Minerva Neurosciences Inc. (NASDAQ: NERV) shares soared as much as 40% and hit a new high of $10 after the company announced that the resultsMonday from a Primomed non-human primate study, which showed that treatment with an analog of MIN-301, the company’s investigational neuregulin-1 compound, has resulted in improvements in a range of symptoms associated with…
Shares of Cytrx Corporation (CYTR) soared 20% on the news that their cancer drug, Aldoxorubicin, achieved positive phase 2 results in patients with brain cancer. Phase 2 is to show clinical efficacy but Cytrx hit the ball out of the park. This is because 12 patients enrolled in the trial showed tumor shrinkage in the brain, and…
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because there are no more gaps. All are filled and now the market’s job is to prove it can use this process as support. Lower lows…
A number of questions have come in since year-end asking what would happen since the Dow did not reach the 18,500 level. We also warned that the support was really down at the 16,978 level and we need a daily closing beneath this level to signal a sustainable decline for now. The main bank…
During 2014 all of our portfolios lagged the market. Most of them by a significant margin. You’d think this would concern me, but it doesn’t. The purpose of a hedge is to position a portfolio for more than one outcome when market conditions are uncertain.This means a hedged portfolio will not track the market…by design….
‘As a dog returns to its vomit, so the fool repeats their folly.’ – Proverbs 26:11 And about every seven or eight years it seems, in the modern economic discipline of bubblenometry. What hath the Fed wrought, and the crony accomplices to Wall Street in the Administration and Congress? Back to the brink, again. Crouching…
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Farming and agricultural equipment had a tough 2014. A sharp decline in prices of grains, including corn, soybean and wheat led to a fall in earnings of farmers. This in turn led to a fall in demand for agricultural equipment. This segment continues to face headwinds in 2015, but the outlook may not be grim…
Upper left chart highlights times when the SPX was down the first 3-days of the year and full year returns. As you can see, year-end results were mixed. Upper right chart highlights times when the SPX was down the first three days of a near year, looking back 50-years. It only happened once, which…
Financial professionals are blaming the latest round of risk asset uncertainty on a variety of factors, from the continuing sell-off in oil to the possibility of Greece being kicked out of the euro-zone. Still others are pointing to anxiety over the U.S. Federal Reserve’s intention to raise its overnight lending rate target in mid-2015 –…
