You’ve heard the stories of Bernie Madoff and how his victims lost all of the wealth they worked so hard to accumulate. You wonder how people could fall for his Ponzi scheme. But the sad truth is that it is very easy to fall prey to a Ponzi scheme. The reason for this is because of greed….
On Sunday night, Angela Merkel failed to build a coalition government. What does it mean for the gold market? It turns out that the Free Democrats surprisingly pulled out of negotiations about forming a new government in Germany. The free-market party cited irreconcilable differences between them and its potential partners. The parties could not overcome…
Dollar Tree Inc. (DLTR – Free Report) posted third-quarter fiscal 2017 results, wherein both the earnings and sales topped estimates and improved year over year. Further, management raised outlook for fiscal 2017 and provided a solid view for the fiscal fourth quarter. The company’s shares are up about 2.4% in the pre-market trading session following the better-than-expected results….
Deutsche Bank analyst John Inch believes General Electric should trade at a valuation discount given its “still aggressive” accounting, cash flow and debt pressures, and the potential for additional lawsuits. The analyst remains surprised by management’s “upbeat tone/pitch.” GE continues to call 2018 a “reset” and “trough” year even though billions of dollars of cost…
We’ve been following the setups on both sides of EUR/USD of late, and a very similar type of stance can be taken on DXY as a representation of the U.S. Dollar. The Dollar started a rather aggressive top-side run in 2014 that eventually set a fresh 14-year high in January of this year. But after that high was…
Today’s Wall Street Journal shows that large-cap technology stocks are priced as if economic and earnings growth will continue for the significant future. However, this late in the cycle, the probability of a hiccup increases, making share prices vulnerable. The article focusing on tech shares makes for uncomfortable reading even if most of the tech names…
Well, it’s official. According to Ned Davis Research, this is now the longest period in history without the S&P 500 experiencing a correction of 3% or more. For those of you keeping score at home, NDR tells us that as of Monday’s close, it has now been 262 market days since the last time the…
Sales of second-hand homes are on the up, hitting an annualized level of 5.48 million in October, better than 5.42 million expected and 5.37 million beforehand. The rise is accompanied by another interesting fact: the level of inventories is at its lowest since 1999 – yes before the previous crisis and also 18 years ago….
Although verification of the last week breakdown under important resistance line pushed black gold under $56, oil bulls didn’t give up and triggered a pullback. What does it mean for light crude? Will the relationship between crude oil and oil stocks give us more clues about future moves? Crude Oil’s Technical Picture Before we try…
All eight indexes on our world watch list have posted gains for 2017 through November 20. The top performer thus far is Hong Kong’s Hang Seng with a gain of 33.0%, followed by India’s BSE SENSEX at 25.43%. In third is Tokyo’s Nikkei with 16.47%. The Last Four Weeks The tables below provide a concise…
