% annualized growth rate registered during the second quarter. […]
Short That Gap
Urban Outfitters has come roaring back from its hard gap-down that occurred on October 17th. I have thus shorted it, since that gap is almost perfectly filled, and I don’t think the stock tumbled hard for no good reason in the first place.
For Whom The Consumer Confidence Bell Tolls
The trend is your friend, but maybe not when it extends to meet a secular downtrend. That’s what the Consumer Conference Board’s ConsumerConfidence (aka the ConCon Con) Index showed today. It shocked Street conomists, whose consensus guesstimate was a reading of 96. Instead it came in at 87. I see little value in this number. While the secular trend has been […]
