In the great fiscal scheme of things, October 22, 1981 seems like only yesterday. That’s the day the US public debt crossed the $1 trillion mark for the first time. It had taken the nation 74,984 days to get there (205 years). What prompts this reflection is that just a few days ago the national debt breached…
Written by Gary Markets made a sudden spike upward at 12:30 pushing the DOW and SP500 to new historic highs on news of reports that the European Central Bank could be preparing a new stimulus package for its meeting next month. By 4 pm the markets closed in the red with the large caps flat and…
“But now, in this century of ideologies, the Gods and Destiny have been given new life. ‘Miracles in the world are many,’ Sophocles wrote in the fifth century BC. ‘There is no greater miracle than man.’ Suddenly, at the end of the twentieth century, we discover that no, after all, it isn’t true. Historical inevitability…
Blue Line 4 Week Average The market was expecting the weekly initial unemployment claims at 290,000 to 300,000 (consensus 295,000) vs the 297,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 294,250 (reported last week as 294,000) to…
Aeropostale, Inc.’s (ARO – Snapshot Report) third-quarter fiscal 2014 adjusted loss came in at 45 cents per share, in line with the Zacks Consensus Estimate. However, the loss was much wider than the prior-year quarter’s loss per share of 29 cents and hence dragged the shares down 9.7% during after-market trading hours yesterday. Today the…
Note from TalkMarkets editors: This article discusses a penny stock. Penny stocks are easily manipulated; please do your own due diligence. Radio Shack (RSH) = MOJO see’s it like this… a benefactor will come in and help out Radio Shack. The brand name alone and all the stores, customers, etc… are worth far more than $.60 cent stock….
The Chart of the Day is Ingredion (NYSE:INGR). I found the stock by sorting the All Time High list for the stocks that had the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/31 the stock gained 8.70%. Ingredion Incorporated is an ingredients solutions…
Written by Gary By noon the markets had recovered somewhat from a sudden dip of -0.5% to -0.3% and a lot of green volume. The midday trend ‘appears’ to be trending upwards, but could become sideways by this afternoon. Investors are taking their time in deciding what they want to do towards the end of the…
Wondering why stocks suddenly found a soft patch in the last few minutes of trading? Here is the reason: according to a report in German Die Welt, the ECB’s president and former Goldman Sachs employee, Mario Draghi, has just lost the majority on the ECB Executive Board: Back row (left to right): Yves Mersch, Peter Praet, Benoît…
