Consumer confidence is rising

Hello everyone, Yesterday you may have seen the report that consumer confidence is finally rising. The Conference Board (the source of the data) said that in April consumer confidence rose to 39.2 from a revised March figure of 26.9, that is a rise of 12.3 points or...

One of my favorite contrarian indicators

Happy, happy Friday to each of you! In today’s post I wanted to alert all of us to one of my favorite contrarian indicators. Oh, but before I get ahead of myself, I should describe what a contrarian indicator is. In short, a contrarian indicator is a real world...

Computer traders suffer – thankfully

Several times on the blog I have sent up investors who rely upon past performance as their primary guide for investing. The reason is that investing is an activity whose benefits unfold in the future, not the past. So relying upon past data exclusively is spurious....

Numbers from Bank of America

Good morning – I hope that everyone had a good weekend. Bank of America (ticker symbol: BAC) reported its results this morning and they were very good. Profits nearly tripled, largely due to their acquisition of Merrill-Lynch last year. Additionally, revenues...

Early results look good

Happy Friday everyone, Two economic bellwethers have reported their earnings: Citigroup (ticker: C) and General Electric (ticker: GE). Both firms have reported earnings better than expected. In fact, Citigroup is profitable for the first time in 18 months. This is...