“The government is the potent omnipresent teacher. For good or ill it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. To declare that the end justifies the means —…
Blue Buffalo Pet Products (BUFF) launched its IPO on Wednesday, with shares of the company becoming publicly traded on the NASDAQ Global Select Market. Results from its first day of trading were very positive, as the company’s stock climbed as high as $27.45 before eventually closing at a price of $27.20 per share, an increase…
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW – 68 = 17,851 SPX – 5 = 2114 NAS – 36 = 5171 10 YR YLD – .02 = 2.32% OIL – 1.62 = 49.24 GOLD – 7.00 = 1095.00 SILV – .05 = 14.90 As of today, Wall Street will have to…
The number of bearish stocks on Twitter are approaching the level recorded at the January lows for the S&P 500 Index (SPX). They’re now above their readings of last October. This is unusual given SPX is near all time highs so it’s something you’ll want to track carefully over the next few weeks. If the…
The number of bearish stocks on Twitter are approaching the level recorded at the January lows for the S&P 500 Index (SPX). They’re now above their readings of last October. This is unusual given SPX is near all time highs so it’s something you’ll want to track carefully over the next few weeks. If the…
If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we…
There was some spill over from yesterday’s after hours disappointment in Apple (AAPL), but after a weak open, bulls were able to mount some challenge by close of business. However, today’s close was still below that of yesterday and registered as distribution. Hardest hit was the Semiconductor Index. It experienced a gap down, shedding 2.5%,…
Allow me to limber up while I pat myself on the back – – or at least pat technical analysis on the back – – because, earlier today, I was vaguely remembering I had written a post that said something like “oil producers are the new gold miners”. With oil producers plummeting so consistently, I…
The last two earnings reports for Apple Inc. (NASDAQ:AAPL) have been out of this world. In January, the tech company posted an $18 billion profit, its strongest quarter by far, thanks to the release of the iPhone 6 and iPhone 6 Plus. Apple followed up it up its second-best quarter in terms of profit, raking in $13.6 billion, an impressive 27.2% jump…
Shares of Xoma (XOMA) are trading down 77% at Wednesday’s close after reporting failed results of its phase 3 trial in patients with Behcet’s disease Uveitis — a rare eye disease. The phase 3 trial is known as the EYEGUARD-B trial run by a French Pharmaceutical company known as Servier. Patients in the study were…
