Groupon (GRPN) and Pandora Media Inc. (P) released their latest quarterly earnings reports after closing bell tonight. Groupon posted adjusted earnings of 4 cents per share, compared to the expectation of breakeven, on revenue of $917.2 million, against the consensus of $854.9 million. Pandora reported adjusted earnings of 4 cents per share, against the consensus…
Doctors of Doctrine In the wake of the great crash of 2008 a lot of young people suddenly became interested in finance and signed up for university courses to learn about the detail of what went wrong. Instead, what they got was a load of nonsense dressed up as learning that bore little relation to…
A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for…
The Dow Jones Industrial Average (DJI) closed at 15,660 today (six points below the last secondary low). DJIA is now confirming the long term down trend with the Dow Jones Transportation Average (DJT). With both indexes below their previous secondary lows we’re officially in a Dow Theory bear market. The expectation is that both indexes…
There’s no shortage of good material from you folks. The comment boards are lighting up, and no surprise given the explosive reports I’ve filed for you in the past week on the European banking crisis, the Deutsche Bank bomb, and an official Super Crash warning. In particular, I’m getting a lot of questions right now…
Stocks swooned again in the morning, and caught algo-driven dead cat bounce, lacking somewhat in conviction of volumes, in the afternoon. Stocks globally are in a bear trend, and I do not think we have seen the bottom of this yet, although we are probably closer to that than we are to the beginnings of…
It’s been a wild month, and a busy one. It’s convention season in Vancouver and elsewhere. I’m finishing this issue at conference number four for me in the past 10 days. That will be it for a month though so things should get back on track. This is a long double issue. I’d recommend a…
What Does the Current Stock Market Plunge Tell Lenders? The global stock markets have been on a vicious decline since the turn of the year. This comes following several indicators which suggested that the rally in the financial markets between the late 2014 and 2015, and especially in the US, was premature and probably driven…
At a meeting with Congress on Wednesday, U.S. Federal Reserve Chairwoman Janet Yellen reiterated the Fed’s plan to raise interest rates in the months ahead. But her words seemed to come with a hint of doubt… Yellen discussed several concerns about the economy that could make the Federal Reserve hesitate on the timing of rate hikes. Yellen…
The fuse has been lit. The world economy is in serious trouble and we have the worst possible people at the helm. You have Obama who wants to double the funding for the SEC and CFTC to go after the banks because he smells blood. He also wants to add a $10 tax to oil…
