2/13/2026
Fist full of Dollars
https://www.youtube.com/watch?v=4niv522mbtM&list=RD4niv522mbtM&start_radio=1
For a Few Dollars More
https://www.youtube.com/watch?v=DT1NJwEi6nw&list=RDDT1NJwEi6nw&start_radio=1
Good Bad Ugly
https://www.youtube.com/watch?v=enuOArEfqGo&list=RDenuOArEfqGo&start_radio=1
2/13/2026
Transports Take a Hit
Charles Dow first published his Industrial and Transportation index in the mid-1880s. the Industrials manufactured goods and the Transportation companies moved them. Cable TV business shows detail for the Industrials, SPX, NASD, and NDX. The Transportation and Utility index are not quoted on the ticker. Typically the Transports lead the direction of the market.
Yesterday, Thursday, a former Karaoke machine seller, is now a supply chain guru. Algorythm Holdings announced that Artificial Intelligence would improv efficiency in the trucking business. The market reaction was immediate.
C H Robinson dropped15%. Expeditors International dropped 13%. The overall Transport Index dropped 5%, recovering to minus 4%. The DOW dropped 1.3% or 670 points. The NASD dropped 2%. Understand these are not year to date drops, these are one day declines. Markets are modestly higher today. There is always a fundamental event to validate the technical picture of the market.
I have warned of over valuation for months but this is the first real warning. The situation is quite similar to the dot.com peak of March 2000. Then the NASD tacked on 3,500 points from 1998 to 2000. That was on top of the 1500 points which took from 1982 to 1998 Maximum mood comes at the end of a market run. The thinking was that every dot.com would be wildly successful. They weren’t. The NASD then lost 75% falling to 1500 two years later.
This time Nvidia and the Magnificent Seven stocks are all the rage. AI is the new dot.com mania. Now an ETF of the Magnificent Seven is down 10% this year. A clear sell signal will be when the major indexes drop below the November low.
Home sales fell 8.4% in January. Snowstorms and sagging confidence led to the drop.
The energy news is ala bout Russia’s diminished prospects. Ural crude is now trading at a 25% discount to Brent. Ural crude is now priced at $45, well below the $59 needed to balance the Russian budget. It is estimated that there are 143 M Russian barrels floating in ships around the world.US and European sanctions have closed the Indian markets. Buyers are extracting the heavy discount when and if there are sales. If unsold, Russia will have to halt production due to lack of storage. The bottom line is that revenue is not enough to support the oil fields. Russia really has no consumer economy, just crude oil. It will be more difficult to sustain the Ukraine war. Things look bleak in Cuba. Cut off from Venezuela oil and set adrift by Russia, everything from electricity to gasoline to food is in short supply. The US plan to regain the Western Hemisphere is working.
www.professorelam.blogspot.com
2/12/2026
Transport Index
Here are the two big losers
Expeditors down 13.25%, off the lows,
Already this year CH 11 for Saks, First Brands
Today Blackrock drops $400M on a private equity loan see prior post
Tricolor CH 7 overnight, forget Plan B
EY issues a critical audit matter over Meta moving a $27 B data center off the balance sheet, the last big company to do such was Enron with its Special Purpose Enties SPE
Sudden bankruptcies, stocks drop 14% in a day and these are not crypto or MEME stocks, real companies.
NDX
2/12/2024
I would say he is splitting hairs not blaming due diligence, more follow up he says
The facts below
2/12/2026
Wednesday Feb 18, 5 30 - 8 00 PM San Antonio Institute of Management Accountants will have a
two part program The first hour will deal with managing family owned business. The second hour
will present the current state of the SA accounting job market. That hour should be of great value to all
accounting students. Click on the link to see the program and register.
2/11/2026
Texas State Board of Public Accountancy
Webinar for Texas Accounting Educators,
CPA Exam Applicants, and Accounting Students:
CPA Exam and Certification Pathways for Texas |
February 27, 2026 | 10:00 AM (Central time) |
The Texas State Board of Public Accountancy invites Texas accounting educators and advisors, along with CPA Exam applicants and accounting students, to participate in an important webinar focused on recent changes to the CPA Exam and certification pathways in Texas.
Why Educators and Advisors Should Attend
This session provides timely insights to help educators advise students and stay current on administrative changes to requirements for the CPA Exam and certification.
Why CPA Exam Applicants and Accounting Students Should Attend
This session provides information to assist applicants and students understand the education and work experience requirements for the CPA Exam and certification.
2/10/2026
Summation Index for NASD looks like it is bottoming as well.
At top RSI is certainly extended. PMO at bottom is high but it has been higer before breaking over. Trend is near vertical which is NOT the time to buy. Strange times. More tomorrow
2/6/2026
Dartmouth President Sian Leah Beilock’s op-ed “Is a Four-Year Degree Worth It?” (Jan. 26) is a respectable start at transforming campuses across America. What is missing is the proper customer orientation. If we consider the customer to be potential employers, it is easier to see where universities must focus attention.
