Ouch. That’s how I felt in 2008 when my portfolio was down 28.6%. The S&P was down 37% that year but I certainly didn’t care about having beaten the market. I’m supposed to be indifferent to how the market is doing and to take a long term focus. After all, that’s what I tell people…
Hot stocks of the day: MSFT, ARMH, GPRO Video length: 00:03:37
Video length: 00:1:59 The overall market attitude during the session on Wednesday will probably be dictated more by charts than anything else, as there isn’t too much in the way of economic announcements to move the markets. However, we do have a Crude Oil Inventory number coming out, so this could offer a bit of…
In his podcast released yesterday evening, Peter Schiff explains why the price of gold plunged on Sunday night. More importantly, he reminds investors why gold is not a faith-based asset, like fiat money. He also reviews China’s relationship to gold, and compares the current market to the last time a bear market in gold ended….
Earlier, we showed that according to Citigroup (among many) for Greece to have any hope of surviving, it needs a masive debt haircut: the bigger, the better, with Citi tossing out numbers as high as €130 billion. Still, even if Greece does get debt relief, as long as it remains in the Eurozone, its economy has nothing…
On the 5th of July, the Greek people voted 5 to 3 in favor of rejecting an EU bailout agreement linked to further economic reforms. They were promised that their Eurozone partners would relent and that within 24 hours, the banks would reopen and within 48 hours, the Eurozone would offer them a deal on…
The relatively light news stream continues to facilitate corrective action in the capital markets. The advancing streak in global equities has broken while Chinese shares continue to stabilize after their recent dramatic slide. Peripheral bond markets are giving back some of their recent gains. The US dollar has been pushed from its recent highs but is…
In case you were too busy watching House of Cards to notice, Netflix (NFLX) is on a bit of a tear right now. The company recently underwent a 7-for-1 stock split, beat earnings estimates, and surged almost 18% the day after announcing second-quarter results. It was already the best-performing stock in the S&P 500 this year by a wide margin,…
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC’s high production levels and China’s market turmoil have created more pressure on oil…
After a modestly positive open, Chinese stocks have pushed back into the red after Chinese business sentiment collapsed in July. The MNI China Business Indicator fell a straggering 8.8pts to 48.8 in July (below 50 signifying pessimism) – the lowest since January 2009. It appears the encouraging bounce after the massive credit injections into June has…
