Tag: NASDAQ (NASDAQ:COMP)

It's Not Over Until It's Over And It's Not Over Yet

Posted on by The INO.com Team

This is a week that many investors would like to forget. It's the worst beginning of the year for equities since records have been kept.

Investors, some of whom are shell-shocked, are asking themselves, what should I do? Should I be a buyer here? Should I sell everything or should I just remain on the sidelines?

In today's video, I will be sharing with you some interesting views of the major indices that you may not have heard before. I will also be examining six big stocks that aren't so big anymore and what you should or should not be doing with them. I will be looking at gold which has done very well this week and predicting where I potentially think it can go.

Here's a list of the markets I will be covering today: Continue reading "It's Not Over Until It's Over And It's Not Over Yet" →

Death By 1000 Rate Hikes

Posted on by The INO.com Team

As we rapidly approach the end of the third quarter it would appear as though the Fed's strategy is to let out these "trial balloons," saying that interest rates will be raised later this year.

The latest Fed spokesman to float another trial balloon was the New York Federal Reserve president, William Dudley. Mr. Dudley is a voting member of the Fed's policy setting committee. Mr. Dudley stated that the Fed will likely raise rates later this year. How many times do they have to tell us that?

I have said this before and I believe the Fed has no idea how to get out of this pickle that it has got the country in. This addiction to low cost money is not healthy and I was happy to see this morning that Carl Icahn has the same mindset. Mr. Icahn thought the Fed should have raised interest rates six months ago, I would've said at least 12 months ago, but all that is a moot point right now.

With only three trading days left till end of the third quarter, all the major markets I track are lower for the month and the quarter. I view this as a significant market clue indicating that the markets have not yet finished on the downside.

Here is were the markets closed last month. All of these major indices are lower for both the month and the quarter. Continue reading "Death By 1000 Rate Hikes" →

Is It Just Me Or Is Janet Yellen Incompetent

Posted on by The INO.com Team

In all the years I've been tracking the Fed and the previous chairmanships, Janet Yellen is coming across as being totally out of her league and just plain incompetent. Now before anyone says that's a sexist remark, I would say the same thing about her predecessor "Helicopter Ben." Whose big idea was to do everything the opposite way of what they did in the "Great Depression" and that is, to print money, print money and print even more money. The bottom line is the Fed has no idea how to get out of this quandary that they created themselves and for the country.

What's going to happen no one knows for sure, but one thing is certain, the markets will tell us where they want to go eventually. The other thing that's certain is that the Trade Triangles will get it right. I'm 100% confident in saying that.

Let's just take it and look at where the markets closed last Friday. Continue reading "Is It Just Me Or Is Janet Yellen Incompetent" →

It's Friday And Things Could Get Very Ugly

Posted on by The INO.com Team

Yesterday Janet Yellen, the head of the Federal Reserve Board, did exactly what I expected her to do and that was nothing. As I have said many times, the Fed is out of bullets and out of options.

If you have practically zero interest rates, how much lower can you go?

It's the end of the week and things could get very ugly in the market today. Earlier this week I talked about not getting suckered into the fake rally as the major trend in the indices was and still is on the downside. Today may prove that I was right and here's why. Continue reading "It's Friday And Things Could Get Very Ugly" →

Sorry Guys, I Am Not Drinking The Kool-Aid

Posted on by The INO.com Team

Yesterday, the market was remarkably quiet and lulled everybody into a sense of complacency. Well, I'm sorry I'm not going to drink the Kool-Aid because I still think we are going to see a push to the downside in the markets.

With all of the Trade Triangles in a negative mode and the weekly pattern indicating stocks should finish lower for the week, I see little to get excited about.

Everyone is waiting for Thursday and to see what the Fed is going to do. Even the best minds in the industry are split on what the Fed is likely to do on Thursday. My view is that they are just going to leave everything the way it is. The Fed is like a deer frozen in the headlights of a car and incapable of moving one way or another. What I suspect they will say is that they need more data, which I think is a cop out. Continue reading "Sorry Guys, I Am Not Drinking The Kool-Aid" →