We are sure this data is entirely dependable but when continuing jobless claims spike over 6% last week and collapse almost 6% this week – and the labor department says there is nothing unusual – we hold our hands up and laugh. Continuing claims printed 2.37m (beating expectations), and initial claims dropped 6k to 289k (beating expectations)….
Thought people would find this of interest. This is not updated from September being the last observation. In 1999 when this bottomed West Texas Intermediate was under $12/bbl and gasoline was under $1/ gal.
by Erik McCurdy, Prometheus Market Insight Fueled by a historic amount of direct stimulus from the Federal Reserve, the cyclical bull market in stocks that began in 2009 accelerated into an unsustainable advance, creating a massive equity bubble and causing investment risk to increase to one of the three highest readings during the past 85 years….
The Russian ruble is in free fall and the Russian central bank had to raise interest rates to 17% to stop the crash in its tracks for now. Can you imagine what interest rates of 17% mean for the European or the American economy? There is a group of people, however, that have no problem…
Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Right at the top of the list was the REIT SL Green Realty (NYSE:SLG): Barchart technical indicators: 80% Barchart technical buy signals Trend…
Now that we have the FOMC hysterics, the Russia hysterics, crude oil hysterics and Greece hysterics (have I missed any?… oh yeh) put to bed for a moment, maybe we can get on with a seasonal period that could be relatively calm, allowing an over sold market to repair some of its hurt feelings. If…
EBay Inc. (NASDAQ:EBAY) is working to ensure its same-day delivery system works efficiently and reliably this holiday season. It recently announced that it is expanding its local pilot program in Brooklyn, with the addition of over 80 small businesses that will offer scheduled and same-day delivery, in addition to in-store pickup to local customers. The…
Here is the opening statement from the Department of Labor: In the week ending December 13, the advance figure for seasonally adjusted initial claims was 289,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 294,000 to 295,000. The 4-week moving average was 298,750,…
Summary An ETF’s expense ratio is misleading, in some ways, as it only relates a fund’s expenses to the size of its AUM. When trying to determine the true nature of the burden expenses place on a fund, it would seem desirable to relate them to the fund’s income. It would serve the transparency of…
The stock whisper of the day is: (GDX), (HAL), (SDRL), (RIG) . Video Length: 00:04:03
