What could possibly go wrong in a cashless, negative interest rate, ponzi real estate society? We can use Sweden as a potential example since Sweden is closest to a cashless society. Is this a conspiracy by the elite? Finance economist Kevin Erdmann says the economy and real estate are randomly determined. See his quote at…
The end of the year is here again, and 2015 looks like it is giving the average investor the opportunity to do what he does best: shoot himself in the foot. And it’s the retired person who is the hardest hit. The returns for the exchange-traded funds (ETFs) listed below tell the whole story: This…
As the Fed prepares to raise rates for the first time since 2007, the corporate high yield debt market, aka the junk bond market, is in serious crisis mode. The talking heads on TV say that everything is fine if you exclude energy but this is eerily similar to them saying that the S&P is…
As the Fed prepares to raise rates for the first time since 2007, the corporate high yield debt market, aka the junk bond market, is in serious crisis mode. The talking heads on TV say that everything is fine if you exclude energy but this is eerily similar to them saying that the S&P is…
As indicated Friday markets were short-term much oversold making a rally likely as per the trusty $NYMO (McClellan Oscillator—see below). But even though headline indexes closed higher breadth remained negative and the NYMO added to the oversold conditions. Some of the power barkers were out campaigning for a rally as well. The ECB’s Mario Draghi…
Any ideas about junk bonds outperforming because of the booming economy confirmed by a monetary policy rate hike has been killed and buried. Conventionally, it was assumed that interest rates are not the primary “risk” parameter for high yield corporates of all flavors, and that is correct. Junk issues and lower tier obligors are creatures…
Over the past 15 years, Yahoo (YHOO) has lost nearly 70% of its peak value (and this is taking into account its utterly and completely lucky gains from Alibaba (BABA)). During those fifteen years – – and let’s remember, on the day of Yahoo’s price peak, Mark Zuckerberg was a 15 year-old high school student –…
The Chart of the Day belongs to Caseys General Stores (NASDAQ: CASY).. I found the retail convenience store stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last month, then again for technical buy signals of 80% or better. I then use the Flipchart feature to review the charts. Since…
The early selling wasn’t able to force prices lower and bulls were able to stage a recovery by lunch time which accelerated into the close. Large Caps and Tech are well placed for a rally in the near term, but the Russell 2000 didn’t make the cut. When the S&P gets back to (converging) 50-day…
The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety. Start with the fact that the middle class is shrinking, according to a new Pew survey. The odds of falling into poverty are…
