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1995 Redux?

By my reckoning, this leg of the stock market rally began about a week after the presidential elections. The rally overall has been going on much longer. The question everyone is asking is how long it can go on without a major correction. read more…

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Markets Tread Water

Volume was thin, volatility high, and despite all the excitement over the LinkedIn IPO, the averages finished little changed from the levels of last week. This is a market that requires patience and fortitude.

LinkedIn IPO connected investors with big bucks

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Ole Man River Bolsters Agriculture Investment Case

The flooding of the Mississippi River will be the worst disaster in the Delta farming region’s history since1927. Millions of fertile acres in Missouri, Tennessee, Louisiana, Mississippi and Arkansas are under water. Farms along that riverbank could take a $2 billion hit, but to us it simply underscores our argument that agriculture is a long term growth area.

Ag prices rise on Mississippi flooding

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Game Changer

The sell off in commodities over the last two weeks has investors re-thinking the markets. Commodity stocks, especially in the energy area, have led the markets for over a year. Will this pull back in the commodity sphere prove temporary and shallow or is there something deeper afoot?

No question, most commodities have suffered a serious set-back led by silver, which at its worst, experienced a 25% decline before bouncing later this week. Oil also dropped over 13% and a long list of hard and soft commodities had similar declines. This selling spree has dragged the stock market with it.

“That makes absolutely no sense,” argues one Bennington,VT client who rightfully believes that declining prices for commodities is a good thing for the economy, the consumer, corporations and the market.

sector rotation time?

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A Windfall in Disguise?

It started last week with a 25% plunge in silver prices. Gold, oil, corn, and coffee followed in sympathy, and by the end of the week it was a full scale route across the commodity spectrum. These price declines will save corporations and consumers untold trillions of dollars. So why isn’t the stock market celebrating?

Oil and gas decline has silver lining

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Let Silver be a Lesson

 “You sold silver too soon,” grumbled a client, “Look, it’s almost $50 an ounce.”

That was just one of the conversations I had with disgruntled investors only one week ago. There is no question I felt bad since I had advised readers to sell at least half their silver investments between $36-37/ounce a few weeks ago. Beginning Monday silver began to drop as the CME hiked margin requirements. By Friday silver had dropped over 25% to as low as $33.05/ounce.

Down 25% in a week

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Will stock brokers follow the ticker tape

Given that the stock market has almost doubled since its low in March, 2009, one would expect that an entirely new crop of youngsters would be clamoring to become the next generation of America’s stock brokers. So far the evidence points to the opposite conclusion.

Are brokers a dying breed?

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Ben does it Again

This week’s pivotal event was Fed Chairman Ben Bernanke’s first press conference with the media. Judging from the price action in the stock market, Ben passed with flying colors.

Fed Flashes a Green Light to the Markets

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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