Summertime Blues (GS)

Executive Lounge, Wall Street Elite

Summertime Blues (GS)   OK, so it was the Fourth of July, and a lot of folk took leave from the markets, but does that really explain it? We’re talking about a significant decline in trading volume that occurred at the end of last week amidst a market rise that now, on second glance, is […]

Continue Reading

The Denizens of Intelligenz (WWE,GLD,SO,NFLX)

Executive Lounge, Wall Street Elite

The Denizens of Intelligenz (WWE,GLD,SO,NFLX)   By definition, exactly half the population possesses below average intelligence.   And that’s not a comfortable statistic.   So who’s the dumb ones?   Well, it certainly doesn’t break down on socio-economic lines.  Don’t think, for example, you got smarts because you got cash, Giles.  It don’t work that […]

Continue Reading

Behind the Scenes and Under the Radar (SO,NFLX,FXI)

Executive Lounge, Wall Street Elite

Behind the Scenes and Under the Radar (SO,NFLX,FXI)   It’s a political world, friends.  Has been for a while.   Everything that’s done or said or written these days, it seems, is employed to further an agenda.   Truth be damned, is what it’s all about; let ‘the story’ carry the day, whatever it may […]

Continue Reading

Oil vs Wheels (IYT,USO)

Executive Lounge, Wall Street Elite

Oil vs Wheels (IYT,USO)   It’s the interplay between the following two factors that we’re keeping our eye on these days, the better to apprehend the market’s immediate trajectory: oil and ‘market leaders’.   We’ve discussed this combo before, and how they work together.   The ‘leaders’ are the current sexy tech group, not related […]

Continue Reading

Expedia (EXPE) to buy Wotif, Bed Bath & Beyond announce new buyback program and Archer Daniels Midland (ADM) to buy Wild Flavors.


Bourbon & Bayonets

Markets were heading lower on Monday morning after news was released that Expedia (EXPE) agreed to buy Wotif in a deal that will total $658 million. Expedia is widely known for being a big name in the online vacation booking industry. Wotif.com Holdings Ltd. is an online booking company that specializes in the Asia-Pacific regions […]

July 7, 2014

Trade the Weak Against the Strong (XHB,QQQ)


Executive Lounge, Wall Street Elite

We’re going to continue today with a theme that we’ve been pressing for some time now, but that still deserves some additional elaboration. Believe it: It’s Different this Time Wall Street is nothing if not skeptical. The best of the street’s traders and analysts are doubters nonpareil. Main Street also has its doubters. And it’s […]

July 7, 2014

The Day of Judgment (CP)


Bourbon & Bayonets

There’s no excuse for a lack of courage. Most everything else can be forgiven. Not that. We bring this to you because we believe that in the years ahead, all of us – and we in the West, in particular – are going to be tried and tested in ways we never imagined. The upbringing […]

July 3, 2014

The S&P Indy 500 (CTB, SPX)


Executive Lounge, Wall Street Elite

We’re going to attempt two separate operations today. First, to address (briefly) the current state of the equity market and second, to offer you a unique trade on a single company we’ve come to like over the last few weeks. We’ll start with the equity market. 1. KEY REVERSAL DAY We’re not going to belabor […]

June 30, 2014

U.S. to hand out record fine to BNP Paribas, Facebook (FB) hits 1 billion interactions and PPG Industries Inc. (PPG) to buy Comex


Bourbon & Bayonets

Markets were relatively flat on Monday morning after news was released that the U.S. government would likely be handing out a fine of nearly $9 billion to BNP Paribas. France’s largest bank will be fined over an alleged U.S. sanctions violation. There will likely be other penalties assessed, which could also include a temporary ban […]

June 30, 2014

Consumer sentiment up in June, Nike (NKE) on the rise after World Cup exposure and General Motors (GM) recalls after lawsuit


Bourbon & Bayonets

Markets were heading lower after the final reading for June’s consumer sentiment data came in showing a gain. The Thomson Reuters/University of Michigan’s reading for June showed an increase to 82.5 from May’s 81.9. This surpassed analysts’ expectations of 82. The barometer of current economic conditions crept up from May’s 94.5 to 96.6 in June. […]

June 27, 2014

Why the Financials? A Multitude of Reasons (FAS)


Bourbon & Bayonets

Let’s kick off this week with a word about earnings multiples. We’ve said it before, and we’ll say it again – multiples are Wall Street’s great fungible. They’re the gravy that gives the potatoes flavor, the gown that gives the old, torn-down hussy her lure. When Wall Street wants to keep a bull market alive, […]

June 26, 2014