I have not done a gold trade in yonks. That’s because it has been the asset class from hell for the past five years, dropping some 46% from its 2011 $1,927 high. However, we are now in a brave new, and scarier world. Given the extreme volatility of financial markets in recent months, all of…
Photo Credit: wdecora (Flickr) After the 4Q15 release and conference call, Netflix ($107.89/share) remains in the Danger Zone, and we are sticking with our Dangerous rating. We consider the focus on international subscriber growth as a purposeful distraction from a failing business and dangerously overvalued stock. Per our 4Q15 Preview Report, four major challenges to Netflix’s…
Led by a broad-based collapse in financial stocks, European markets extended and accelerated their plunge today. Thanks to the increased systemic linkages enforced by The ECB, peripheral sovereign risk is spiking as their national banking systems crash. Every European nation is now in at least correction since the end of QE3. Europe crashed today… Led by utter carnage…
Housing starts, one of the presumed strengths in the economy, took a dive in December. The Econoday Consensus Estimate was for 1.200 million starts vs. the actual report of 1.14 Million. Housing starts and permits both fell back in December but follow large gains in November. Starts came in at an annualized 1.149 million rate in December…
