Pulling in the horns

The bulls may want to pull in their horns a bit this week. Apple’s uncertain earnings in the middle of this week combined with the sudden rush of ebullient sentiment are a bit concerning. There are a host of ETFs and stocks with great setups here but patience for better entries is probably warranted. At…

The Outsider’s Guide to Davos

Good morning and welcome to the worst week of the year – it’s the annual World Economic Forum in Davos! If you’re unfamiliar, the World Economic Forum is a gathering of self-appointed Very Important People who make grand pronouncements that are both unfalsifiable in their ambiguity and meaningless in their vague calls to action. For…

New Secular Bull: Yes or No?

Many of us are operating under the assumption that the rally in US stocks from the lows of March 2009 has constituted a CYCLICAL bull market that’s occurred within the context of a larger SECULAR bear market that began in March 2000. This heuristic makes a great deal of sense historically – there have been…

Felix Zulauf Growls

This weekend was the opening salvo of the Barron’s Roundtable and opinions were fairly diverse. Most of the participants did their usual talking-your-book routine: Abby Joseph Cohen is bullish, Bill Gross is vaguely bearish, Mario Gabelli says its a stock-picker’s market etc – no surprises, same thing 20 years running. But the commentary that really…