February Jobs Report: Beefy

Nothing not to like in this month’s make-believe economic report that will be revised seven times before finally being put to bed sometime in the future. It stands in stark contrast to the January disappointment, which goes to show that, well, nothing matters. Either way, the taper’s on for the March FOMC meeting. It probably…

Of Brokers and Bankruptcy

Jerome P. Crabb said that “Crime is to man as fleas are to dog, the likelihood of its presence increases as the quality of one’s personal circumstances decreases.” You may or may not subscribe to the theory that people usually do bad things when they’re forced to and steal when their backs are against the…

The 2007 Top vs Today

My friend Jon Krinsky, technical analyst at MKM Partners, has been killing it with some really key charts lately – many of which I’ve been featuring here on TRB. No one has ever been able to pick a market top using fundamentals, but technicals can sometimes offer clues toward trend changes in buyer/seller behavior at…

The Trouble with Relentless Bid Theories

In my piece this morning, The Relentless Bid, Explained, which has since gone mega-viral by the way (thank you!), I laid out a theory for why the stock market has had a relentless bid beneath it for years now, with shorter and smaller corrections along the way. The premise was that investor behavior has changed…

The Relentless Bid, Explained

You hear it all the time these days – “There is a relentless bid underneath this market just waiting to buy every single dip…” and you can’t really argue with the statement itself. The dips have become shallower and the buyers have rushed in more quickly each time. Sell-offs took months to play out during…