Out of the 12 companies that comprised the original Dow Jones Industrial Average, launched in 1896, General Electric (NYSE:GE) remains the only one still in the lineup. Founded by Thomas Edison in 1892, the 123-year-old company has proven its survival skills through superior managerial skills and innovation despite economic meltdowns. Yet, Wall Street and investors…
Out of the 12 companies that comprised the original Dow Jones Industrial Average, launched in 1896, General Electric (NYSE:GE) remains the only one still in the lineup. Founded by Thomas Edison in 1892, the 123-year-old company has proven its survival skills through superior managerial skills and innovation despite economic meltdowns. Yet, Wall Street and investors…
A fine example of a stock I would never, ever short, no matter what the fundamentals say.
Yahoo Finance says Whoa! Homebuilders Feeling Happiest in 10 Years. I am not sure they are the “happiest” in 10 years, but they are the most confident. Sentiment jumped 3 points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive sentiment….
What is the value of education for household income? The Census Bureau’s annual survey data for 2014 published last month gives us some interesting insights into this question. The median income for all households with a householder age 25 and older was $55,283. The chart below shows the median annual household income for nine cohorts…
Market Overview (… This should be enough to generate a period of consolidation, at a minimum.) After reaching its initial target of 2020/2022, SPX underwent a minor correction down to 1990 where it found good support and began to rally. This suggested that it was going to try for the “extreme” count of 2040. By…
123rf Coca Cola (NYSE:KO) will release its third quarter numbers before the market opens on Wednesday, 21st October, and investors are waiting in anticipation. I just think this company has been battling against some adverse trends recently (which I believe are temporary) and I am convinced these underlying trends (which we will discuss in this preview) will abate in the…
EU Session Bullet Report Another start of the week with key news to be released from over the world. Overnight in Asia Chinese data where not shockingly off expectations. GDP growth slowed to 6.9% slightly below 7% which is the government’s target. Industrial production slowed to 5.7% compared to 5.4% which was at the time…
Barclays (LON:BARC) will be focusing its attention on the most financially viable components of its operations, notably New York and London. This news comes as a new Chief Executive Officer has been selected to head the financial institution – James Staley. The new CEO has been described as economically rational by those closest to him, and his…
The one-month-ish Treasury Bills that mature November 18th are collapsing. Following comments this morning by Treasury Secretary Jack Lew that the US will run out of cash on November 3rd and his warning of a “terrible” debt limit accident, the 11/18/15 T-Bills have seen yields explode from -1bp to 7bps – an unprecedented 8bps spike as…
