Close Calls: Enough with the invading!

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Welcome back to Close Calls for the week of August 18 through August 22, 2014. They give you the trend, I give you the forecast.

Traders were rattled when a Russian convoy entered Ukraine Friday, prompting fears of an escalation of the Russo-Ukrainian conflict. No, we didn't send you an old version of Close Calls by mistake, the same thing really does keep happening over and over. The S&P 500 closed the day at 1988, and I've pledged to pretend that the number is a year - and reference at least one song from that year - in each of my weekly market wrap-ups, at least until the S&P is set in the future, if you follow.

I increased the size of my Twitter following considerably this week, though it seems mostly to be Bitcoin enthusiasts who don't want to miss any opportunity to insult my intelligence, education, manhood, etc. On the emotional reactivity scale, this group rates slightly higher than Obamacare haters.


Reappraisal - The Kiss of Death

My record of bullish stock picks in this bull market is one I will proudly set next to anyone's, but let the market beware, I'm actually better (at least this year) when I bet against the market. Last week, Noodles & Company (ndls) became the most recent stock to fall with my kiss of death fresh on its lips.

Still resisting my advances is GameStop (gme), which forced me to eat crow this morning - a dish I've never acquired a taste for - by posting strong earnings after I very emphatically predicted its demise . This one doesn't require much reanalysis, since everything I wrote then still applies. No matter how much hay GameStop makes while the sun is shining, they can't stop it from it setting, as it will on all brick and mortar retailers of digital products. I know that to be true, and GameStop's earnings report may have shaken the faith of some, but my own Faith is as strong as ever.

Recap!

Here's what I had to say this week, starting with five passionate death-kisses.

These giant companies are about to get squeezed

Whatever happened to Bitcoin? (Hint: nothing good)

Pundits yammer like children: Tesla investors have none of it

Price of oil plummets! Who wins, who loses, and how low can it go?

Eurozone in ruins

Seven signs of the Stockpocalypse

Labor market tightens-up, but employers still aren't paying-up


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Technology

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