Those who took advantage of markets at Fib levels were rewarded. However, this looked more a ‘dead cat’ style bounce than a genuine bottom forming low. This can of course change, and one thing I will want to see is narrow action near today’s high. Volume was a little light, but with Christmas fast approaching…
Putting a portion of your retirement portfolio in another country is a good way to diversify risk on a global level. The risks associated with the economy of any single country can be mitigated by purchasing assets in other countries. Geographic diversification can be achieved through a U.S. brokerage firm by buying foreign stocks, REITs,…
Mortgage applications for home purchases fell almost 7% last week, fading recent gains and hovering once again back at 20 year-lows (entirely unable to reflect the housing ‘recovery’ for the average joe). The plunge in applications comes as mortgage rates crash back to 4% – the lowest in 19 months. The reason – apart from unaffordability…
First comes production. Then comes income. Spending and savings follow. All the rest is debt…….unless you believe in a magic Keynesian ether called “aggregate demand” and a blatant stab-in-the-dark called “potential GDP”. I don’t. So let’s start with a pretty startling contrast between two bellwether data trends since the pre-crisis peak in late 2007—debt versus production. Not…
A few years ago, hedge fund Level Global Investors made $54 million selling Dell Computer stock based on insider information from a Dell employee. When charged with illegal insider trading, Global Investors’ co-founder Anthony Chiasson claimed he didn’t know where the tip came from. Chiasson argued that few traders on Wall Street ever know where…
I only listen to CNBC eight times a year (that is, during Fed announcements). It’s just embarrassing hearing everyone parse each little word, whether it’s a verb or a noun, etc. This is what we’ve all been reduced to. In any event, I’m keeping a close eye on the $RUT as markets continue to scorch…
The Fed brought out not so much the jawbone, but perhaps its dentures, and changed ‘considerable’ to ‘patient’ and set some expectations for a rate hike perhaps as early as April. Of course this is all rubbish, and the Fed will do what they need to do to protect the US’ financial paper, especially in…
All Treasury yields are up with the curve… yup, dropping. They are suddenly not scared anymore and are flying out of liquidity instruments. 10, 5 & 2 year yields from Bloomberg Junk and Junk to quality is snapping back hard and the inflation gauge is even getting a little bounce. It appears we could get some…
The Chart of the Day belongs to Celladon (NASDAQ:CLDN). I found the stock by sorting the All Time High list for the stocks hitting the most frequent highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/27 the stock gained 81.38%. Celladon Corporation is a biotechnology company. It…
Joy Global Inc. (JOY – Analyst Report) reported adjusted earnings of $1.25 per share in the fourth quarter of fiscal 2014, up 12.6% from $1.11 per share a year ago. Earnings also outpaced the Zacks Consensus Estimate of $1.14 by 9.6%. Joy Global, Inc – Earnings Surprise | FindTheBest Fiscal 2014 adjusted earnings were $3.29 per share, compared…
