One of the things necessary to turn the GDP numbers is a change in production schedules of factories. At first, all that will occur is a cessation of the cuts in production schedules. This is probably already at work and explains some of the better economic statistics lately. The stats are not signaling growth but […]
I am very pleased to announce that SNL Kagan, by far the industry leader in independent reporting and analysis on the media and communications industries is debuting a new blog authored by yours truly. The first post at the Dow of Steve should go up later today. Kagan is a subscription site that comes at […]
In trying to explain the rally in the face of nothing but sensational negative news, I have tried to stress that all it takes is signs of stabilization in the economy and less negative sentiment to turn things around. A few weeks ago I was joking that if CNBC ran a headline that said “Guaranteed […]
My friend and fellow money manager, Scott Rothbort, noted on SeekingAlpha.com that euro strength is bullish. I think he is right. The euro is over $1.21 today, the highest since mid-February. The euro is also at a multi-month high vs. the yen. A chart of the euro/USD looks an awful lot like the S&P 500 […]
A good friend and client is a huge Steelers fan. Being a Buffalo Bills fan I don’t know how I can stand the guy as they are probably going to get their 6th championship and neither the Bills nor any other team from Buffalo has ever won anything, just lots of near misses. I can’t […]
The market has just been brutal. I have incorrectly thought the whole way down that stocks were reflecting a worse economic reality than was likely to occur. Obviously, this view has been proven wrong. I do believe that the market and the economic outlook are now in sync but that won’t help until the economic […]
Yesterday, late in the day upon returning from a tech conference my RealMoney.com colleague Bob Faulkner wrote, ” Now the bear in me will say they just haven’t seen it yet but, who knows?” in relation to solar demand at MEMC Electronics. I’ve got a longer column coming up today facing up to the pain […]
The market staged a big rally on Tuesday that looked quite similar to the one-day wonder on October 13th. Both rallies started from almost the same levels on the major averages. If we can hang onto to Tuesday’s gains, you will see lots of commentary about a successful retest of the October 10th lows. While […]
Several times last week I started typing a market comment but each time events were moving so fast that my thoughts felt dated before I was done. Now that the weekend has given everyone a chance to breathe, I wanted to offer a few thoughts even though I worry that when Asia opens on Sunday […]
The activity in the financial markets and on the regulatory front is absolutely amazing. I’ve been managing money since 1982 when the Dow was well below 1,000, and I have never seen anything like this, not even the 1987 crash. My operating thesis this week was that we had reached a turning point in the […]
Office
20 N 3rd Street
Bayfield, WI 54814
Mail
PO Box 1165
Bayfield, WI 54814
tim@northlakecapital.com
847-226-9713
