Shares of struggling social media site Twitter (TWTR – Analyst Report) are down another 3.5% today, bringing the stock below all-time low levels. While some viewed the recent assignment of cofounder Jack Dorsey to the full-time CEO position would bring some much needed change to the company, it’s actually news about Dorsey that is helping…
Gold and silver had a continuation bounce from the lows last week into the big option expiry in stocks. The bullion deliveries at The Bucket Shop continue to be dominated by ‘house to house’ transactions. Otherwise it is all hot potato trades in synthetic gold, with silver still seeing some active movement in the warehouses….
It’s a little early, I suppose, to be doing any kind of “end-of-year wrap-up” kind of post, but frankly, I don’t have anything new to say about the market, and I might as well share the one semi-pithy reflection I’ve got about 2015 at the moment. My two errors this year actually contradict one another….
Over the weekend, Charles Schwab issued a “tool” for investment advisors to help them “feel good” about what is expected for 2016. With investors increasingly talking about risk, and stock market risk at that, there is a counter-rush to reassure. Some of that is expected in places like this, but increasingly the disparity between the…
Artist’s impression of Fed credibility… Since The Fed unleashed its rate-hike, things for the confidence-inspiring awesomeness have not gone well… Trannies were worst post-Fed, Small Caps best but they are all red… Stocks and bonds decoupled early in the overnight European session, then recoupled when Europe closed then stocks just went full retard into the…
The Skyscraper Indicator Strikes in Saudi Arabia In the recently published book “Austrian School for Investors”, one chapter inter alia discusses Dr. Mark Thornton’s “Skyscraper Indicator” in great detail. To this it should be mentioned that at the time the original German version of the book was written, crude oil was still trading above the $100 mark….
When I predicted the economic apocalypse would begin for the US this month, I said the stock market would rise euphorically after the Fed raised its interest target. Rise it did. Steeply, too. I also said it would fall shortly after. Fall it did. Quickly, too. Now I’m saying the Epocalypse is here. Just as I stated that “the rate at which the…
When I predicted the economic apocalypse would begin for the US this month, I said the stock market would rise euphorically after the Fed raised its interest target. Rise it did. Steeply, too. I also said it would fall shortly after. Fall it did. Quickly, too. Now I’m saying the Epocalypse is here. Just as I stated that “the rate at which the…
Spanish mainstream political parties are reeling from the unexpected rise of Podemos. The radical left anti-austerity, eurosceptic party was sinking rapidly in the polls with a mere 16% of the projected vote a week ahead of the election. Instead, Podemos received 21% of the actual vote. That was enough for third place, and nearly second….
As you may have heard, four Italian banks failed last week on bad investments, and the savers are being ‘bailed-in.’ Stocks managed a bounce today in quiet holiday trading. Have a pleasant evening.
