Central banks making waves During the session on Thursday, we have announcements coming out of the Federal Reserve which of course will give us an idea as to what they thought of during the last meeting. The FOMC Meeting Minutes isn’t an announcement that is quantifiable, just that the markets will get a general “feel”…
The Chart of the Day belongs to J2 Global Communications (NASDAQ:JCOM). I found the Internet software stock by using Barchart to sort the Russell 3000 Index stocks for the ones having technical buy signals of higher than 80% and then again for a Weighted Alpha of better than 50.00+. Since the Trend Spotter signaled a buy on 10/5 the stock gained…
I was thinking of making this post a video, but I recognize that the problem with videos is that you actually have to watch the damned thing. Text and pictures are more accessible. So, here we are. October has, in the five trading days we’ve experienced so far, been a big disappointment for me. I…
What gold and silver investors want to know above all is when the bull market will resume. In a very real sense, it already has resumed. Futures market prices aside, evidence abounds that a raging bull market in physical precious metals is now underway. In the third quarter (ending September 30th), coin demand went through…
Amid numerous rumors that Deutsche Bank (DB) is among the corporations exposed to the VW (VLKAF) fiasco, and to be clear there is no news to confirm that, DB has just kitchen-sinked it in a pre-announcement: *DEUTSCHE BANK SEES 3Q NET LOSS EUR 6.2 BLN *DEUTSCHE BANK TO RECOMMEND DIVIDEND CUT OR POSSIBLE ELIMINATION Deutsche…
Jim Cramer, the stock guru of CNBC, had this to say about Yum Brands (YUM) on August 13, 2015 after bad news from China: Wall Street expectations jumped the gun on Yum Brands, but as share prices pulled back on disappointing July sales in China, now’s the time to buy the stock, CNBC’s Jim Cramer…
Warren Buffett once referred to derivatives as “financial weapons of mass destruction”, and it was inevitable that they would begin to wreak havoc on our financial system at some point. While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is bubbling just under…
“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.” John Kenneth Galbraith, The Great Crash of 1929 Gold was a bit weak today, while silver was holding on to the 16 handle extremely well. There were no deliveries at The Bucket Shop yesterday except…
By July of 2012, a wide range of indicators suggested that the U.S. economy was flirting with trouble. Job growth was decelerating. Business investment was deteriorating. Meanwhile, manufacturing via the ISM Manufacturing Survey (PMI) was flirting with contraction. Up until that moment in time, the Federal Reserve had already left rates at zero percent for…
Like many other midstream master limited partnerships (MLPs), Spectra Energy Partners (NYSE: SEP) saw its share price annihilated as the price of oil fell from $90 per barrel to the $40 range. This is a bit unfair, as midstream MLPs operate pipelines and storage facilities, and are generally not directly impacted by the price of oil. They’re…
