There was quite a bit of talk today about the Sony hack attack, and some gossipy emails about some fellow calling Angelina Jolie a ‘spoiled brat.’ This is a major preoccupation today on Bloomberg TV. Maybe if the same guy had written some snarky emails about the homeless and the hungry, the ongoing collapse of…
(Photo Credit: Elsie Escobar) Lululemon (LULU) is struggling and its profits are drying up. Wayward comments from founder and former CEO Chip Wilson and a recall due to pants being too sheer have hamstrung the once fanatically popular yoga wear retailer. Going into Thursday morning’s third quarter report and the critical holiday quarter brand weakness is…
There was a time not too long ago when technical indicators worked just like they were supposed to. Momentum divergences foretold trend changes. Volume kept pace with rallies as they rumbled on. Breakouts from patterns either resulted in immediate rallies for us to buy or, in the worst-case scenario, they failed right away for a quick stop out and…
Peter Schiff talks about Bitcoin. An angle that nobody has ever mentioned – Tax Loss Selling. Audio Length: 00:20:35
Instead of beating an already dead horse so it looks like the Japanese (and soon, European) economy, and commenting even more on what the oil price collapse will mean for America’s energy producers (andInvestment as a component of GDP) we decided to bypass the foreplay and proceed straight to showing the 70 or so most levered publicly traded…
It’s not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this interview with The Gold Report, he reads the waves and sees indications that the stock market…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most…
Ahmet Okumus‘ Okumus Fund Management has further raised its stake in Web.com Group Inc (NASDAQ:WWWW) and went activist on the stock. Okumus has recently purchased 480,000 shares of the company at a price of $15.69 per unit, raising the stake to 7.78 million shares. Following the increase, Okumus owns 14.8% of Web.com’s common stock and it has changed the…
In a stunning rebuke of Preet Bharara’s insider-trading prosecutions record, Businessweek reports a federal appeals court overturned and threw out the guilty verdicts of two hedge fund managers, Todd Newman and Anthony Chiasson, ruling jury instructions tainted their verdicts and imperiling other cases brought in his multiyear probe. In a 28-page decision that could rewrite the course of insider…
Junk bonds have been selling off rather dramatically lately and are now testing their October lows. This stands in stark contrast to the strength in stocks which are just off of their all-time highs. This divergence stands out because both asset classes are typically very closely correlated due to the fact that they appeal to…
