high alpha/ low beta stocks dont enter the toll booths
they grow in backwaters
my little VOXX today got up, stretched legs, then sat down for some lemonade, no work done, but no kick in the nuts either, down 1/8
I subscribe to three newsletters
one is a statrat editor who espouses the alpha stock methods
he makes a new double every month out of his 15-18 stocks
the other two newsletters I get for their overall market view
they both say the same thing right now
Courtney Smith says the major indexes will rise from here to midSept
he thinks end of Fed tightening cycle is good for stocks
he acknowledges the effect of such tightening has tapped the brakes on earnings growth
but he concludes stock prices rise gradually, under control
the last several days have been slightly "out of control"
he has a great quote "never sell into a boring market, since they are usually bullish"
he thinks late June was boring & uneventful
so today is a reminder of that the unboring market needs to quiet down
the other guy Richard Schmidt eagerly awaits the end of the Fed tightening cycle, simple as that
he advised at turn of July to have cash ready to put to work
I like both these guys very much on market turns
they both think stocks (esp techs) rally into September
neither warns of any August annual decline
they both think we have one possible Fed hike left
regardless, they both think endSept/earlyOct will be dicey
if no Fed hike, then stocks might rally too fast & furious prior
if Fed hikes, then stocks will take a quick hit on slowdown fears
either way, Oct might have some airpockets
I head to Cuba to open a cigar boutique next weekend
my ugly brother is already down there, sampling the wares
hands in my pockets, feeling good
/ Jim Willie |
