By Greg Guenthner Posted September 1, 2015
After the smoke cleared Monday morning, the latest round of this oversold bounce pushed crude’s 3-day gain over 25%, after dipping below $44 early on. It ripped higher by midday, gaining 6% by early afternoon. So oil’s unexpected rebound is stealing all the headlines heading into a brand new trading month.
By Greg Guenthner Posted August 28, 2015
I think $10 has been the trendy new “shocker” price for oil for the past 8 or 9 months now. But guess what? It ain’t happenin’ anytime soon. Don’t get me wrong—I don’t think crude’s shooting back toward $100 by the weekend—or even this time next year. But I do think oil’s been due for a classic oversold bounce for some time now.
By Greg Guenthner Posted August 27, 2015
“Since 1946, there have been 31 instances of a 10% drop. But a 10% drop doesn’t necessarily lead to a 20% one (which denotes a bear market) — in fact, in just 12 of those 31 instances did a bear market eventually ensue,” MarketWatch reminds us. “If anything, the reason the current drop seems bigger is that it comes after a 47-month period without a 10% correction — the third longest such span in market history.”
By Greg Guenthner Posted August 21, 2015
It’s true that most folks can’t handle the stock market roller coaster. They tend to get out when they should be buying—and buy when they should run screaming. That’s why Wall Street types like to call retail investors “dumb money”.
By Greg Guenthner Posted August 19, 2015
Last month, “e-tail” king Amazon knocked Walmart off its throne when its share price jumped above $560 on upbeat earnings. That boosted Amazon’s market-cap above Walmart’s for the first time ever. The once-powerful megastore got shoved off the top rung of the retail ladder.
By Greg Guenthner Posted August 18, 2015
Everyone’s stuck on the same old housing narrative the financial media have pounded into their heads for the better part of a decade. No one owns homes anymore… No one will ever buy a house again… Renting is back in vogue—and the only projects the homebuilders have left on the books are apartment complexes and other multi-family units. You know the spiel.
By Greg Guenthner Posted August 17, 2015
It’s essential to know what you won’t trade – then put it in writing. I’m serious. Writing it down forces you to commit to your rules in a way you might not otherwise do. So if the market ever tempts you, you’ll be less likely to throw a bet down on a trade that you know, deep down, is a long shot.