The Federal Reserve released an edict on interest rates and then Janet Yellen held a press conference. One of the things she said at the press conference was that the stock market is at a good valuation and is not a "bubble." They called this a "green light" on CNBC.
Stock Market News
Here is an interesting interview with Robert Johnson who was a lead currency trader for George Soros who helped put together the trade that broke the pound.
The selling in Facebook stock among insider is "incredible" as you can see in this video.
We are in a market rally that is a bull march. But where are the new bulls getting in now marching towards? They do not know. All they know is that they must follow and march with everyone else. So march they do.
This morning it is selling as the number one top selling ebook book on Amazon when it comes to stock investing books. Today it is outselling books by Michael Lewis, Peter Lynch, and William O'Neill.
Two days ago my friend David Skarica released a new investment book warning of the dangers of this market that includes ideas for you to protect yourself from market turmoil in it.
William Fleckenstein is one of the few regular bearish guests on CNBC. He was on yesterday on the "Fast Money" show and said that a flash crash could happen at anytime, although he was not predicting one.
Last week I went to Las Vegas for a few meetings. The Las Vegas Money Show happened to be going on when I was there so I decided to go check it out.
Jim Rogers is investing China and Russia instead of the United States. I wonder if people now will consider him a traitor.
The average S&P 1500 stock is down by more than 12% from their recent 52-week highs. The average stocks in the Russell 2000 and Nasdaq Composite are down by more than 20%, which means you can say they are in bear markets.
He believes that a crisis worse than 2008 is down the road, because the total debt out there is 30% higher than it was in 2007 before the last crisis.
David Einhorn is here. He runs the $10 billion long-short fund Greenlight Capital, and he made headlines recently by declaring the tech sector to be in a bubble.
Here is yet another Wall Street strategist declaring that valuations do not matter.
Yesterday Henry Blodget argued that there is a technology bubble, but if it busts it won't be like 2000 or like the crash in real estate, because "it is much more limited this time."
This weekend Barrons had an article about Doug Kass - a well known pundit and hedge fund manager who has become so bearish on the stock market that he is now taking short positions in individual stocks to bet against their drop.
He's smart to get out now while he is on top of the world. Best to exit before the year of bond turmoil comes.
Can the Nasdaq rally here?
Fed Governors are leaving the Federal Reserve board en mass. They are jumping ship as we are approaching a critical and historical moment in Fed policy.
Despite the recent drop in the stock market investor sentiment remains overly bullish.
He thinks that the madness in the stock market could result in "87 type of crash" in the next twelve months that "could be even worse."
We are in a market correction. The market went up yesterday so some got excited, but their excitement flew in the face of a tough reality - this is a bubble market that is popping.
In order to fight against the nervousness you have Wall Street advisers and brokers attempting to reassure the public by making wild predictions and statements.
CNBC's Steve LIESman declared this morning that his analysis of last week's jobs reports and other economic makes the "bear case" impossible.
In my monthly newsletter for April I said that this was going to be a very difficult time for the typical American investor who merely follows the herd. Today shows why.
It's easy to poke fun at James Cramer, because at least a few times a year he appears to go totally crazy on TV, but sometimes he gets something right.
Yes the stock market is manipulated, but that doesn't matter if you use strategies that side step the effects of these computer trading programs.
To understand this complex process, you don't need to read a whole book, all you need is a copy of the notoriously bad, but fun movie Superman III.
Watch this CNBC bubblehead make the bull argument against Fleckenstein.
It appears that Teixeira is getting involved in a sector full of hype right now - and a year too late.