I’ve spent a lot of time here and on social media drawing attention to the waning risk appetites in junk bonds and leveraged loans. What I haven’t done is fully explain why I think it’s so important to pay attention to. In short, all of the markets, whether you’re talking about stocks, bonds, commodities or currencies, are all interrelated and…
It’s time to be bold, says Paul Renken, senior geologist and analyst with London-based VSA Capital. He seeks the “sizzle,” or the narrative, in mining equities because the sizzle moves the story. But Renken remains selective and likes to see a significant discovery or acquisition that provides a clear path to investor returns. In this…
From Ruble to Rubble in a Heartbeat The Russian ruble has been in panicked free-fall, not unlike the oil price. Last night the Russian central bank reacted by hiking its interest rates, not in baby steps, but rather in giant strides. This was incidentally the second rate hike in just four days and the fifth…
Today I used Barcharts to sort a list of high growth stocks to find the stock with the most frequent new highs in the last month. At the top of the list was Advanced Auto Parts (NYSE:AAP): Barchart technical indicators: 96% Barchart technical buy signals Trend Spotter buy signal – up 13.74% since the 10/20 buy signal…
“It was the incarnation of blind insensate Greed. It was a monster devouring with a thousand mouths, trampling with a thousand hoofs: it was the Great Butcher — it was the spirit of Capitalism made flesh.” Upton Sinclair The US stock market was very volatile today, plunging on the open, rallying back to triple digits…
Source: Wikipedia Dear Diary, Dow down 99 points yesterday. Gold fell $28 an ounce – its fourth straight day of losses. Stock markets have been slipping all over the world, especially in Europe. But outside of Russia, and maybe Greece, so far there is no sign of real panic. That will come later. We’re spending this…
In Part Two of my interview with storied hedge fund manager and bestselling author, Jim Rogers, we talk about what Jim calls the “most hated market in the world.” The country’s currency is in free fall. Its president is functionally insane. And the supply glut in oil could tip the populace into chaos. Yet despite the…
Regulators Are Getting Worried About their Own Handiwork Readers may recall a remark we made when we discussed the dangerous boom in low grade corporate debt. This was in connection with one of the weak links in the chain, if you will. We noted among other things in passing that: “…new regulations have forced the banks…
Where will the most important commodity in the world halt is fall, the House of Saudi says $40. In 1985 Saudi (OPEC) did a similar sell off to protect their market share when the UK North Sea oil came on line. World oil prices plunged 69%. Lets face it, oil above $100 with all the…
The list of companies working with Apple Pay continues to grow. On Tuesday, Apple (AAPL) announced that in recent weeks the company had signed up dozens more banks, retail stores and start-ups to adopt Apple Pay, the company’s new e-commerce product, which allows customers to buy things with little more than a wave of their…
