The DAX (GDAXI) has been on an unexpected tear recently, launching into frontiers previously unknown. In mid-February, it reached the psychological 11,000 point mark for the first time. The last time the DAX reached a new high, it was followed by a slump, but this time it hasn’t. In fact, rather than giving investors the sense it has reached…
Our oldest subscriber has just died aged 109. I first met Irving Kahn when I opened my first brokerage account at Abraham & Co., where my great-uncle Jack Oppenheim, stock market mentor to the German Jews, worked. (Jack had fled Germany with enough money to buy a seat on the New York Stock Exchange and…
As I’ve mentioned before, IPOs take patience. I like to wait for a new stock to shake out a bit before making a purchase. I’ve been watching Alibaba (BABA) since the IPO and haven’t built a position or made a trade because the Twitter (TWTR) and StockTwits streams haven’t been able to confirm a good entry…
Back in September, when it first went public, and when it quickly became the talk of the TV studio currently located on the obsolete NYSE floor in New York, a constant source of China buzz, not to mention making Jack Ma China’s richest man, Alibaba’s market cap soared as high as $250 billion, making it one…
Just about every day for weeks now, I’ve been thinking, “CIB sure looks like a huge topping pattern; I should short it, but it’s already gone down so much.” But then it would just keep sinking. So I finally threw my hands up and decided that the enormity of the pattern would take care of…
Take a breath. Investors’ risk appetite may not yet be piqued. Gold’s enjoying a bit of a bounce now. That is, if you consider the slowing of a price skid through $1,200 a bounce. Despite a strong U.S. dollar, there’s been a bit of safe haven bullion buying lately and that’s caught the attention of…
As predicted over the last few months, the NASDAQ (QQQ) composite Index topped the 5,000 mark yesterday, the first time in 15 years. The index last touched 5000 in March of 2000, at the very top of the dotcom hysteria and right before the index crashed around 80 percent to a nadir of 1108.49 in…
AutoZone, Inc. (AZO – Analyst Report) reported a 15.6% rise in earnings per share to $6.51 for the second quarter of fiscal 2015 (ended Feb 14, 2015) from $5.63 in the year-ago quarter. Earnings also surpassed the Zacks Consensus Estimate of $6.37. Net income went up 9.8% to $211.7 million from $192.8 million in the year-ago quarter. Autozone…
Source: Wikimedia Dear Diary, Yesterday, the DOW (DIA) and the S&P 500 (SPY) hit new all-time highs. The NASDAQ (QQQ) pushed over 5,000 for the first time since March 2000. And gold (GLD) lost $7 an ounce. “Count no man happy until he be dead,” said Athenian statesman and poet Solon. The man to whom Solon…
For about the last year we have been blogging about the concept known as tiny houses. In that time interest has proliferated in terms of new websites devoted to the concept as well as at least four TV shows about tiny houses. The show Portlandia just had a bit making fun of tiny houses in…