Employers value professional certifications—such as Chartered Financial Analyst or Professional Engineer certification. While a four-year degree now often demonstrates merely acceptable attendance, a certification demonstrates skills, acumen and judgment that portend value in the workplace. Additionally, employers value work experience—internships directly related to a student’s career path. In many cases, such experiences are prerequisites for professional certifications.
Universities should focus more attention in integrating industry standards of competence into their curriculum. Many have already done so. These will be the ones that survive the looming market shakeout.
Dean Em. Charles Crespy
Central Michigan University
Mount Pleasant, Mich.
Dow Complex Notches New high
There is a strong upward cycle into next week. That cycle has taken the DOW Industrials and Transports to a new high. The Industrials have risen an amazing 883 points just 75 minutes into today’s session. The NDX, NASD 100, has held support at the previous mid-November low and is up 1.21% this Friday morning. The SPX has held above its mid-December low and is up 1.29%
The AI Innovation and Tech ETF is BAI. It just dropped form 36 to 32 and has rebounded to 33.67. The idea is that Artificial Intelligence will take over computer coding making these companies the new version of eight track tape manufacturers. The SOX semi-conductor index has long been the best indicator of the health of the chip makers. It has soared from the April 2025 low of 3500 to 7886. This reflects the mania over AI chips. Nvidia, the leading AI chip maker sold of from 192 to 172 but is also rallying today to 183.
The bearish case is definitely on hold.
I read that various Wall Street types think Trump’s pick of Kevin Marsh will steady the Fed’s independence. It is known that Trump thinks over night rates should be at 1-2%, not the current 3.75%. Anyone who fails to do Trump’s bidding does not hang around for long. Ask any of his four National Security Advisors from his first term. First Brands is an auto parts maker of well known brands like Michelin tires and FRAM oil filters. After running through $1.1 B earlier this month, further loans were not forthcoming. The auto makers themselves have had to furnish financing to keep supply lines open. Now the CEO is under indictment for double selling invoices, some of which were apparently fake.
The ten-year Treasury Note yield bottomed in late November around 3.94%, It has risen to a recent high of 4.3%. the last few days it has backed off to 4.21%. Recall the 39-year low in interest rates occurred in March 2020 with the Note yielding a mere .5%. the rise off that low has been impressive. Given the cycle low, it is hard to see lower rates ahead.
The world is awash in debt. In 1960 global debt was $290 billion. Today it is more than $40 trillion. This is a 135x increase. At the same time the spread between corporate bond and Ten-Year Treasury yields is the lowest in 28 years. There is the lowest fear of default in years while we have more debt than ever.
The good news for the Basin is crude oil at $64.05. Energy stocks have been front and center in the latest trend that trashed chip stocks with war cycles brewing in February look for stronger crude prices
Professorelam.blogspot.com
2/5/2026
2/5/2026
Okay so he was not informed of the consequences of his plea, is this guy a lawyer or what.
Let's follow this.
2/5/2026
Michealangelo's drawing of a foot
This is manic top of the bubble thinking.
2/5/2026
Best,
Mysti Frazier
Assistant Director for Internships
Mays Center for Experiential Learning and Community Engagement
Texas A&M University-San Antonio
Science and Technology Building, Suite 111
210-784-1467 | mfrazier@tamusa.edu | www.tamusa.edu/mays
Pronouns: she/her/hers
Woo | Communication | Strategic | Includer | Individualization
2.4.2026
The tech heavy NDX lead the way up it is now leading the way down.It is taking out the Jan 20 low already.Once it takes out the Nov 21 low, it is as the legal dept at First Brands put it, game over. The DOW has held up making a new high because it has way fewer tech stocks than NDX or SPX, DOW is price weighted. The DOW will hold up longer than the NDX or SPX, this also allows the 'experts' to claim the market is making new highs as tech stocks tank.
2/3/2026
I wrote recently that the markets exhibit a broadening top. Early buyers are selling to the late comers, and so we see up and down action. We had more of that today. Markets dropped and then the DOW rallied late afternoon.
Tech NDX led the market up and will lead it down. Notice the NDX did not rebound as the INDU did.
I have been writing about a long term top for months, we are very close to that, look a the distribution patterns, one day the early buyers will have sold all their stock to the late comers, and then there will be no net buyers and the market will simply tank. If you are long well rather sell six minutes early than six minutes late, ie at way lower prices.
2/1/2026
Gold and silver finally topped with the biggest drop since 1980.
The HJouston Astrodome was completed in 1965 at a cost of $35M, I was designed for 50,000 but swelled to 68,000 for a George Strait concert in 2002. Now in San Antonio, the new Spurs basketball arena will seat 15,000 and cost $1.2 billion. That is a 34x increase, pretty much a devaluation of the dollar. I think that explains the move to gold and silver.
Stocks DOW Industrials
Democrats won and open state senate seat in the DFW area this week. Democrats will come out for a small election like that to do anything to display their distaste for Trump. Republicans show up for teh big races but not the little ones, and one shot races like this. It is still an indicator of what will happen in November.
