We had a very light and shallow sell-off last week, and sometimes that is as good as you will get in a monster rally like we are in. When the bears have every opportunity to kill a rally and pull the market back some and they fail to do so, that isn’t the time to double down…
Worries over the global economic outlook, along with volatile oil prices and commodities rout, have led investors to dump riskier stocks and scurry toward safe-haven assets, such as gold and government bonds. While the U.S. economy with its moderate growth expectations amid the global mayhem offers an attractive investment opportunity, the global concerns have spread…
<< Read More: 2007 All Over Again? Let Us Count The Ways (And Remember What Happened Then) – Part 1 << Read More: 2007 All Over Again? Mega-Merger Edition – Part 2 <<Read more: 2007 All Over Again: Banks Starting To Implode – Part 3 In that deservedly-famous 2006 CNBC debate between Peter Schiff and economist Arthur Laffer (in…
Global stocks and commodities are rallying today (Wednesday) following the U.S.Federal Reserve interest rate announcement from Chair Janet Yellen yesterday. Yellen was extremely dovish in yesterday’s Federal Reserve interest rate statement, saying the central bank needs to remain cautious when hiking rates this year. The Fed has also cut the number of rate hikes it plans to hold…
Well, that escalated quickly… Gold is clinging to unch, bonds are down, and now crude has crashed back into the red post-Yellen… Only stocks remain positive – which makes perfect sense given Yellen’s implied downgrade of every positive economic indicator (and the 22.5x GAAP P/E).
123RF On the 4th of March, Eric Chemi announced on CNBC that Facebook (NASDAQ:FB) is now among the top 20 most widely held stocks. This is the first time that Facebook has made it on the top 20 list of the most held stocks among institutional equity investors. Facebook surged from a ranking of 23rd in September…
Pfizer (PFE) and Allergan (AGN) announced that the companies have received a request for additional information from the U.S. Federal Trade Commission with respect to their previously announced pending combination. The request for information from the FTC, often referred to as a “second request,” was fully anticipated as part of the regulatory process under the…
When former Dallas Fed President Richard Fisher stepped down last March after a decade in that role, the New York Times (of course) wrote his professional obituary under the headline Richard Fisher, Often Wrong But Seldom Boring. Fisher had apparently viewed his own philosophical root and career at the Fed as something of an updated Paul…
Organizations and their leaders often find themselves caught in “trust and ethics traps.” Jes Staley the newly appointed American CEO of the beleaguered British Barclays Bank is one such leader. In fact, as he recently announced in this BBC News Article “I do believe that trust is returning to our institution. But we will never rest, we…
