A number of talking points today. Lets drop the preamble, and get right down to it. My conclusions are at the bottom. The market ain’t cheap: Currently, the S&P 500 trades at 29.4 trailing earnings – as seen on the chart below. Its at 25.9 x current year estimates, and finally, at 20.5 x 2021 Read More
Investor sentiment reaching a dangerous level again
The basis of sentiment studies is that when too many investors – particularly retail investors – are bullish, its a contrary signal suggesting things are overbought/ due for an eventual pullback of some sort. Conversely, when too many investors are bearish, its a contrary signal suggesting the market has sold off too much from pessimism, Read More
“3 Top Picks with Keith Richards!”
I had some fun with this title- which is the typical intro done by my host on Bloomberg/BNN TV before we go over my 3 stock picks on MarketCall. Technical Analysts like myself are not appearing on the show lately. That’s because the show is being conducted live via “stay at home” software programs. Fundamental Read More
Special report: Capitulation or continuation?
This weekend will feature an interview I did with a BNN reporter today. Tomorrow, I will be on Market Call Tonight at 6:00pm I thought I would do a super short and sweet reprint of some of the talking points revolving around todays phone interview. You can tune in to BNN tomorrow to hear even Read More
Bumper bowling
Traditional bowling involves a “gutter” on each side of the lane. If you throw a bad ball, your ball goes into one of the two gutters. Bumper bowling eliminates that problem. Bowl a bad ball, and your ball bounces off of a bumper that sits inside of the gutter. A ball thrown too far to Read More
Dumb is as dumb does
The past few days have been illustrative of how “Dumb money” operates. For those unfamiliar with the term, Dumb Money refers to retail investors. Some of you may be familiar with the “Smart Money/Dumb Money” confidence spread indicator I post on occasion. Sentimentrader.com pits Dumb Money (retail investors, small lot traders, small options traders) against Read More
Ask me anything: Answers
Thankyou to all who submitted questions. There were a couple that I chose to answer right away on the comments section -so if you dont see your question being answered here, please refer to the comments section where you posted. I got alot of them – and I’ve covered them all on this one blog. Read More
What to hold, what to fold in a falling rate environment
Please note that this is my only blog this week. I’m at the cottage as you read this. Beer. Bikes. Barbeque. I won’t be able to post or respond to your comments until next week. Fed-talk of lower rates, an inverting yield curve, combined with investors suddenly realizing that there is risk in the stock Read More
Ask me anything: answers!
I’d like to thank the readers for sending questions for today’s blog. Wow—great response! I’m getting the impression that there is a lot of confusion out there lately. Probably for good reason, with markets swinging around so much over the past 18 months, and the worries surrounding valuations, politics, debt and length of the Read More
Have your cake & eat it too: A new strategy for trading value stocks
Apologies for the choppy sentences in today’s blog. I copied it from another piece I had written, modified it for the blog–and it did not copy properly. I’m too lazy to figure out how to correct it. Bear with the sentence breaks…I believe you will get alot out of today’s blog. My outlook on the Read More