Finance

Oil Attempts To Form Intermediate-Term Low

by Erik McCurdy Oil has experienced a true market crash, declining 47 percent following the peak in June. However, the downtrend is declining at an unsustainable rate and the market has become extremely oversold across intermediate-term and short-term time frames. As a result, the decline will almost certainly be followed by a violent oversold reaction,…

Markets Turn Quiet, Consolidate

The US dollar’s gains scored yesterday in the wake of a strong upward revision in Q3 GDP to 5% have been pared slightly today in extremely thin market conditions. The euro was sold to a new 28-month low (~$1.2165) yesterday and is struggling to re-establish a foothold above $1.22.  Encouraged by the US GDP, the backing…

Gold For Closing 2014

  Well despite all the hate mail, accusations, threats, and bad-mouthing not to mention the silent-treatment, gold continues to reflect the real deflationary trend that has engulfed the entire world. The metals promoters keep trying to ignore reality causing many to lose their life-savings. They remain ignorant of the fact that the dollar has become…

Bear Of The Day: Macquarie

For today’s Bear of the Day I wanted to do something different. Rather than find a company with a poor Zacks Rank that’s been beaten down, I thought I would experiment a bit. Today I ran a screen with the same criteria I use to find great momentum stocks, only I flipped it on its…

Japanese Stocks, Dollar Up

Japanese stocks rallied and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global markets turbulence of the past two weeks. Risk appetite got a helping hand from revised data showing the U.S. economy grew at a 5.0…

Rieder: Clooney emerges as hero in Sony mess

In a Hollywood saga that has a severe shortage of heroes, George Clooney has covered himself with distinction. While theater owners and then Sony Pictures Entertainment cravenly buckled to terrorist threats and some news outlets reveled in the gossipy e-mails made public by the Sony hackers, the superstar actor tried valiantly to rally Hollywood to…