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Chart of the day! Just overlay a chart of the market!

ASSETS

Chart of the day! Just overlay a chart of the market!


The GRM (Government run markets) take center stage!

stock_market

The GRM (Government run markets) take center stage!

Hopefully in the future we will not have to talk central banks any more. But…right now…they are front and center with no end in sight to the trillions that are being printed. As the markets were swooning into a bear phase, a coordinated effort was hatched around the globe. By no coincidence, at the same time the fed sent out 3 fedheads to say there would be more QE if necessary, Japan ramped up QE to who knows how much, the ECB ramped up QE and promised “whatever it takes” and surprise surprise surprise, China announces a surprise rate cut even though they are supposedly growing north of 7%. My friends, there is no doubt in my mind that central banks are scared crapless of what markets might do if they were left alone. Since the fed admits buying trillions in bonds,we have to believe they are doing what Japan has admitted they are doing…and that is buying up not just bonds but stocks via the futures market. I would love to see Yellen answer that question under oath.

But that’s all noise. Markets continue to be pushed higher by central bank announcement after announcement. Friday was all about China. Maybe Albania is next. Markets remain stretched and extended way beyond the norm. At the same time, bullishness is off the charts which is usually a less-than-thrilling scenario. But easy money is easy money. We suspect maybe not this week as we have seasonal holiday strength but maybe into next week, we are due for a breather. The only other negative to bring up which has been out there forever is the small caps continue to lag badly. Again, that is a theme that has been going on for more than three quarters and expect that when markets do correct, it will be the small caps that lead down again just like they did in October.

 


We dig Jay Leno!

jayleno

We dig Jay Leno!

SOURCE: http://www.aol.com/article/2014/11/20/jay-leno-surprises-wounded-soldier-with-a-brand-new-car/20996868/?icid=maing-grid7|htmlws-main-bb|dl14|sec1_lnk3%26pLid%3D567787


WTF is going on at UC BERKELEY?

1416537239717_Image_galleryImage_A_Fox_News_commentator_se

WTF is going on at UC BERKELEY?

I don’t even know what to say about this!

SOURCE: http://www.dailymail.co.uk/news/article-2843539/UC-Berkeley-students-ignore-Fox-commentator-waving-ISIS-flag-ATTACK-waves-Israeli-flag.html


My comments in USA TODAY!

635521543182398641-AP-APTOPIX-Financial-Markets-Wall-Street

My comments in USA TODAY!

SOURCE: http://www.usatoday.com/story/money/markets/2014/11/21/stocks-friday/19331459/


Another athlete goes broke…because of mom and dad!

Dallas Stars v Columbus Blue Jackets

Another athlete goes broke…because of mom and dad!

SOURCE: http://www.dailymail.co.uk/news/article-2843247/NHL-star-Jack-Johnson-forced-declare-bankruptcy-parents-squander-30million-fortune-back.html


Radio

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Radio

Investors Edge – 11/21/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

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Radio

Investors Edge – 11/20/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

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Radio

Investors Edge – 11/19/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

Television

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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