Insider Buying Week 03-08-24 FOMO or FEAR?

I’ve been struggling to explain the speculative frenzy I sense in the markets. Stocks routinely go up and down 20% on earnings or even something as trivial as an analyst upgrade or downgrade yet the underlying market seems calm, benign even. The VIX, which is the current mathematic model for measuring short-term volatility, steadily trends lower. The VIX is a measure of the volatility of the S&P 500, and by now, everyone understands that the capitalization-weighted nature of that index dominates the recent stock market performance. The popular but obsolete already term ‘Magnificent 7’ refers to a handful of mega … Read more

‘t want to go down.

Despite the best efforts of banking emperors like Jamie Dimon of JP Morgan or all-knowing market strategists like Mike Wilson of Morgan Stanley, this stock market refuses to go down.  Last week’s market rally has already numbed the pain from February’s losses. The bulls are stomping their hoofed feet at the fences, dying to bust out. An insomniac lies awake at night, Puzzling over a conundrum so tight; the answer eludes them, it’s out of sight, And the puzzle keeps them up till daylight. They toss and turn, and they try to sleep, But the puzzle is just too deep; … Read more