On December 16th, 1773 the Sons of Liberty in Boston, in protest of the Tea Act, destroyed an entire shipment of tea sent by the East India Company, in a political protest referred to as the Boston Tea Party. Following the Wall Street bail-outs in 2009, a political movement also protesting their lack of representation…
Last week, I touched on the Federal Reserve’s Labor Market Conditions Index (LMCI) which has shown signs of weakness as of late. To wit: “Unfortunately for the Federal Reserve, the index has not supported the Fed’s claims that employment is growing at a rate strong enough to withstand a tightening of monetary policy. In fact,…
Talking Points: Gold Technical Strategy: Flat, long setup identified Gold has ratcheted up to a new near-term high, and could offer top-side potential for trend resumption plays. The longer-term bearish channel currently projects to $1,240, and this could offer a top-end profit target for shorter-term long positions. In our last article, we looked at the vigorous…
Back in September, DeVry Education Group (DV – Analyst Report) presented its first Investor Day since 2009. The company unveiled a new 5-year plan that has met with disappointment by some analysts. In particular, EPS estimates have continued moving downwards since the company revealed a bleak preliminary enrollment outlook for the September session. These downward estimate revisions pushed this…
(Photo Credit: ChrisDag) After today’s closing bell, IBM will report its earnings for the fiscal quarter ending September 2015. Wall Street is predicting FQ3’15 EPS to come in at $3.33, having underestimated EPS every quarter 6 of the last 8 quarters. The Estimize consensus is set slightly higher, projecting an EPS of $3.38 Investors are expecting to see…
Two of the primary drivers in the gold market are: Armageddon, economic, and systemic fear Fear of future inflation/paper currencies Gold is typically a leader or active participant during bull markets in stocks that feature leverage and rising/positive inflation. For example, gold completed the three steps for a bullish trend change relative to stocks in 2000. 2015:…
Not so long ago, a bank was by definition a business that took deposits from customers, paid them for the use of their money, and lent the cash to other customers at a profit. But that’s not how it works anymore: Big banks to big American companies: We don’t want your cash (MarketWatch) – State…
Several weeks ago, we observed that in the aftermath of the volatility surge in the late summer, NYSE short interest had soared to what was essentially the highest level on record, rising above 18.3 billion shares matching with the level reached just before the great financial crisis was unleashed in 2008. We said there are two ways…
Repligen (RGEN – Snapshot Report) is a $900 million “biotech” company, without the drugs. They are to the Biopharma industry as Home Depot is to home builders, supplying major life sciences companies with the products and tools needed for the development and manufacturing of biological drugs. Repligen is a leading manufacturer of Protein A, a critical reagent used…
Gold and silver markets enter this week on improved technical footing. The precious metals each rallied above resistance levels last week as disappointing economic data stimulated safe-haven buying. Silver cleared the $16.00 level, while gold poked above its 200-day moving average for the first time in five months on Wednesday. And prices closed Friday right…
