stock market predictions

Tearing Apart the Headlines

March 7, 2009

Did you know General Electric (GE) posted record revenues last quarter?  That has not really helped their stock, has it?   Remember always, price is the ultimate indicator, which is why I rely more and more on charts.  Fundamental analysts and company management can pontificate all day long about market share, earnings and revenues.  If the [...]

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Spin Cycle

January 24, 2009

When I was in college, I loved listening to a local college radio station (WFUV, Fordham) that had a sports-talk show on Sunday nights.  The show featured something new: phone calls from listeners!  This was more than 25 years ago, before WFAN in New York, ESPN Radio and all the other sports outlets we have [...]

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2009 Stock Market Predictions

January 3, 2009

This is not a buy-and-hold market. As we roll into 2009, I’m sticking with the same overall theme as I have in years past:  this is not for the buy-and-hold crowd. Individuals looking to follow the “buy for the long haul” recipe will get destroyed.  The media may call this a bear market, but this [...]

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Why did my stock go down?

November 15, 2008

Don’t worry about “why” your investment is falling. Focus on “what” instead.  What is happening now. Don’t worry about “WHY”…everyone is doing that.  Gyrating stock prices are getting swung around by deceptive news headlines, faulty stories — all designed to play on your emotions. Do we really NEED to know “why?” If a chart is [...]

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Who’ll Save Lehman?

September 13, 2008

That was the headline I found over at CBS Marketwatch.  As usual, the news media is whipping (anyone who will read) into a frenzy about Lehman Brothers.  More news may be forthcoming about Lehman — between the time I finish writing this and the time you read this. I have no idea what’s going to [...]

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Point & Figure Charts Tell A Better Story

August 30, 2008

There’s a great story I read in the New York Times. It’s part business/part technology. While it delves into some pretty sophisticated topics, I’ll try and summarize it as best I can right here. The author, Anne Eisenberg, wrote about an experimental website, www.many-eyes.com. This is a site where visitors can upload data they want [...]

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Exxon: Quarterly earnings and stock performance

August 8, 2008

Exxon reported nearly $12 billion in profits for the previous quarter recently. $12 billion! More net profits in one quarter, than ever recorded in the history of mankind. And what did the stock do? It went down. Numbers like $12 billion generate emotional responses: anger, jealousy, envy, and even pride. The media does a good [...]

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Oil: price predicted in 1998

July 20, 2008

We don’t make predictions at Mullooly Asset Management. And we rarely hold anyone else’s predictions as credible. So keep that in mind with this post. With oil recently trading over $140 a barrel, there is an article from the New York Times — that I think has been circulated all over the Internet — but [...]

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How can they keep missing this?

June 21, 2008

Frequent readers have seen earlier posts where I have discussed option expiration week and the volatility that comes with it. But there was scant mention of option expiration at all this week.  Options expired on Friday and the Dow Jones dropped 220 points. Instead, we heard lots of “experts” speculating with reasons why the market [...]

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Why “Average Joe” Can’t Make Money In the Market

May 10, 2008

The period we’re in now is not necessarily a “bull market” or a “bear market” but more like a structurally “fair market.” I didn’t make that up on my own — Tom Dorsey, from Dorsey Wright and Associates in Richmond coined that term. I think that makes a lot of sense. From 1982 up through [...]

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