“Growth is never by mere chance; it is the result of forces working together.” – J.C. Penney “Strength and growth come only through continuous effort and struggle.” – Napoleon Hill “We’re lost, but we’re making good time.” – Yogi Berra, 1925-2015, RIP (For a most moving and memory-laden tribute to Yogi, see The Lefsetz Letter.) The Yogi Berra…
I have a long technical article that I plan to study and improve when I am invited to visit the Stockholm School of Economics for the purpose of giving the kind of brilliant lecture on nuclear energy and nuclear economics that they both need and deserve. Whether the algebra involved is digested by my audience…
(Photo Credit: Nicole Yeary) This week marks the beginning of the third quarter earnings season and expectations leave much to be desired. According to Estimize data, the S&P 500 is anticipated to post negative YoY EPS growth of 2.2%, with revenues pegged to come in at -1.7%. As always, it is still early, and estimates will…
IBM announced a research breakthrough in carbon nanotube electronics for post-silicon electronics. Carbon nanotubes are one of the most promising replacements for silicon and could keep electronics and computing on Moore’s Law. IBM needs new computer systems that stay on Moore’s Law of exponentially increasing performance to support its push to next-generation applications. The research…
US Session Bullet Report The EUR did not manage to advance further despite early indications that USD was under pressure. The pair was sold off at 1.1280 area and is trading just shy of 1.12 now. On the contrary GBPUSD is trading at session lows (1.5160) following disappointing PMI numbers. The BoE meets on Thursday…
At first Aclaris [Nasdaq: ACRS] didn’t catch my eye. The phrase “concentrated hydrogen peroxide” sounded too simple to offer any sustainable competitive advantage. However a favorable mention from the famous “Dr. KSS” who knows his biotechnology made me take a closer look. What I see is a fairly low-risk to treat a very common skin condition (Seborrheic…
Here’s my theoretical question for the day: Why are mules stubborn, and why can’t blind jackasses see? I ask that question in regards to a few recent news articles. One is on Japan, one the US, and one on emerging markets with various overlaps in between. Let’s start with Japan. Brink of “Technical” Recession The…
China continues to increase its central bank gold holdings, and other countries are following suit. The world’s largest bullion consumer upped its stash of the precious metal another 1% in August. Bloomberg reports the hoard rose to 54.45 million troy ounces in August from 53.93 million ounces a month earlier, according to data released by the People’s Bank…
Virtu Financial – (NASDAQ:VIRT) – Sell or Short Recommendation – PT $21.25 October 13, 2015 ends the 180-day lockup period on Virtu Financial Inc. . With the conclusion of the lockup period, the company’s pre-IPO shareholders will have an opportunity to sell their own shares totaling over 15 million units, roughly equal the shares trading on the…
Below is a quick view of indices in the states this morning. Click on the picture to enlarge As you can see, each remains inside of 4-5 year rising channels and each created a potential bullish reversal pattern (bullish wick) this past week, at/near support levels. With our 125/5 indicator sending us a signal for the…
