After months of hard-fought negotiations over agency dollars and policy provisions, the net result is a 1,600 page bill released last night.The deal was announced late yesterday after Democrats accepted Republican demands to undo some regulations including the banking provision that will allow the trading banks to deal in derivatives again in subsidiaries will full insurance from…
DOW – 268 = 17,533SPX – 33 = 2026 NAS – 82 = 4684 10 YR YLD – .05 = 2.17%OIL – 2.64 = 61.18 GOLD – 6.30 = 1227.10 SILV – -.05 = 17.16 Well, that was ugly. This is why we enjoy milk and cookies while we can. We’ve seen a lot of…
Due to the trigger happy nature of children who might not fully appreciate or understand the value of money, chances are there have been many parents who were greeted by bill shock upon opening the bill of their credit cards. In fact too often have we heard stories of how kids have managed to rack…
For the first time in almost 3 years, the ‘market’ is fighting the PBOC in the FX markets. The last month has seen USDCNY rise almost 9 handles to as high as 6.21 (the weakest CNY in 5 months). At the same time, the PBOC’s official ‘fix’ of CNY has been strengthened to below 6.12…
by Ari Charney It’s been yet another brutal week for U.S. investors in Canadian energy stocks. First, state-owned Malaysian energy giant Petronas chose to defer its final investment decision on whether to proceed with its estimated USD32 billion Pacific NorthWest liquefied natural gas (LNG) project in British Columbia. As we wrote last week, the prickly…
T2108 Status: 45.1%T2107 Status: 45.3%VIX Status: 18.5 (jumped 24.5%)General (Short-term) Trading Call: Hold. Caveats listed below.Active T2108 periods: Day #37 over 20%, Day #35 over 30%, Day #32 over 40%, Day #1 under 50% (underperiod, ending 29 days over 50%), Day #5 under 60%, Day #107 under 70% Reference Charts (click for view of last 6…
As global commodities prices plummet, it’s incredibly convenient to pronounce the commodities super-cycle dead, isn’t it? Yet banks from Goldman Sachs to Citigroup to Deutsche Bank are on record as saying it’s over. The Rogers Commodities Index, which represents the value of a basket of 36 commodity futures contracts, is down 20% since mid-June. But…
Throughout the summer, one of the biggest activist stories, therefore one naturally involving Carl Ichan, was whether eBay (EBAY) would spin off PayPal. And sure enough, following months of promises and vows by John Donohoe that the company would never split, on September 30, around the time the market started hitting one record high after…
The Chart of the Day is Western Digital (NASDAQ:WDC). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/31 the stock gained 9.01%,…
It is magical! Whatever the topic of current interest, there is no shortage of pundits. The current energy experts were recently (it seems like only yesterday) the leading authorities on the Fed, Europe, Ukraine, Libya, deflation, hyperinflation, stagflation, and of course, Ebola. The current crop of experts confidently talks about an oil glut, the motives…
