My Dow 20,000 Call Was Correct, Now What?
Back in April 2016, when the Dow was 17,500, I made a call for Dow 20,000 by the end of 2016. At the time, no one on Wall Street was making this call and the majority of money managers were extremely bearish. The main point of this call was not to reach an exact number, it was to stress the overall direction of where I thought the market was heading last year. I'm pleased that [...]
Fox Business VIDEO: Interview With Neil Cavuto
Here is my interview with Neil Cavuto taped on Friday 12/16/16. Enjoy! I can be reached at: jfahmy@zorcapital.com
Buy Netflix And Chill
Readers of my blog know that I have liked Netflix (Symbol: NFLX) for a long time. I feel it is ready for a move higher soon for the following reasons: 1) Technicals – The chart is showing very strong technicals on its Weekly chart (see below). Since their last earnings report, the stock has found great support near its 10-week moving average; showing that big institutions continue to accumulate shares. It is also building a [...]
VIDEO Clips From My Wall Street Week Appearance
Some of you may remember the iconic financial show "Wall Street Week." It aired many years ago on Friday nights on PBS and was hosted by financial legend Louis Rukeyser. The show was resurrected last year by Wall Street titans Anthony Scaramucci and Gary Kaminsky. I was more than humbled when they asked me to be a guest this weekend, as it is considered one of the most prestigious financial shows on television. I am [...]
Why This Is A New Bull Market
There is a popular definition in the financial media that a Bear Market is a -20% correction in the S&P 500. Don't listen to it! It is wrong! This definition has hurt too many investors because they keep hearing this "7-year Bull Market is getting too long in the tooth" and it's about to end. It has kept many people out of the market when we are potentially just starting a new Bull Market uptrend. [...]
Why The Pain Trade Is Higher
Six weeks before the election, I wrote an article for Yahoo Finance titled "The Market Is Forecasting a Donald Trump Victory.” In 24 hours after the post, I received over 500 hate emails. I have no problem with that part but I did have a problem with people reacting on emotion rather than using rational thought. As I stated in the post, it wasn't a political statement. It was simply my interpretation of the price [...]