On July 15th 2014, The Federal Reserve uttered the following warning to exuberant equity investors, “Valuation metrics in some sectors do appear substantially stretched — particularly those for smaller firms in the social-media and biotechnology industries.” 5 months later, Yellen Capital LP is half right… As Bloomberg reports, Social-media shares declined after the report, as…
by Ellen Brown, Web of Debt The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Senator Elizabeth…
Since the beginning of 2014, the overall operating environment for banks had been quite tough. Nevertheless, banking stocks showed strong resilience and continued to confront challenges valiantly. Despite weakness in mortgage banking and capital market businesses, a modest improvement in investment banking, along with cost-control measures (streamlining operations and job cuts) and balance sheet restructuring,…
Happy Holidays! I hope everyone enjoyed a nice Christmas! For those of you who were trading (I was), although trading was light markets rallied higher again last week, sending the Dow, and SPX up to new heights. Nasdaq closed above 4,800, marching closer to the 5,000 mark. We had a nice leisurely week, with…
Having spent a few days in Las Vegas over the holidays, one is reminded of the lure of legerdemain. A few bells go off, some flashing lights and a win here and there can tempt even the most staid rationalist into believing that magic can happen. If you have seen “Chicago,” you may recall Billy Flynn’s musical urging…
The USD/JPY pair has been very parabolic over the last several months, going all the way back to the beginning part of 2012. That being the case, I feel that this market needs to take a little bit of a rest. If you look at the monthly chart attached to this article, you can see that the…
If subscribers’ emails and comments are any indication, Wall Street Daily readers are an opinionated bunch! And it’s not difficult to see which topics really get your blood boiling. Here are the most controversial articles we’ve published all year. #5 Will Millions Boycott Amazon This Holiday? When Chief Political Analyst Floyd Brown criticized Amazon (AMZN) for switching from UPS to…
The year 2014 has been a good one for stocks. Domestic economic strength has boosted the markets, particularly in the second half of the year. However, the year was not without its headwinds. A relatively slower first half witnessed a decline in GDP, caused primarily due to harsh winter weather. Meanwhile, concerns from foreign markets…
As the S&P 500 (SPX) pushes towards Goldman Sachs 2,100 year end target (for 2015!!) today, we thought it worth considering just how much awesomeness has been pulled forward, priced-in, exuberantly-chased. As the following charts show, based on bottom-up long-term-growth expectations, S&P forward P/E valuations have never been higher. But that’s not all… The current Forward…
Looking through some of the gainers from last week, two stocks caught my attention. These two stocks have not performed well in the recent months. GRPN Groupon (GRPN) has not performed well at all this year. But, the stock popped after earnings in October. It took time to consolidate and now it looks like…
