This week two companies had some very interesting things to say about their respective markets that have implications far beyond their individual niches. First, AP Moller-Maersk, owner of the largest container shipping company in the world, said it saw, “massive deterioration,” in its business last quarter, even, “worse than in 2008.” Next, Sotheby’s most recent London art auction…
Do you feel like there’s been no place to hide in 2016!? The S&P 500 is down 11%. Eight of its nine sectors are firmly in the red. And two-thirds of individual stocks have already slipped into a bear market. As the list of stocks hitting new lows grows by the day, the smell of fear in…
The outlook for the dollar in the week ahead is not about economic data or the FOMC and ECB minutes. It is about the stability of the global capital markets. Many are looking for an event or official action that will stop the rout that is of historic proportions to start the year. We too have been thinking…
A question on paying interest on excess reserves came up during Janet Yellen’s recent congressional testimony. Bloomberg writer Peter Coy offered this Q&A on a Fed Practice that Mystifies Congressmen. However, Coy blew many of the answers. Coy: Federal Reserve Chair Janet Yellen ran into a bipartisan buzzsaw today over why the Federal Reserve is paying…
The Charts Speak For Themselves Video Length: 00:31:31
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 313 = 15,973 SPX + 35 = 1864 NAS + 70 = 4337 10 Y + .10 = 1.75% OIL + 2.77 = 28.98 GOLD – 9.40 = 1238.00 The Nikkei Stock Average finished down 11% for the week, its biggest weekly percentage drop…
With the S&P 500 down 12.6% from its peak, its worth looking at what the numbers have to say. Markets tend to peak when valuations are expensive, and animal spirits high. They tend to bottom when valuations are cheap, and animal spirits low. However, markets tend to become cheap only when recession risk is perceived…
Investors need a strategy, be it value, growth, or income. My stock performance (as tracked from TradingIdea) centres around finding value. Bottom Fishing for Value now has over 400 followers. The Bottom Fishing for Value Ideas strategy returned 312.2% ROI. In the week, a sell call was issued for all the momentum stocks. VMWare (VMW), Splunk (SPLK), and RackSpace (RAX) will likely…
“The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. …
This is the Question on Everyone’s mind . Earlier this week we looked at the expanding triangle as a possible reversal pattern as it was testing the top rail with a breakout gap. The next two days saw the HUI decline back down to the top of the double bottom hump at 139 where it…
