by Gary Gordon | Sep 2, 2020
Extended periods of overbought conditions in relative strength (RSI) typically lead to market pullbacks. Equally telling? The RSI for the S&P 500 has hit 81 — a relatively rare feat in and of itself. In a similar vein, at 3567, the S&P 500 is trading 15%...
by Gary Gordon | Aug 31, 2020
Daily gains of 5%-10% on mega-caps as if they are penny stocks? The price action for August of 2020 has been positively bonkers. For instance, Tesla (TSLA) witnessed 60% month-over-month gains. 60% in August alone! Even the 17th century’s ‘Tulip...
by Gary Gordon | Aug 26, 2020
In late August of 2000, the median stock in the S&P 500 hit its highest Forward P/E level ever. A 12-month Forward P/E of 26. For the better part of the last two decades, investment gurus routinely rebuked the foolishness of paying 26 times estimates of corporate...
by Gary Gordon | Aug 24, 2020
Late in 2005, my wife and I cashed in our two properties and decided to rent. We were a year early when we walked away from the real estate bubble that eventually destroyed tens of millions of families nationwide. Fifteen years ago, the math on ownership failed to add...
by Gary Gordon | Aug 21, 2020
In what type of stock universe is there exponential intrigue in the “New Economy” Nasdaq with very little interest in the “Old Economy” of the New York Stock Exchange (NYSE)? Welcome to the 2020 Pleasure Dome. Perhaps ironically, corporate...
