Thursday, March 30, 2017

One Good Trade?

Long time between posts, just waiting to see how the Trump circus shakes out.

Dollar finally showing weakness along with the new Administration.

Interest rates want to stay low.

Housing starts warming up. Complaints of lack of labor.

I found what appears to be the possibility of a good trade in Lumber Liquidators.

This stock crashed a couple years ago due to bad publicity about chemicals in their wood, as I recall.
I don't really give much attention to "news". I watch price.
If this stock gets much above $20/share it has the potential to run up quite sharply, most likely due to short covering.
Recent volume says as much.

Housing news....

Add to strength.


Wednesday, March 8, 2017

Smoot-Hawley Redux?

From the article:

" America’s monetary and capital structure from 1921 to 1929 was primarily shaped by six factors: first, a centrally planned monetary system; second, a decade of disguised inflation; third, branch-banking restrictions; fourth, state deposit insurance programs; fifth, agricultural subsidies; and finally, a plethora of taxes and regulations."

After the Republicans in Congress sweep the remains of the ACA under the rug they move on to trade.....

More uncertainty ahead,