SP 500 And NDX Futures Daily Charts – As Expected
Shameless greed and theft abounding. Have a very Merry Christmas.
Finance
G And GDP During The Current Recovery
Various non Keynesians have argued that the pattern of public spending and GDP in the USA during the current recovery (that is since June 2009) undermines the Keynesian hypothesis that the Government spending multiplier is positive. In particular JOhn Cochrane and Tyler Cowen argue that, if Keynesians were right, sequestration should have caused at least a decline in GDP…
Update On American Realty Capital Properties
American Realty Capital Properties (ARCP) make some announcements today that I feared might be coming. The board of directors is suspending the dividend pending the release of its third quarter and year-end results and will reinstate it after doing a thorough review. Shares are down today by about 3% on the news implying that the cut was already…
Update On American Realty Capital Properties
American Realty Capital Properties (ARCP) make some announcements today that I feared might be coming. The board of directors is suspending the dividend pending the release of its third quarter and year-end results and will reinstate it after doing a thorough review. Shares are down today by about 3% on the news implying that the cut was already…
Dividend Achievers Stock Analysis: Caterpillar
Caterpillar (CAT) is the leader in construction equipment manufacturing. The company has a market cap of $56 billion, significantly higher than rival Deere & Company (DE) which has a market cap of $32 billion. Caterpillar is not only a member of the Dow Jones Index, the company is also a member of theDividend Achievers Index. Dividend Achievers…
E
A big thank you to all of our contributors and readers for helping us achieve our first major milestone since our beta launch earlier this year: 1 Million Monthly Pageviews. I’d also like to welcome our newest TalkMarkets contributors: Terry Grennon of Fiduciary Investment Insights, Invest In MJ of investinginmj.com, Scott Carter of Lear Capital, and Mark Cuban of ABC’s Shark Tank and owner…
S&P Intrinsic Value Update
“Davidson” submits: The Dallas Fed 12mo Trimmed Mean PCE(inflation measure) reported at 1.6%. Inflation has been low and stable since Jun 2014-see the table below. The SP500 Intrinsic Value Index for Dec 2014 is $1,912. With the SP500 at ~$2,080, the market is deemed fairly valued and well below previous periods of excess investor enthusiasm-see…
EIA December Crude Inventories Surge To Record Highs
WTI Crude is down over 3.5%, dropping back towards $55 – dismissing yesterday’s dead-cat-bounce deja vu – as EIA inventory builds more than expected at 7.27 million barrels (biggest build in 2 months to 6-month highs). This is the largest inventory for the time of year since records began. Of course, while energy stocks are fading broad equity…
PTC Therapeutics, Inc. Commenced A Rolling Submission Of A New Dr
PTC Therapeutics, Inc. (NASDAQ:PTCT) had announced that it has commenced a rolling submission of a New Drug Application to the United States Food and Drug Administration (FDA) for the treatment of nonsense mutation Duchenne muscular dystrophy. A rolling submission allows completed portions of the application to be submitted and reviewed by the FDA on an ongoing…
The Clean Power Plan Is Unconstitutional – Straight Up!
A flurry of comments has been made on the Clean Power Plan proposed by the EPA. Some of those comments came with actual study results behind them. The ERCOT study presents similar results based on my paper published in Fortnightly in the October issue. Texas will likely see a carbon price/cost somewhere between $20-$30/ton depending on the effectiveness in…