Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW -117 = 17,730 SPX – 14 = 2077 NAS – 40 = 5101 10 YR YLD – .07 = 2.20% OIL – 2.37 = 37.60 GOLD – 15.10 = 1072.20 Crude prices fell again in the first trading session after OPEC said over the weekend…
This morning, Green Mountain Coffee (GMCR) announced that they’re being acquired for $92/share in cash. Amazingly, their CEO, Brian Kelley, filed a form 4 on Friday evening referencing some trades from Thursday Dec 3rd. Ignore the cutesy “33 Coffee Ln” address…What we want to focus on is the details (click to enlarge, or click the link): Kelley, like…
by Robert Huebscher, AdvisorPerspectives.com Financial pundits routinely claim that inflation is much higher than the reported statistics. We hear, for example, that food prices have risen much faster than the roughly 1.5% increase in the consumer price index (CPI) over the past several years. Viewed over the longer term, however, inflation is far lower than reflected in the published data….
Asia saw a mixed session with prices marginally lower but not too much to write home about. It was not until Europe opened did we start to see a pick-up in volatility providing dealers with something to talk about. The oil and energies market provided the discussion point with TWI, Brent and Nat-Gas all falling…
“Davidson” submits: One of the often mentioned ‘negatives’ is that of the perception of weak hourly wage growth. But is it that weak historically? Pessimism continues unrelenting. I thought it would have shifted at least a little towards optimism by now. Yet we continue to hear a fairly strong disappointment with wage growth. What many…
I am late putting up a post tonight, because I attended an absolutely amazing lecture by Jaron Lanier on the Stanford campus. I’ve known about Jaron’s work since I first got into computers 35 years ago, but I had never heard him speak. He’s a straight-up genius. It was just an amazing talk that touched on politics,…
Stock Futures Today Futures for the Dow Jones Industrial Average today (Monday) were down nine points ahead of a busy week of economic data that includes an update on inflation, November retail sales, and consumer sentiment. These major economic data points will continue to provide insight into the FOMC meeting on Dec. 15-16. On Friday, the surged more than 369…
While some are shocked that China may have “used” a huge amount of “reserves” in November, that is only because so many myths and anachronisms continue to abound in the mainstream and beyond. Any conversation about forex in the context of central banks and national government agencies is one that still views money from a…
The Stocks One Considers Contrary to what many believe, examining a stock and deciding whether to be bullish or bearish is not a major determinant of investment success. No matter what one does, it’s hard for even the best of the best to have a success-failure rate that’s consistently much above 50-50 (we all have…
Global equity markets, as measured by the MSCI Developed World index, are above the lows hit in early October but remain on a downtrend that began after markets peaked at the end of May this year. As SocGen’s Andrew Lapthorne notes, the current level is now only just above where the index stood at the beginning of…
