With Wednesday’s FOMC data fully digested yesterday, today was the first of the four Quadruple Witching days of 2015, as the volume on the first two charts below illustrate. The S&P 500 rallied from the open, hitting its 1.18% intraday high in the early afternoon. It then drifted lower to its 0.90% closing gain, which puts the…
Laurence Kotlikoff, Professor of Economics at Boston University, appeared before Congress last month and called them out on phony accounting. He told Greg Hunter of USAWatchdog that despite his best attempts, he could not make senators see how the fiscal situation of the country is not as rosy as official numbers would have us believe….
Recap from February’s Picks Our Most Attractive Stocks (+1.5%) underperformed the S&P 500 (+2.0%) last month. Most Attractive Small Cap stock EZchip Semiconductor (EZCH) gained 11% and Most Attractive Large Cap stock Hasbro (HAS) was up 13%. Overall, 17 out of the 40 Most Attractive stocks outperformed the S&P 500 last month. On to March’s Picks…
The healthcare sector is one of the most desirable avenues for parking investments when markets are headed south. The demand for such services usually remains unchanged even during an economic downturn and investments in the sector provide sufficient protection to the capital invested. Several pharmaceutical companies also provide regular dividends, which can help mitigate losses…
After the 2008 financial crisis, hostile corporate takeovers fell out of favor. The high debt loads associated with them simply turned companies off. But after several years of the Fed’s zero-interest-rate policies and strengthening corporate balance sheets, investors are starting to see hostile activity ratchet up significantly. Now, once a company starts aggressively pursuing another,…
On Wednesday afternoon, just after the close of the market, the US Dollar, the world’s reserve currency flash crashed. This is how the WSJ described the move: In the latest episode Wednesday, a message from the U.S. Federal Reserve that it is in no hurry to raise interest rates caused a big slump in the dollar, which has run…
Gold and silver had a very positive day today, running up to their short term overhead resistance intraday, and holding most of those gains. There was intraday commentary on gold and silver here. The moves next week will be much more meaningful than this short term run up off a very oversold condition. I am ready…
Appearing on Yahoo! Finance, Peter Schiff underscored that the Federal Reserve has been bluffing about raising interest rates. In fact, they will continue to bluff for as long as possible until they’re forced to deal with a deflating asset bubble. He also pointed out the arbitrariness of the Fed’s supposed goal posts: previously they had said…
