Oils well that ends well for sure; however there’s no substantial indication of a ‘deal’ between OPEC members to cut production levels. Nevertheless, and I’ll add in-spite of the Wall Street Journal retracting the report of a ‘deal’, issued at the exact moment the DJIA started going to a new sub-400 point decline low; at…
Things are getting very, very, very interesting in Japan. Dow Jones is reporting this evening that a close adviser to Japanese Prime Minister Abe has said that the Bank of Japan may call an emergency meeting if market conditions continue to deteriorate and financial turbulence continues. Two things he mentioned in particular. ONE [ and…
When markets move from bullish to bearish suddenly troubling conditions previously brushed-off by investors suddenly appear like snow melting over them—drip, drip, drip. This is what’s occurring now as central banks’ Keynesian experiments desperately expand; the Mideast refugee crisis grows; violence surrounding illegal aliens in Europe and the U.S. becomes apparent as citizens see their…
Select Comfort (SCSS – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.01 per share (after excluding $0.43 for nonrecurring items) and revenue of $214.7 million. Currently, SCSS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key…
The last hurrah of central banks is the negative interest rate policy–NIRP. The basic idea of NIRP is to punish savers so severely that households and businesses will be compelled to go blow whatever money they have on something–what the money is squandered on is of no importance to central banks. All that matters is that…
Yesterday the Congressional Budget Office (CBO) corrected an error that it made in projecting the share of earnings that will be replaced by Social Security for those nearing retirement. In a report published last fall, CBO projected that for people born in the 1960s, the annual Social Security benefit for those retiring at age 65, would be 60 percent…
How Did the Stock Market Do Today? Dow Jones: 15,660.18; -254.56; -1.60% S&P 500: 1,829.08; -22.78; -1.23% Nasdaq: 4,266.84; -16.76; -0.39% The Dow Jones Industrial Average today (Thursday) lost more than 254 points thanks to another broad sell-off and concerns about global economic growth. Shares of Boeing Co. (NYSE: BA) fell 6.8% after regulators announced they are looking into the company’s accounting practices. The stock’s…
EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its…
Those looking for clear recession signals in Canada and Australia have them. Portions of the Canadian and Australian yield curves are now inverted. Canada has been in a state of inversion for at least four weeks. Canadian Yield Curve In Canada, the entire t-Bill portion of the curve from 1-month to 1-year is inverted with…
FireEye Inc. (FEYE – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.73 per share and revenue of $184.8 million. Currently, FEYE has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report…
