Executive Officer at SME
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Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU.

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E My Take On Recessionary Indicators
Despite the regularity of economic downturns and the existence of business cycles in a free market economy it is quite obvious that recession calling remains an art more than a science with the scientists being wrong consistently.
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Latest Comments
‘Dollar’ ‘Improvement’
1 day ago

In general, the US is getting what Trump appeared to want: a weaker dollar. Unfortunately, we will see this doesn't help much and has the potential for raising inflation and causing a downturn. A stable dollar is much preferred over anything else. We will see if we get it. In the mean time, keep buying US stocks that have overseas exposure.

Housing's Echo Bubble Now Exceeds The 2006-07 Bubble Peak
1 day ago

If you trace a line from the start with an average steepness, the overage isn't all that much. That said, the housing market is still sustained by the shoddy government agencies Fannie and Freddie who are still backed and guaranteed through the government and the Federal Reserve's rates make a mockery of monetary policy if not capitalism itself. This makes the housing market shaky.

We will see if anything comes that makes it go down (adjust), however, I don't see it collapsing near term. Insanity breeds more insanity until people start falling from roof tops.

Visualizing The Evolution Of The American Economy Over The Past 50 Years
2 days ago

The oil industry helped form US dominance in plastics, pharmaceuticals, chemical processing, electronics, and shipping as well as making the US dollar the reserve currency of the world. Those who make light of this industry or want the US to give it up know little how important it is the the US and how it impacts more than just autos, power, and transportation.

In this article: BRK-B, XOM, AAPL
Macro-Concerns Dominate The Trading Week As Volatility Takes Center Stage
2 days ago

Yawn, the biggest worry is actually if the dollar weakens more. Second to that is N. Korea bluster which may eventually get a response from the US which is deserves. France is interesting but I don't expect much. It is already heavily socialistic already. Any change won't be as great as Trump in the US which had no major affect to the market.

In this article: UVXY, VXX
You Are Not An Investor
2 days ago

There is truth to this posting. The sad fact is the Federal Reserve is slowly and quietly killing the free market with its manipulation and with it capitalism which it is doing a disservice to by trying to make it adverse for all besides banks to hold or accumulate capital. There is much more wrong with this than just destroying proper price discovery. For one, it has destroyed our strong growth economy and made housing unaffordable for all new entrants.

Sadly, the author is right in the fact few are investors anymore, because more and more people are simply paying people to invest on their behalf either through brokers, mutual funds, hedge funds, or derivatives. This only lopes money onto the beast with very little thought and leads to worse investing. Anyways... I could go on but I think you get the point. Buy stocks yourself and avoid the service charges and be cautious. The bubble won't deflate overnight, but who knows when it will. When it does the Federal reserve won't be able to dent the decline with lowering rates much and can't expand its balance sheet aggressively because it already has done so and can't unwind very fast.

Existing Home Sales Soar To 10-Year Highs
5 days ago

I assume this is mainly the typical firsts reaction to rate increases. Sadly it tends to set the stage for an ugly collapse because it is premised on people buying at elevated levels to get the low rates before they end and typically leads to bad decisions in their ability to afford what they buy.

Buying a house with a low rate at high prices is much worse than buying a house at lower prices at higher rates. You can negotiate your mortgage down as rates drop but you can't negotiate your debt down as rates rise.

Johnson & Johnson: Modest Price Decline Presents Buying Opportunity
5 days ago

It is very much worth looking at if it falls further. Even so, don't expect pharma stocks to do well given Washington's pressure on what they call overpriced drugs and the anti-Obamacare proposals. If they actually get passed you will see a collapse of many pharma stock prices and biotechs.

J&J is a fine company and long term the company is worth buying here anyways. The price declines are just rightly factoring in unusual risk in the pharma industry.

In this article: JNJ
Honeywell Boosts Low End Guidance As Q1 Results Top Expectations
5 days ago

Most of this is probably due to weakness in the dollar.

In this article: HON
If The Market Is In A Correction, How Severe Will It Be?
7 days ago

A downturn in the market in the normal band of trading trend lines is not a correction. We will see if it manifests into a correction if it keeps declining. Even so, if it is, it seems to be a slow moving not particularly significant one so far.

The only really major change is the dollar weakness which has been visible after Trump's election which is not very good for the US.

In this article: SPX, GDX, EEM
This Indicator Shows How Long The Trump Effect On Markets Continues
7 days ago

As you can see with your graph the Trump effect was over lauded and was merely the market acting within norms leading to no major breakout within the normal trends. The effects of Trump will come when something major is actually passed by his administration. So we will see the real Trump effect sometime later.

Right now it seems things keep carrying on as if nothing much happened.

In this article: XLI, SPX
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Moon Kil Woong Commented on ‘Dollar’ ‘Improvement’:

In general, the US is getting what Trump appeared to want: a weaker dollar. Unfortunately, we will see this doesn't help much and has the potential for raising inflation and causing a downturn. A stable d...

more
Moon Kil Woong Commented on Housing's Echo Bubble Now Exceeds The 2006-07 Bubble Peak:

If you trace a line from the start with an average steepness, the overage isn't all that much. That said, the housing market is still sustained by the shoddy government agencies Fannie and Freddie who are...

more
Moon Kil Woong Commented on Visualizing The Evolution Of The American Economy Over The Past 50 Years:

The oil industry helped form US dominance in plastics, pharmaceuticals, chemical processing, electronics, and shipping as well as making the US dollar the reserve currency of the world. Those who make lig...

more
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