Daily State of the Markets
Warning Flag Number 3: Another One Bites The Dust
I saw a quote the other day about the way the stock market functions that rang true with me. Retired portfolio manager Arnie Mori said, "In the long run, intelligently diversified portfolios reflect a reasonable approximation of underlying value. Traders, on the other hand, are at the mer…
Is the Chinese Stock Market Plunge Over?
Dave M's friend and business partner, Paul Schatz of Heritage Capital, LLC is filling in this morning. We are pleased to be able to offer Paul's thoughts on the state of the market and hope that you enjoy his views.
I rememb…
Apparently, the Rest of the World Does Matter
This morning's "Daily State" report was penned by Robert Barone (Ph.D., Economics, Georgetown University), a Principal of Universal Value Advisors (UVA) based in Reno, Nevada. We are pleased to be able to offer Robert's views this morning.…
Buy The Dip? What Dip?
If investors have learned anything since the current bull market began on March 9, 2009, it is to "buy the dips." The bottom line is that any and all problems, fears, and/or crises (both real and imagined) over the last 6 years have been met with, almost without exception, a spirited reve…
The "Agreekment" is Done, But...
The headlines this morning blare that an "aGreekment" has been reached between the Eurozone and Greece. After a marathon day-night-day negotiating session over the weekend, it appears that a "Grexit" was avoided in the wee hours this morning. And while one's initial reaction might be that…
Another Important Signal Or A False Alarm?
With Greece apparently "fixed" (well, until the next do or die meeting, which is set for Sunday, that is) and Chinese government officials doing everything they can to put in a "fix" for the recent plunge in stock prices, it appears that everything is hunky dory this morning. Eurozone sto…
Don't Look Now, But China May Be a Problem
The good news is that the situation in Greece appears to be moving toward a conclusion. Just this morning Tsipras & Co. have submitted a request to the ESM for a fresh, 3-year bailout along with promises to implement tax and pension reform measures at the beginning of next week. In ad…
Back To The Table
Cutting directly to the chase, the key to the current drama in Greece - as far as the markets are concerned - continues to be the expectations for a deal to get done. Make no mistake about it; this point of view is not new as the action on the charts makes this point very clear. Regardles…
Greece Says "No" But Will It Matter?
Although it would be nice to be able to move on to other important issues, the bottom line is that Greece clearly remains the focal point for traders from a short-term perspective.
Not surprisingly, Greek citizens voted "no" in resounding fashion on Sunday to the question of wheth…