Morning Commentary
"I want to work with Congress to replace mindless austerity with smart investments that strengthen America," said President Obama in a recent speech at the Department of Homeland Security.
The making of a counter-cultural hero in an era of failed responsibility and in an era of passing the buck, has found a new superstar.
In America, we have Elizabeth Warren, who is coming on like gangbuster as an alternative to Hillary Clinton, something I predicted a long time ago.
In Europe, Yanis Varoufakis, the Greek finance minister whose un-tucked shirts worn with blue jeans have become a symbol of his disdain for greed and selfish workaholics that dare ask for their loans be repaid.
Check out this movie poster of him with a dejected Angela Merkel in the background.
Here's the real deal: The best poster boy for this movement that says governments shouldn't have fiscal responsibility and that people shouldn't have to pay back their debts, should be J. Wellington Wimpy of the comic strip “Popeye.”
Created by E.C. Segar in 1934, everyone is familiar with his one-line sales pitch: "I'll gladly pay you Tuesday for a hamburger today.”
With debt around the world out of control and politicians promising more goodies like free college, there will be more efforts to have obligations demonized and erased at the expense of the lender.
The fact of the matter is Mr. President, there is no such thing as "mindless austerity.” In fact, that's an oxymoron and a dangerous path to staying or gaining power.
Today’s Session
There's a quiet tension in the air, and it's not because this is Friday the 13th. Major indices are on the cusp of making fresh all-time highs. That makes people nervous, but the last few attempts shook out so many investors, I have to believe strong hands and stomachs are ready for a true breakout.
Although the group is young and fresh, cyber security stocks are going to sizzle today led by CyberArk Software (CYBR). The stock’s recent performance is really interesting, but when we recommended the stock last Friday, initially the company name was incorrect, so the effort to quickly get out the correct name resulted in so many more subscribers long in the position than normal- love it! And while you know I don't love executive orders and memos, President Obama will sign one today aimed at cyber security.
Also, West Texas Intermediate is firming again and acts like it wants to settle at a new 2015 high; it’s on its way to the next major resistance point of $55.
WTI
I like the way the market is acting because it’s becoming clear the Fed will begin to hike rates and anyone that sells on a 25 basis point increase better make sure they're buying the dip because it’s going to be a big opportunity to make money from panic and absurdity.
I must admit, there will be some trepidation today, but not because of the Fed or Friday the 13th... I haven't gotten my wife's Valentine's Day gift yet.
Below are some notable companies that reported yesterday afternoon and this morning.
Date |
Company |
EPS |
Cons. |
Revenue ($M) |
EPS Guidance |
EPS Consensus |
12-Feb |
AIG |
0.97 |
1.03 |
$5,207 |
- |
FY15 4.97 |
12-Feb |
CYBR* |
0.21 |
0.05 |
$36 |
FY15 0.24-0.27 |
FY15 0.07 |
12-Feb |
GRPN |
0.06 |
0.03 |
$925 |
Q1 2015 0.00 - 0.02 |
Q1 2015 0.02 |
12-Feb |
KRFT |
0.75 |
0.73 |
$4,696 |
- |
FY15 3.36 |
13-Feb |
SJM |
1.54 |
1.51 |
$1,440 |
FY15 5.38 |
FY15 5.55 |
13-Feb |
VFC |
0.98 |
0.98 |
$3,579 |
FY15 ~3.20 |
FY15 3.40 |
*WSS holds in its portfolio
Comments |
Wimpy is the perfect symbol for what our government has become, and what we as a country are fast becoming. But you know what happens to wimps. They instantly become targets for every tough guy on the block. The nuclear deal Obama's dying to make with Iran will become a gun to the head of Israel, Europe, and the US! Meanwhile, he's trying to tie the hands of Congress and the next President with his ridiculous Authorization for the Use of Military Force. You might as well castrate every hero left in the military. His video on BuzzFeed perfectly reflects this guy's narcissism. It should be played over and again during the 2016 campaign to remind us of the kind of leaders we don't need. Dennis Howard on 2/13/2015 11:10:56 AM |
@ Dennis Howard - Amen, Brother! You nailed it! Spence Arnold Spence Arnold on 2/13/2015 12:26:12 PM |
When will we learn that committed hard-core socialist never chang. R South on 2/13/2015 9:13:39 PM |
Tweet |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
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3/14/2024 9:48 AM | GOING TO A GO-GO |
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3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
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3/11/2024 9:38 AM | BUYING THE DIPS |
3/8/2024 1:51 PM | Stocks Wobble |
3/8/2024 9:45 AM | A COUPLE OF JUGGERNAUTS |
3/7/2024 1:48 PM | Back In Charge |
3/7/2024 9:33 AM | ON AUTOPILOT |
3/6/2024 1:24 PM | Not Yet |
3/6/2024 9:34 AM | TOUGH IT OUT |
3/5/2024 1:16 PM | Stumble |
3/5/2024 9:49 AM | OLD-SCHOOL SIGNS OF LIFE |
3/4/2024 1:34 PM | Mixed Start |
3/4/2024 9:51 AM | PROMETHEUS & MARKETS UNBOUND |
3/1/2024 1:19 PM | Starting on a High |
3/1/2024 9:36 AM | NEW HIGHS BEGET NEW HIGHS |
2/29/2024 1:17 PM | TMI |
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