Tuesday, February 19, 2013 – Never more

Nevermore  by Sinclair Noe DOW + 53 = 14,035SPX + 11 = 1530NAS + 21 = 321310 YR YLD +.02 = 2.03%OIL + .70 = 97.11GOLD – 5.20 = 1605.60SILV – .54 = 29.54 So, stocks have been moving higher, up for 7 weeks; the S&P 500 index is at a five year high. Every story I read talks about optimism in the markets. What that really means is that we’re almost back to where we were in October 2007. Five years of risk and heartburn and having money tied up, and we’re back where we were. WooHooo! There’s merger fever in the air. Last week we heard the announcements on USAirways and American Airlines, plus Berkshire Hathaway and 3 Brazilians buying an enormous quantity of ketchup. This week, the rumor du jour is Office Depot merging with Office Max. And when the M&A fever subsides, there is the stock buyback fever, the anti-dilution thrill that comes from watching corporate management buy high. Of the 391 companies in the S&P 500 that have reported fourth quarter earnings results, 70.1 percent have exceeded analysts’ expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters. Fourth-quarter earnings for S&P 500 companies have risen 5.6 percent. Of course, there is an ominous feel to this market rally, like a nasty black raven over the gate screeching out “Nevermore.” And this coincides with the impending sequester, which Congress will deal with, using all their energy and diligence, …

READ MORE →
Uncategorized

Thursday, October 25,2012 – Thank You Notes

http://www.moneyradio.com/Audio-Archive Thank You Notes by Sinclair Noe DOW + 26 = 13,103SPX + 4 = 1412NAS + 4 = 298610 YR YLD + .05 = 1.83OIL – .43 = 88.30GOLD + 8.80 = 1711.30SILV + .38 = 32.11 PLAT + 3.00 = 1567.00 Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit; they call it “The Campaign to Fix the Debt,” but it is a silly notion. We already have a plan to fix the debt. It’s called sequestration. It involves cutting spending and raising taxes, and it will fix the debt; it would also put the brakes on the economy. The group said any fiscal plan must be bipartisan, tackle all areas of the budget and include tax reform. It also urged the government to reform and improve the efficiency of healthcare programs like Medicare and Medicaid. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. The CEOs think the uncertainty is overwhelming and they think it stems from the fiscal cliff, not a lack of business. If they keep putting the cart before the horse, they might veer off the path. I almost missed this next story. Jamie Dimon, the CEO of JPMorgan Chase received a major endorsement from a prominent congressman: Barney Frank. Congressman Frank is …

READ MORE →