Courtesy of Read the Ticker.
It is said that a rising stock market with rising interest rates is healthy ! Then why are there massive shipments of ‘Adult Diapers’ to Wallstreet (joke) ?
The cost of money ($USD) is changing
– Share buy backs will cost more
– Mortgage rates will rise
– Dividends will have to match this
– US Govt interest bill increasing
– ‘Deals’ just cost more more more!
Short Answer: This is not good.
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Remember the FED QE tends to see interest rates rise…so that wont help! Maybe Janet Yellen will say ‘We will do what it takes to save the dollar, and it will be enough!’
Are you ready for the next crisis? Take your pick!
Disclosure: Got both!
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
..”Tape reading is rapid-fire horse sense…The Tape Reader aims to make deductions from each succeeding transaction — every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision”..
Richard D Wyckoff
..”Money couldn’t buy friends, but you got a better class of enemy”..
Spike Milligan
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…
Bernard Baruch
..”it is better to have few stocks and to watch them carefully”…
Bernard Burach
