Investor, There’s a Bug in Your Olive Oil (CGNX,BOTZ,TGT,LVNTA,QQQ)

Investor, There’s a Bug in Your Olive Oil (CGNX,BOTZ,TGT,LVNTA,QQQ)   In what might be considered a perfectly apropos metaphor for the state of investing these days, the Kansas City Star yesterday reported that Vincent Van Gogh’s ‘Olive Trees’, painted in 1885 directly before the artist took his own life, has been hiding a secret for better than 125 years. Curators at the city’s Nelson-Atkins Museum report finding a grasshopper that was lodged in the paint all those years without anyone noticing, attributing it to the simple vicissitudes of painting outdoors.   The Bug in the Oil   And we wonder if, after the ‘suicide’ of the current bull run, this stock market’s ‘grasshopper’ will be…

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When Liberty’s the Target… (LVNTA,TGT)

When Liberty’s the Target… (LVNTA,TGT)   We’ve discussed the ‘winnowing’ process that occurs at market tops at various times over the last several years, explaining that in its final stages, a bull market will experience a drastic thinning of breadth, where only the biggest names, the market ‘stars’, as it were, garner all the attention and buying.   And that attention is sufficient to thrust the indexes straight upward in an asymptotic kaboom!, before, of course, the whole thing implodes and a general bear market ensues.   During those discussions, we also took the time to mention one stock in particular, Facebook Inc. (NYSE:FB), naming it the ‘poster child’ of the current bull market and…

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Single-family home starts up, Fed minutes released and Target (TGT) surprises beats expectations

Markets were heading lower on Wednesday after a report showed that single-family housing starts were on the rise last month. The Commerce Department announced that building permits on single-family homes were up 4.2% to a seasonally adjusted 696,000 unit pace. When combined with the data for both single and multi-family housing, the total was up 4.8% to 1.08 million units. This marks the highest information on record for the index since 2008. Richard Moody, a senior economist at Regions Financial, said, “The October report on new residential construction does not change our view of the underlying trends in the housing market – robust activity in the multi-family segment of the market with single family activity continuing…

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