The US stock market continues to grind higher but is doing so with eroding market internals. As the market indexes rise we see fewer stocks moving up to support the move. It’s a matter of time before a large correction occurs. It seems everyone is calling for a market top, and many have done so for…
You go to the bank, deposit your paycheck and walk away thinking your money will remain safe and secure, ready for you to withdraw whenever the need arises. But as Greeks have discovered, that’s not necessarily the case. In the event of a crisis, you may not be able to access your money. According to a…
Physical Supply On Offer With a physical commodity like gold, as several others have pointed out, ‘supply’ is not how much there may be, since most of the gold that has ever mined is closely held in treasuries and private vaults, and is not on offer, available for purchase. That amount would also likely fit in a…
My core market health indicators weren’t impressed by this week’s rally. All of them fell in the face of a rising S&P 500 Index (SPX). This isn’t an encouraging trend. During the month of July as the market traded sideways in a 5% range my core indicator categories have broken down one after another. This…
My core market health indicators weren’t impressed by this week’s rally. All of them fell in the face of a rising S&P 500 Index (SPX). This isn’t an encouraging trend. During the month of July as the market traded sideways in a 5% range my core indicator categories have broken down one after another. This…
Chicago Eyes Bonds that Delay Repayments Chicago Mayor Rahm Emanuel has his eyes on raising money via Capital Appreciation Bonds. CABs saddle taxpayers with higher costs because they delay interest and principle payments until a final lump-sum payment at the end. CABs have fallen out of favor because of risk. Some cities and states have outlawed…
Honda Motor Co., Ltd. (HMC – Analyst Report) reported a 19.6% increase in earnings to ¥186.0 billion ($1.52 billion) or ¥103.22 (84 cents) per share in the first quarter (ended Jun 30, 2015) of fiscal 2016 from ¥155.6 billion ($1.53 billion) or ¥86.34 (85 cents) per share in the year-ago quarter. Further, earnings per share comfortably surpassed the…
“Our Favorite Holding Period is Forever” – Warren Buffett I love this quote from Buffett – it represents a philosophy that’s a world apart from the frenetic behavior of Wall Street. But many people confuse the meaning behind it. They get upset when they see Buffett selling down, claiming he’s not following his own advice….
After last week’s surge in total rig count, this week saw a modest 2 rig drop to 874 total rigs. However, oil rigs rose once again – up 5 to 664 rigs. This is the highest since May 8th. The last 5 weeks have seen a 36 rig rise – the biggest such rise since April 2014….
With the domestic economy recovering slowly but steadily and interest rates expected to remain low in near future, the overall backdrop for US stocks remains positive. But as the bull market approaches its seven year anniversary, the easy money in stocks has already been made. Global growth worries, lackluster earnings, valuation concerns, China stock market…
