I plan to post a new entry very soon but before doing so I wanted to say a few things about the stock markets, which continue to be insane (but not unexpectedly so) and then repost a blog entry that is nearly five years old. By the time I published my latest (July 17) blog…
In case you are wondering what the meaning of “some” is—-don’t bother. It’s just the same old Fed ritual incantation, chanted in 2/2 “cut time”. That means there are only two beats to each of its monthly meeting measures—–employment and inflation. Like in the musical world, each beat is a half-note. But they might be better described as half-assed notes. The denizens of the Eccles…
Gold prices ended Thursday’s session down $7.87 as investors flocked to the greenback on expectations of tighter monetary policy in the United States. The U.S. Department of Commerce reported that gross domestic product expanded at an annual rate of 2.3% in the second quarter and first-quarter GDP was also revised up to 0.6% from an…
Following last night’s afternoon session plungefest (with ChiNext’s biggest drop in a month), as it appeared the government experimented with ‘free’ markets briefly, regulators have “asked” insurance companies to be “net sellers” of stocks going forward. With margin debt dropping for the 4th day in a row (to fresh 4-month lows), Markit noted that accusations of foreigners…
As we approach the moneth-end closing for July 2015, we have a minor monthly bearish reversal at 1155 followed by the key reversal at 1084. The Bullish stands at 1287 so without a closing above that level, then nothing has changed. Crude oil has a monthly bearish reversals at 5650 and 4667. We fell intraday…
Photo Credit: Dana || They charge more for “Arrest me red” too! This should be a relatively quick note on personal lines insurance. I’m writing this after reading the piece in this month’s Consumer Reports on Auto Insurance. I agree with most of it. For those that are short on time, my basic advice is this: bid…
The Chart of the Day belongs to INC Research (NASDAQ:INCR). I found the medical services stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the stocks. Since the Trend Spotter signaled a buy on 7/29 the stock gained 10.33%. INC Research Holdings, Inc. is…
Investors were treated to the news this month that PayPal Holdings Inc (PYPL) would be spun off from Ebay Inc (EBAY) to create a massive $45 billion stand alone company. The fervor surrounding the successful IPO, alongside a valuation surpassing its parent company, makes for an interesting investment case. While some may choose to own the stock directly, others…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 5 = 17,745 SPX + .06 = 2108 NAS + 17 = 5128 10 YR YLD – .01 = 2.27% OIL – .27 = 48.35 GOLD – 8.40 = 1089.30 SILV – .08 = 14.83 Gross domestic product rose at a 2.3% annual…
UBS has been keen to warn investors about just how perilous the situation in high yield has become – which works out nicely, because we’ve been saying precisely the same thing ever since it became readily apparent that between investors’ hunt for yield and energy producers’ desire to take advantage of low rates and forgiving capital markets…
