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June 20, 2024
Still a chance for morning snow in the sierra. The temperatures will be around 34. Sunshine for tomorrow and more snow for wednesday night. It looks like the snow pack is still pretty and we are looking at way below normal. Heres a look at the snow pack. It is 6 percent normal, 18 percent for central. The other big story is the brain that is coming. Today, we will be stormed free. Were expecting patchy fog, chile with frost. This afternoon a lot of sunshine and tonight was the increase in clouds...
June 20, 2024
Well do the best we can to make sure the economy works. Pay a million in taxes, get a million votes. We went and recruited people. Nazis. The secret project. Operation paperclip. This is the famous poor and struggling artists. American collectors say, its a wonderful image, not my test. Al jazzera america presents. Documentaries from around the world that inform. They were bombarded with shells. Inspire. We can deal with our conflicts. And touch our soles. It was my dream to get a high school di...
June 20, 2024
Kansas may have one of the controversial laws giving businesses the right to refuse service to gay couples. Supporters claim its all about religious freedom. The 1 has been pummelled. Well do the best we can to make sure the economy works. Pay a million in taxes, get a million votes. We went and recruited people. Many people were hardcore nazis. The secret project. Operation paperclip. This is the famous poor and struggling artists. American collectors say, its a wonderful image, not my test. A ...
June 20, 2024
Like today . S p sank 0. 89 . Nasdaq down 0. 80. Its obvious as the other wills that kept you from winning last year. Now, lets think about this together. In many ways 2013 was the most obvious of years. Obviously meant to be negative that is. Investors were obviously fearful of anything from washington. Including smaller changes in taxes set at the beginning of the year to stop us from falling off to fiscal cliff. That many thought would disable the economy. 2013 was a year we were defaulting o...
June 20, 2024
When you start off the year with a down day like today . S p sank 0. 89 . Nasdaq down 0. 80. Its just as obvious as those other ills that kept you from winning last year. Now, lets think about this together. In many ways 2013 was the most obvious of years. Obviously meant to be negative, that is. Investors were obviously fearful of anything from washington, including smaller changes in taxes set at the beginning of the year to stop us from falling off the fiscal cliff that many thought would dis...
June 20, 2024
S p climbing. 6 . These are the two most vital groups to any advance because frankly theyre the classic leaders of any advance. Theres so many Financial Institutions out there, so many Tech Companies involved in semi conductors, xhunlgs, big data. True hardware plays that its really difficult to crush the entire market when these two groups are going strong. Sometimes it helps to analyze the market as though its made up of a series of neighborhoods. Right now the socs and financial eotf are fant...
June 20, 2024
About 74,000 jobs created. Dow instead declining just eight little points, s p rising. 23 . What an affront, right . Nasdaq climbing. 44 . The answer as i always try to tell you is the very notion of the market has become totally passe. We have whole groups of stocks that go higher on slow growth. Because Slower Growth means lower Interest Rates. And they were pushed down so hard today that, you know what, i can see Mortgage Rates thats right the posted Mortgage Rates actually dropping next week...
June 20, 2024
And the nasdaq vaulted up 1. 64 . Could the market be this stupid . And forgetful . You bet it is. The market encompasses Money Managers who have their open own motivations and and these guys can be as fickle as all get out. Buy buy buy buy, sell sell sell sell. Sometimes that seems valueless at the end of the quarter and sometimes it seems ridiculous. But let me explain to you what is liked yesterday can be hated today. And what is liked what is liked today was hated yesterday. Literally overni...
June 20, 2024
Like for the past 35 years until probably a month and a half ago. Id like to stroll down memory lane. Recall how stocks used to interrelate with Interest Rates. Only recall with horror how this market now acts as if history has stopped repeating itself entirely. As we experience another insane day. Where bonds flew higher. Rates went down. Yet, the stock market, it got hammered, mercilessly. Dow tumbling 138 points and the s p dropping. For a grizzled veteran like myself, its like the whole worl...
June 20, 2024
S p climbing. 6 . These are the two most vital groups to any advance because frankly theyre the classic leaders of any advance. Theres so many Financial Institutions out there, so many Tech Companies involved in semi conductors, communication, big data. True hardware plays that its really difficult to crush the entire market when these two groups are going strong. Sometimes it helps to analyze the market as though its made up of a series of neighborhoods. Right now the socs and financial eotf ar...