Is the stock market rising on strong fundamentals, or strong liquidity? We get into that debate today, and we were lucky enough to have best-selling author John Mauldin on to help us get to the heart of it.
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Randomly Noted – A Newswires Blog
- Behind Some Of The Numbers At JP Morgan April 13, 2011J.P. Morgan reported some strong earnings today. But what this bloggers eye were some of the sub-numbers in the earnings report. The bank booked $1.8 billion in investment banking fees. But don’t be fooled – that wasn’t from big M&A advising. But $429 million was in advisory fees. Instead, that $1.3 billion + remaining fees […]Rick Stine
Tell It To Al – A Newswires Blog
- I’d be one lululemon of a CEO June 15, 2013I am not going to apply online to be lululemon’s next CEO because I don’t want my application getting lost in the pile. The slightly troubled yoga clothing retailer is taking applications from anyone on its website. Click here if you would like to apply. And click here to read more details from The Associated […]Al Lewis
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April 6, 2011
Update: Market opens higher last three out of four days thanks to the futures but then goes nowhere during the day.
Interpretation: A microcosm of the last two years… The Fed and the gang of seven do everything they can to keep an overvalued, overbought market suspended in the air while they work feverishly in the background to manufacture the next bogus story in the media to try and push us higher. (I should say ‘suck’ the market higher, since all that really happens is all the stops get run above the latest resistance level).
And all this is made possible by, you guessed it! The futures opening the market higher, market going nowhere during the day, and then, this is the key part — all the media and bloggers haplessly identifying the price action as ‘consolidation’. Surprise! We go higher!