LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Rigged Market Socialism
By: Michael Ballanger

Western Central Banks: Robert Mugabe Rides Again?
By: Stewart Thomson

The coming supply crunch
By: Richard (Rick) Mills

Crash Update: Rally in Progress
By: Gary Savage

Precious Metals Update Video: New buying in metals
By: Ira Epstein

Technical Scoop - The hits just keep on coming
By: David Chapman

All Is Not Well in the Gold Paper Markets
By: Clint Siegner

SWOT Analysis: U.S. Gold Coins Bought at Fastest Pace in Three Years
By: Frank Holmes, US Funds

How much gold does China really have and how will it be used?
By: Chris Powell, GATA

Gresham’s Law And The Gold And Silver Squeeze
By: Dave Kranzler

 
Search

GoldSeek Web

 
Investors Finally Yield

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 24 February 2020 | Print  | Disqus 

Now that we are hearing stories about the viral threat of superspreaders, of deepening economic paralysis around the world, and how it could take 18 months to produce a vaccine, investors’ show of bravado in recent weeks seems to have melted away. Shares got hit across-the-board on Thursday and Friday, and if investors know what’s good for them they’ll pound the bejeezus out of them this week. Although it’s difficult to estimate how much selling will be necessary to discount some worst-case possibilities, including a sharp global downturn, it was at least a step in the right direction for traders to belatedly acknowledge with the hesitant, two-day selloff that they simply don’t know how things will play out. It is frequently said of investors that they fear uncertainty more than anything else, and so the weakness that ended the week would have been a comfort to those who have wondered when even a faint sign of rationality would emerge on Wall Street.

Betting Against Buffett


Looking just ahead, a third consecutive day of selling would be extremely rare and suggest that investor psychology may have shifted after being fearlessly bullish for most of the last 11 years. As always, we’ll be watching AAPL in particular, since it is the key bellwether for discerning the mindset of the institutional investors who literally own the game. Warren Buffett is conspicuously among them. Berkshire Hathaway reportedly holds $78 billion worth of Apple shares, about twice what the investment firm paid for them, and Buffett is not the sort who is likely to cut and run just because a global economic slowdown threatens. His steady nerves are what permabears will be up against if they expect the stock market to simply fall apart. Think of Boeing, which hasn’t had a single good-news day in a year. Despite this, BA, which traded as high as $446, hasn’t been able to break below $300 after 11 months of trying by increasingly enfeebled sellers. If bulls are indeed heedless, and if the torrent of Other People’s Money that has powered the bull is in fact limitless, stocks should be on their way higher by week’s end.

 

Rick Ackerman

www.RickAckerman.com


| Digg This Article
 -- Published: Monday, 24 February 2020 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.