Federal Reserve Serves Flounder to the Market

Mish Schneider | November 18, 2015

Last night we had a look at the Hudson River and that the Iroquois had named it “the river that flows both ways.”

The analogy to the market is striking representing both the strong and the weak. The River’s reputation …


How is The Market Like the Hudson River?

Mish Schneider | November 17, 2015

The lower Hudson River is actually at tidal estuary. The Mahican (Iroquois) name “muh-he-kun-ne-tuk” means “the river that flows both ways.”

Strong tides make parts of New York Harbor difficult and dangerous to navigate.

Are you already nodding your head …


Did the Prodigal Son KRE, Do Enough?

Mish Schneider | November 16, 2015

With all the horror globally, I was pleasantly surprised to see the Stock Market begin this week reflecting the world’s solidarity and dare I say, optimism.

It is in the spirit of this solidarity, I was heartened that the latest …


The Future for the Modern Family Rests with KRE

Mish Schneider | November 15, 2015

(Written while listening to Mozart Piano Concerto No. 17 (K453) and No. 25 (K503) Conrad Tao, Piano)

I mention this as last week we began with a Economic Modern Family hopeful and ended the week with several members in despair. …


An Old Bear Market's Death Leads to Resurrection

Mish Schneider | November 12, 2015

“Ashes to ashes, funk to funky
We know Major Tom's a junkie
Strung out in heaven's high
Hitting an all-time low” –David Bowie

My dedication to the Federal Reserve and their threat of taking away the market’s “junk”-or close to …


An ETF That Makes A Chartist's Heart Sing

Mish Schneider | November 11, 2015

US Home Construction as a concept is hardly a “wild thing” or something that should make one’s “heart sing.” Unless of course you are a contractor, seller of home improvement and construction supplies or, an investor in the ETF ITB.…


Is This The Best or Worst Time To Have Market Conviction?

Mish Schneider | November 10, 2015

“The best lack all conviction, while the worst are full of passionate intensity.” William Butler Yeats

In Yeats’ poem, “The Second Coming,” composed in 1920, the line above is written as a commentary of his time. He suggests a dissociation …


How to Read the Federal Reserve TLT Leaves

Mish Schneider | November 9, 2015

On Sunday, I went on my version of a rant about the Federal Reserve and their lack of resolve.

Last May, I had Janet’s photo on my twitter feed and I would have sworn that I saw a rate rise …


The Tangled Web Good Economic News Creates

Mish Schneider | November 8, 2015

By the end of last week, I was thrilled that the jobs report and increase of 2.5% of hourly wages are positives for the US Economy. However, I continue to feel let down by the Federal Reserve and their capitulation …


How Charts Are A Trader's Canvas

Mish Schneider | November 5, 2015

de Kooning, one of the most influential artists of the 20th century, believed in order to start from scratch, one must first work through the accumulated influences and then deconstruct those influences.

In market terms, active investors begin each day …