Fire and Ice on Wall Street

Mish Schneider | December 20, 2017

Day two of a declining U.S. Dollar in the face of rising U.S. interest rates.

After last December, when the Fed hiked, we had a similar response to what we see now.

Gold rose and the dollar declined.

Higher rates …


Tales and Trades From the Crypt

Mish Schneider | December 19, 2017

Slow. So slow that even Tales and Trades from the Crypto-currencies were dull.

Some instruments perked up. JD Inc, for example, rose over 3% on big volume.

Twitter (TWTR) rose more than 1.66% to make another new multi-year high, also …


When Even a 3-Year Old Pilots Market Profits

Mish Schneider | December 18, 2017

The weekend Daily ended with, “This week, let Transportation (or to keep with the analogy, the Millennium Falcon) be your Hans Solo and guide you to the next galaxy.”

Furthermore, I stated, “Literally every day, the recent top performer of …


Market Wars: The Last Jedi in a Galaxy Far, Far Away

Mish Schneider | December 17, 2017

With a meager $200 million budget, the third new Star Wars movie takes us to a “galaxy far, far away.”

Heavily funded and clearly extra-terrestrial, the market transports the bulls to their own galaxy far, far away.

In the film, …


Market Posts its Holiday Lights with Barbed Wire

Mish Schneider | December 14, 2017

With 10 days til Christmas, the Santa rally has hung its ornamental lights with barbed wire.

Yesterday, we saw what happens when seagulls feel the slightest threat to their safety…they peck at each other and/or chaotically fly away.

Fight or …


Market’s Fight or Flight

Mish Schneider | December 13, 2017

Peaceful seagulls will either peck at each other or take flight when they sense danger lurking.

Their sense of danger however, is relative.

I took this photo after I gingerly walked within 20 feet of where they were sunbathing. Chaos …


The Modern Family Has to Live Somewhere

Mish Schneider | December 11, 2017

While away at a business conference, we went to dinner and sat by an enormous saltwater fish tank.

As I chased this clown fish around to get some photos, I realized how readily he seemed to adapt to his natural …


When the Market Looks Up and Sees…

Mish Schneider | December 7, 2017

I begin with the preface that a bounce from support levels saves the day.

But will it take the market up to 25,000 where surely our Gremlin on the wing of the plane sits?

Speaking of planes, I sat on …


The Winter of the Market’s Discontent

Mish Schneider | December 5, 2017

Shakespeare, in Richard III, uses the phrase “Winter of our Discontent” as a way for King Richard to express his feelings about living in a world that hates him.

Interestingly, while Richard expresses his own discontent, he is also celebrating …


Terror in the Dow at 25,000

Mish Schneider | December 4, 2017

Today, the Dow Jones Industrial Average hit a high of 24,534.04.

Not quite at my terror point, but close.

The last time I used the analogy from the Twilight Zone episode when William Shatner sees a gremlin on the wing …