TABR News

CONCLUSION—The Same as Last Month Not much has changed since our mid-month update in February—a mostly bullish stock market environment, until proven otherwise.  We have been in a trading range since mid-November, with an upward bias.  The S&P 500 dropped -3.54% from February 24 to March 11, but has recovered almost all of that in […]

CONCLUSION—Trading Range, But Mostly Bullish Until Proven Otherwise Most stock indexes were down about -3% in January, and this brought out the chorus of “as January goes, so goes the rest of the year.”  But that calendar anomaly has not worked in recent years, and here we are, two weeks into Febuary, and the losses […]

CONCLUSION—Expect More Up and Down Volatility In the 5 trading days ending January 6, the S&P 500 Index dropped nearly -4% and in the process, wiped out the entire gains from the normally favorable seasonal periods in November and December.  In actuality, December was a down month for that index, but other indexes did rise. […]

Bob Kargenian was quoted by Barry Ritholtz in his Bloomberg article, No Room for Feelings in the Market. The article discusses the tendency of market commentators to make predictions based on market sentiment. According to Bob Kargenian, “If you’re bullish and wrong, you usually have plenty of company. But if you’re bearish and wrong, it’s almost unforgivable.” […]

CONCLUSION—A Classic Topping Process Since our last email update on Halloween six weeks ago, there has been a considerable amount of both up and down volatility in world stock markets.  From the October 15 low for most markets to December 5, the top for most markets, various indexes rallied anywhere from +5% (EEM—Emerging Markts Index) […]

TABR has released the December 2014 Newsletter. Download TABR Quarterly Newsletter here.

CONCLUSION Last month, I wrote about a change in character in the markets, based on weakness in global equities and high yield corporate bonds.  This change, which is from up to down, appears to be accelerating.  The percentage of stocks on the NYSE Index above their 200-day moving average has fallen to 47%, which means […]

Steve Medland was quoted by Ben Steverman in his article, Why Financial Advisers Still Hate Reverse Mortgages. Steverman interviewed Medland about the pros and cons of reverse mortgages for the article. According to the article, “A home equity loan is much cheaper and less complicated, says Steve Medland of TABR Capital Management in Orange County, […]

CONCLUSION Our last monthly update on August 7 was written on the day of the closing low of the recent correction in the S&P 500 at 1909.  I’d conveyed the thoughts of a change in character in the market, given weakness in corporate high yield bonds, small company shares and global equities.  Though it continues […]

TABR has released the August 2014 Newsletter. Download TABR Quarterly Newsletter here.