PARIS – We spent a pleasant weekend back in the old country – Ireland. It rained almost the whole time. But life in the pubs was bright and cheery. We are renovating a handsome, but derelict, old mansion in County Waterford on the southeast coast. It will be our new European headquarters. New headquarters…
Though we’re on opposite sides of the Kinder Morgan (KMI) tug of war, I find that the editors of Barron’s and myself tend to sing from the same songbook. We both tend to be contrarian value investors who ignore hype—often to our own detriment. Had I bought the hype and piled into bubbly momentum names like Facebook (FB), Amazon (AMZN) and Netflix (NFLX) this year, I’d be a…
During the session on Tuesday, we have CPI and PPI numbers coming out of China, which of course can have a great influence on global appetite and risk assets. Because of this, the market could very well be volatile late in the session, but earlier we have estimated GDP coming out of the United Kingdom,…
I have been a rabid Gilead GILD bull for some time now, but when the facts change so does my thesis. My previous article stated that the Wyden-Grassley report could punish Gilead; it apparently got longs’ dander up. Seeking Alpha author Brad Kenagy also took issue with my sell thesis. Below is my response to…
Of the many economic policies that are accepted as true yet are absolute nonsense, perhaps none is more achingly nonsensical than the notion that weakening a nation’s currency will magically make that nation prosperous. Like the equally nonsensical Keynesian Cargo Cult’s misplaced obsession with “aggregate demand” driving “growth,” the idea that devaluing one’s money makes…
We would be remiss not to mention Pearl Harbor, “A day that will live in infamy”. Both seem appropriate, one for humor, and the other great sadness. The bottom line—volatility is making a hash of portfolios. Is this a fine mess to launch for the seasonal Santa Claus Rally? So far it’s just a lump…
Next week, the Fed FOMC meeting will conclude with a decision regarding interest rates. If Janet Yellen and Stanley Fischer have their way, the Fed will move swiftly to hike the interest rate from its current level of 0.25%. The consensus forecast for the Fed Interest Rate Decision is 0.5%. The interest rate decision will be announced at 7…
Today Bluebird Bio (BLUE) tanked 37% after reporting trial data that left many analysts and investors mixed on sentiment. The new trial data was presented at the American Society of Hematology — ASH. In this ASH conference many biotech companies come together to present potentially promising data from trials for blood diseases. The trial data…
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0.7320 level comes in…
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0.7320 level comes in…
