In the past month, the iShares MSCI Sweden (NYSEArca:EWD) ETF has fallen almost 7 percent from 34.75 to 32.37. The main reason for such a significant drop was the significant contagion of a prior “No” vote by Greece which triggered significant currency uncertainty as a weaker euro would result in a declining level of exports for Sweden. However, it…
If pouring billions of dollars into outrageous “look at me” buildings isn’t tempting the gods, what is it? When banks build new gleaming headquarters, that generally marks the top of the bank’s fortunes. There appears to be some sort of hubris in constructing a monumental new headquarters that shouts “we’re rich beyond all conception” that angers…
In what seems like a strange turn of events, the Greek government found the money to repay the roughly 2 billion euros ($2.2 billion) it owed to the International Monetary (IMF). “Greece is therefore no longer in arrears to the IMF,” said Gerry Rice, director of communications at the IMF in a statement on Monday….
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Sometimes good news hits the tape and investors ignore it. To be fair, investors in the TSXV have been pounded for nearly 4 years. Retail investors are now the experts, not sell-side analysts…
PayPal (PYPL) has officially severed its relationship with eBay Inc. (EBAY – Analyst Report) and is currently trading independently on the Nasdaq. Despite the varying reports of PayPal’s market capitalization value ranging from $46.6 billion to $52 billion, the digital payment company would still have a greater market capitalization than of eBay, whose value will…
With oil trading in the $60s, most investors are focusing on how that price is affecting U.S. shale drillers. Indeed, the industry is struggling. North Dakota, for example, is producing less oil now than it did in December when production peaked at 1.23 million barrels per day (bpd). That’s no small consequence, but the…
Please listen to this week’s Macro Update from Roger Nusbaum, ETF Strategist at AdvisorShares. Running length 00:02:32 http://alphabaskets.com/wp-content/uploads/2015/07/2015.7.20_Macro-Update-from-Roger.mp3
Most consistent analog ever?
There’s nothing more terrifying than hearing my 2-year-old daughter scream as soon as I leave her alone in a room. My body reacts instantly, creating a rush of adrenaline that sets off a mild panic. Has she fallen off the couch onto our tile floors? Or is she just upset I left her alone? That…
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are failing as a safe-haven investment? Jason Zweig, from the Wall Street Journal, thinks so. He’s…
