$BANC

Federal Reserve Chairman Powell is a Dangerous man

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I wrote to clients in the February update that  Federal Reserve Chairman Powell is a dangerous fellow.  Last week he proved that causing a run on the banking system.  Ironically if the creation of a new Bank Term Funding Program (BTFP)had been in place the week before, Silicon Valley Bank might have avoided failure and bankruptcy. Powell’s rapid hike in interest rates as a cure for the supply-side inflation shock is likely to be as successful as the ancient but now discredited medical practice of bleeding the patient. If Powell was the CEO of a public company, activist shareholders would … Read more

Animal Spirits and the Doomsday Clock are on a Collision Course-Insider Buying Week 1-27-23

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Not one of the many podcasts and pundits I listen to predicted a rally of 16% magnitude since the October lows. The January rally to date has been raw animal spirts. Obviously, this can’t keep going with the Fed dangling 5% risk-free returns out there.   Insider buying is incredibly scarce, even considering the seasonal effects of quarterly earnings blackouts.  This is what interested me last week in the thinly populated world of insider buying. The most exciting event is the new bubble forming around AI, capped off by Microsoft’s $10 billion in investment in OpenAi’s and  their overnight ubiquitous quantum … Read more

‘t In Yet

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  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year.  Last week was a predictable short-covering rally in the most savaged part of the market, high flying cloud stocks and a smattering of nonprofitable tech players. NASDAQ stocks shellacked the most typically and predictably bounced back  10-15%. But don’t kid yourself. This isn’t the real deal, at least not for most of the bag holders. Every market correction for the last 20 years or as long as we have data for ends and only ends with a tsunami of insider buying. Whether … Read more

Where have all the flowers gone?-Oh when will they ever learn, oh when will they ever learn?

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For trade, details click on this link to the trades Peter Paul and Marry were singing about something much more profane than insiders buying their own stock, but then again, were they? Pete Seeger may have written the lyrics but the tune is all the same. Don’t let anybody kid you, the two most important things in most people’s lives are their health and their money.  They generally don’t give a damn about their health until they lose it.  So it really boils down to their money.  Paying attention to what insiders are doing with their own money is the … Read more