About 10 months ago I wrote that I thought Apple was worth $114 to $128 per share (split adjusted). That day the stock closed at $72. Today it closed at $116, 60% higher. So this morning I sold it. Here’s why: Fundamentally, the company has gone from being very undervalued to fairly valued in a very short…
Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not. As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions of Americans that simply cannot afford to eat such a meal….
The global financial system has come unglued. Everywhere the real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal exhaustion, currency wars, intensified politico-military conflict and an unprecedented disconnect between debt-saturated real economies and irrationally exuberant financial markets. Yet overnight two central banks promised what amounts to more monetary heroin and, presto, the…
Written by Gary The DOW and SP500 both made new closing highs today as Mr. Market continues to push the averages higher. Volume tapered down after the market opening, but remained at low levels throughout the session. By 4 pm the averages closed after a relatively quiet afternoon session. Many investors are waiting for the other…
Written by Gary The DOW and SP500 both made new closing highs today as Mr. Market continues to push the averages higher. Volume tapered down after the market opening, but remained at low levels throughout the session. By 4 pm the averages closed after a relatively quiet afternoon session. Many investors are waiting for the other…
Next week will be a short holiday week with the Thanksgiving Holiday on Thursday, and ‘Black Friday’ the day after when everyone goes shopping for happiness and fulfillment. We will see the second estimate of Q3 GDP on Tuesday. The market is hitting a bit of a high note here, with record close after record…
Money Supply Growth Accelerates, Credit to Private Sector Still in Decline While money supply growth is slowing down in the US, it has recently continued to accelerate somewhat in the euro area. The effects of the ECB’s “QE”-type debt monetization activities in the form of covered bond and ABS purchases have not yet impacted aggregate…
Covered call options are a great way to earn additional income from your stock portfolio. By selling stock options one can realistically earn 60% or more on your money a year. In order to learn the covered call strategy you have to become familiar with selling stock options. Selling is called “writing” in the world of…
As I noted in the Condensate Economics Explained this summer, condensate splitters will not be a sustainable solution to the condensate flood in the US by itself. The recent article by RBN indirectly supports this claim. RBN expects very high natural gas liquids (NGL) production. The problem child in NGL is ethane. Ethane, because of its unique property…
CLICK ON CHART TO ENLARGE Bullish wicks at support can be create nice buying opportunities. A month ago Premium Members took advantage of bullish wicks in stocks and took “Pocket Change Gains” here. (see post here) Silver is hitting dual line support, at the same time it is hitting the 23% Fibonacci support off the…
