but if I had been on….

The following are the notes I submitted for today’s now canceled CNBC appearance. They usually ask for a writeup of some sort and since I am on their D-list, or lower I try to be thorough. General Market The equity market has obviously had an outstanding January so far. In thinking about the next couple of months, there is clearly momentum to the upside, the first quarter had been a good time to own stocks for the last few years and this year is starting out the same way, the Fed still has the pedal to the floor, interest rates are still very low and other than Apple the earnings season has not been a catastrophe. This sets the stage for the momentum to continue for a little while longer like the rest of the quarter. I would feel better about the momentum lasting that long if we had one bad week to work off some very short term overbought conditions. Also contributing to confidence for the next couple of months is that the S&P 500 is only 7% above its 200 day moving average which is not that much. The rest of the year may not be as good. Tech sector There has obviously been a meaningful rotation out of Apple (AAPL) and this could be very good for the rest of the tech sector. To the extent that portfolio managers are or were long AAPL, are selling that stock and will want to keep those proceeds in the tech sector then other large cap tech stocks could see serious buying. YTD AAPL is down 17% while the...

Scheduled to Appear

I am scheduled to appear on Squawk on the Street on CNBC shortly after 11am EST, 8am PST or 7am Alaska Standard Time. We are due to discuss the market’s run to start the year and I believe they are interested in hearing about our sale in Apple a couple of weeks ago. These things are always subject to breaking news but I hope you can check it out. The picture below is from an appearance a few years ago. I’ve been bumped, an Alderman somewhere has suffered a gruesome cuticle injury and they are devoting their coverage to this breaking...

Scheduled to Appear

I am scheduled to appear on Squawk on the Street on CNBC shortly after 11am EST, 8am PST or 7am Alaska Standard Time. We are due to discuss the market’s run to start the year and I believe they are interested in hearing about our sale in Apple a couple of weeks ago. These things are always subject to breaking news but I hope you can check it out. The picture below is from an appearance a few years ago. I’ve been bumped, an Alderman somewhere has suffered a gruesome cuticle injury and they are devoting their coverage to this breaking...

Sunday Morning Coffee

A few life lessons learned along the way. Always play the game as hard as you can, your teammates are counting on you. This came from my father when I was in elementary school. I played basketball and wanted to go to a birthday party but my father taught me about what it means to be part of a team. This is of course about more than just sports, it applies to other situations where people depend on you. I didn’t really understand the extent to which is was about more than sports until I was an adult. I picked up a few things from my dad but I think this one is relatively important. The fire chief of the Walker Fire Protection Association from when I first joined in 2003 has had a big impact on my life. I would try to articulate it by saying that I learned the importance of living a life of service to others. I view maintaining the blog as part of this idea but my FD involvement predates the blog. His leadership was such that he understood that loyalty and respect are earneed they are not bestowed. We would have walked through a brick wall for him. He still helps a lot with the department (he ran the water tender at the mid-October structure fire and conducts several trainings a year) and I try to follow his examples on how to run the department (I have been chief for a little over a year). Avoid buying stocks that people want to sell you. This came from my older brother who used to...

Sunday Morning Coffee

A few life lessons learned along the way. Always play the game as hard as you can, your teammates are counting on you. This came from my father when I was in elementary school. I played basketball and wanted to go to a birthday party but my father taught me about what it means to be part of a team. This is of course about more than just sports, it applies to other situations where people depend on you. I didn’t really understand the extent to which is was about more than sports until I was an adult. I picked up a few things from my dad but I think this one is relatively important. The fire chief of the Walker Fire Protection Association from when I first joined in 2003 has had a big impact on my life. I would try to articulate it by saying that I learned the importance of living a life of service to others. I view maintaining the blog as part of this idea but my FD involvement predates the blog. His leadership was such that he understood that loyalty and respect are earneed they are not bestowed. We would have walked through a brick wall for him. He still helps a lot with the department (he ran the water tender at the mid-October structure fire and conducts several trainings a year) and I try to follow his examples on how to run the department (I have been chief for a little over a year). Avoid buying stocks that people want to sell you. This came from my older brother who used to...