Commentaries

Why am I Worried? March 31, 2008 Gary Kaltbaum While every bull move has been preceded a follow through day, not every follow through day has led to a bull move. Reasons why Kaltbaum doesn't think stocks are ready to rally. (more) The Greatest Cover-Up in Financial History... and In Plain Sight March 24, 2008 Gary Kaltbaum I continue to be beside myself at what I am seeing, the free market system being turned upside down. (more) Major League Rotation March 20, 2008 Gary Kaltbaum There is a very good chance the last of the bull market sectors have now entered their own private bear market... at least for the near term. (more) The Market Remains in a World of Hurt March 16, 2008 Gary Kaltbaum Now you know why it is more important to listen to the market... (more) Bear Stearns, the Fed and SEC Have Questions to Answer March 14, 2008 Gary Kaltbaum In the past week, the CEO of Bear Stearns, and the chairman of the SEC, amazingly told reporters that Bear Stearns' liquidity was just fine. And, did the Fed know about BSC before injecting $200B into the system? (more) Typical Bear Market Action March 12, 2008 Gary Kaltbaum Bear market rallies are sharp, quick and noisy. They make you feel good, suck you in... and then bury you soon after. (more) No One to Sell To! March 10, 2008 Gary Kaltbaum I believe Countrywide Financial was about to croak when Bank of America saved the day. Washington Mutual is now acting like Countrywide... (more) Prepare for Panic Selling if the Lows are Taken Out! March 7, 2008 Gary Kaltbaum Most major indices are now closed at bear market lows and my best guess continues to be that lows will be taken out. (more) Are Citigroup and Other Financials Really Cheap? March 3, 2008 Gary Kaltbaum I am worried...and not just about the market. (more) What Happened to the Ambac Financial Deal? February 29, 2008 Gary Kaltbaum So what happened to the deal that Ambac Financial and the crooks... I mean banks... were supposed to consummate Monday or Tuesday of this week? (more) The Securities Industry is About TRUST! February 25, 2008 Gary Kaltbaum I am writing about?all this today because?I believe the securities industry is based largely on one word: TRUST! And there is a clear lack of trust in the securities industry.?Friday's late action added to this lack of trust. (more) Anything Can Happen Near-Term February 19, 2008 Gary Kaltbaum I can actually tell the mood out there by whether my emails are asking whether to short the market or buy the market. (more) The Follow-Through! The Follow-Through! February 14, 2008 Gary Kaltbaum Finally, we had something of a follow-through in the Nasdaq... (more) Is There a Yen/Bond Correlation? February 8, 2008 Gary Kaltbaum That doesn't change the fact that everything...and I mean everything...is trading below resistance as well. (more) In Market Related News, Giants Win! February 4, 2008 Gary Kaltbaum As a follower of the O'Neil principles of investing, I can understand why they refused to call the recent strong day on heavy volume NOT a follow through day. (more) The Market, As Is February 1, 2008 Gary Kaltbaum If I was running MICROSOFT, I would have waited as this was a stock heading into the low to mid-single digits... (more) Bear Markets Don't End in One Day January 28, 2008 Gary Kaltbaum As I told you, down legs in bear markets end with heavy volume reversals just to suck out the last sellers at the most inopportune time. (more) The Markets: One Day at a Time January 24, 2008 Gary Kaltbaum There are absolutely no bases to buy off of as the damage has been heavy...and in an utterly amazing occurrence, I am already hearing the call of THE BOTTOM... (more) This Is Officially a Bear Market January 21, 2008 Gary Kaltbaum I have been pointing out all the problems for quite a while. (more) Characteristics of a Bear Market January 16, 2008 Gary Kaltbaum A classic characteristic of a bear is good news is still sold and bad news kills. (more) Breaking Down Current Market Action January 14, 2008 Gary Kaltbaum I am tired of hearing from Greenspan et al that there was nothing they could do about what we are now seeing as a financial disaster. (more) BofA and Countrywide: My 2 Cents January 11, 2008 Gary Kaltbaum Please do not confuse a bounce with a bottom that so many are already calling for. After 1100 points on a straight down basis, it is normal to bounce to relieve the extended and oversold condition. (more) An Ugly Start on Wall Street January 9, 2008 Gary Kaltbaum Do not be fooled by the normal Wall Street rhetoric where everything is ok and everything is either a value or cheap. (more) The Fed Will Cut Rates Before the Next Meeting January 7, 2008 Gary Kaltbaum Normally, they would not do that because they would not want to be seen as desperate...but this is a Fed attached to the hip of Uncle Hank. (more) A New Year, but Has Anything Changed? January 3, 2008 Gary Kaltbaum The first day of the year was a big yonk...but has anything really changed? (more)