By Pam Martens and Russ Martens: August 4, 2015 The Dodd-Frank financial reform legislation just celebrated its fifth anniversary on July 21 and the gaping holes it left in the promise to protect our nation from another systemic financial crash are becoming clearer every day. No other agency has done more to highlight these…
The economy added 215,000 net new jobs in July. The unemployment rate was unchanged at 5.3%, the lowest level in 7 years. The May and June reports were revised slightly higher, employers added 6,000 more jobs in May and 8,000 more in June than previously estimated. The U.S. has added an average of 235,000 jobs a…
Novo Nordisk’s NVO net income during the second quarter of 2015 increased to DKK8.3 billion, up 19.3% from the year-ago period. Total revenue grew 8% to DKK27.1 billion driven by sales growth in North America (10%) and International Operations (23%). However, sales in China decreased 6% due to a negative impact from timing of shipments to distributors…
It looks like it is time for Warren to get on the Obamaphone and make it clear this is unacceptable… Berkshire Hathaway announced (a 10% decline) $2,367 (Adjusted) EPS, missing estimates of $3,038 by 22.09% – the biggest disappointment since Nov 2008… Worst still, Net income for the Omaha, Nebraska-based insurance and investment company fell…
Long-term mutual funds saw weakness in asset flows, a report notes, as asset outflows occurred across the board with the exception of domestic taxable fixed income funds. Mutual funds with interest rate exposure particularly hit Driven by emerging market exposure, international equity-based mutual funds were hit by asset outflows for the first time in six…
“Global Warming is a total and very expensive hoax.” Source:Donald J. Trump, 6 December 2013 Here’s some data: Global surface anomaly, year-to-date (June): Source: NOAA If one dismisses the Donald J. Trump, 6 December 2013 (I guess he saw one too many Frankenheimer movies), then perhaps we pay attention to what econometric models suggest. Here’s…
The Chart of the Day belongs to US Concrete (USCR). Since the Trend Spotter signaled a buy on 7/13 the stock gained 32.38%. U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products;…
“People are shooting first and asking questions later…this indiscriminate selling, to me, is just nuts,” exclaims one billion-dollar AUM hedge fund CIO as media stocks faced a bloodbath this week. Small (illiquid) doors and large crowds do not mix well as Bloomberg reports, hedge funds own an average 9.7% of the 15 companies in the S&P Media Index –…
Video Length: 00:03:31 I don’t know if it was the Beverly Hill Billies marathon I watched last night or the beard oil I rubbed in this morning to give this manly mane of mine a little kiss of Chuck Norris majesty, but I’ve got oil on the brain today. Hash tag, beard game strong. So…
I covered a leveraged short in Small Caps, though I maintain a straight out short on SPY, which I have been holding for maybe a couple months now. I even bought a few things that I trust relative to the speculative stuff that is getting beaten to a pulp. These Hammer candles, unlike the things…
