On Tuesday, Carl Icahn reiterated his feelings about the interplay between low interest rates, HY credit, and ETFs. The self-feeding dynamic that Icahn described earlier this year and outlined again today in a new video entitled “Danger Ahead” is something we’ve spent an extraordinary amount of time delineating over the last nine or so months. Icahn sums…
I’m not going to lie to you, it’s very hard to sit up here and choose a “Bull of the Day” when it seems like it’s hitting the fan from every direction right now. First it was energy, then China, then biotech, now healthcare. There seems to be nowhere to hide in this market right…
“I’ve got a message for your friend Jim Cramer. The Fed cannot permanently raise stock prices. And to have him cheerleading for lower rates 24 hours a day is, I think, unsavory.” —James Bullard, St. Louis Federal Reserve President Watch these two video clips: Clip #1 is a 41-second video clip of James Bullard, president…
The American Trucking Associations’ (ATA) trucking index decreased 0.9% following an upwardly revised increase of 3.1 % in July. From ATA Chief Economist Bob Costello: After such a robust July, it is not too surprising that tonnage took a breather in August. The dip after a strong gain goes with the up and down pattern…
The Chart of the Day is Digi International (NASDAQ:DGII). I found the communications equipment stock by using Barchart to sort the Russell 3000 Index stocks for stocks with technical buy signals of 80% or better and a Weighted Alpha of over 50.00+. Since the Trend Spotter signaled a buy on 8/31 the stock gained 12.01%. Digi International Inc. is a worldwide…
Over the past few years three things have ‘worked’ – Buybacks, Biotechs, and Buying IPOs. Those days are now over… We discussed IPOs recently… this is the worst year since Lehman… Biotechs have imploded… * * * But, by far the most important of all was the low-cost financing of float-reduction (buying back shares…
A few years ago Warren Buffett was interviewed on CNBC. The interviewer asked him: “Where do you think gold will be trading five years from now?” His answer showed an ongoing dislike for gold as he replied: “I have no views as to where it will be, but the one thing I can tell you…
When I’m looking for a stock to be my “Bear of the Day” I look for weak stocks in a weak industry. So you see it’s easy for me to look at a Zacks Rank #5 (Strong Sell) in an industry that ranks in the bottom 18% of the 265 industries we rank with our…
Introduction Tsipras won the election, guaranteeing at least be some continuity in negotiations with other Eurozone countries going forward. But it will be far from “smooth sailing.” This article highlights the problems and argues that the only lasting solution for Greece is to leave the Eurozone. A Quick Review The first bailout program for Greece…
Despair, in short, seeks its own environment as surely as water finds its own level. A. Alvarez Lately one naysayer after another, some of which actually like to call themselves experts are all marching to the same drumbeat. The Chinese economy is trouble and that the Chinese markets are going to continue crashing. Granted the…
