New Mexico R.I.P (Ripple in Peace)

Mish Schneider | March 14, 2017

Today, news came out that New Mexico, our home state, has the highest unemployment record in the country. With a rate of 4.7% nationally, NM’s rate stands at 6.7% up from 6.5% a year ago.

Here are the top 3 …


Inside the Window of Opportunity or Risk

Mish Schneider | March 13, 2017

Two out of the four market indices had inside trading days today. An inside day is when the current day’s trading range is literally inside the prior day’s trading range.

Imagine inside days like when investors look inside a window …


When the Moon Hits Your Eye So You Capitalize

Mish Schneider | March 11, 2017

When the moon is full, the gravitational pull of the moon and sun are combined. Hence, the full moon exerts a powerful pull on the Earth.

The “lunar effect” whether real or imaginary, has no scientific evidence to back the …


In and Out of the Market’s Bulls-eye

Mish Schneider | March 9, 2017

“You sit on the bulls-eye and I will wrap my neck around yours to keep you there,” one Brontosaurus says to another Brontosaurus.

If you can imagine the Brontosaurus outside the bulls-eye as the indices and the one sitting on …


When Reflection Overrules Market Luster

Mish Schneider | March 8, 2017

Sometimes, what catches the eye is the reflection rather than the thing itself.

For quite some time, the thing itself has had enough shine to superficially attract onlookers.

However, with the 5th day in a row of declines in the …


The Market of Dragons

Mish Schneider | March 7, 2017

A huge fan of Game of Thrones, one of my favorite characters is Daenerys Targaryen, Mother of Dragons.

After losing her husband and child, she helps hatch three dragons from their eggs. At times, although they regard her as their …


When the Market Gives You Bear Fangs, Make Crystal Pendants

Mish Schneider | March 6, 2017

Lots of folks got bit by a bear fang on Sunday.

With good reasons.

The Fed has yet to confirm or deny an interest rate rise. Unsettling White House tweet storms dominated the news. Rising geopolitical tensions in East Asia …


Market Feeds Traders Their Just Dessert

Mish Schneider | March 5, 2017

A favorite anadrome: Stressed Spelled Backwards is Desserts.

Last week ended with the market giving stressed out traders their just desserts.

Stressed out traders makes justifiable sense. After all, like the photo above, the banana split looks tempting and delicious. …


A Market That Thinks Therefore It Is

Mish Schneider | March 2, 2017

I saw this while touring Meow Wolf, an art installation in Santa Fe, NM. When I snapped the picture, I knew I would use this slogan for a Daily, but had no idea how, when or why.

After the blast …


Market Rallies on Everything But the Kitchen Sink

Mish Schneider | March 1, 2017

Last week the market baked a magic 3-layer cake. That’s when from a very thin batter, 3 layers of fudge, custard and sponge cake magically appear.

We saw the Russell 2000 test the custard layer a few times. Today, from …