OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.72%) this morning are up +0.80% and European stocks are up +0.46% as energy producers gained after the price of crude oil rebounded from a 5-1/2 year low. An increase in M&A activity is also pushing stock prices higher as PetSmart jumped nearly 6% in premarket trading after…
There are two kinds of Gold & Silver Investors. The first group bought because the prices were rising and they hoped prices would continue to go up so they would book some profit. The second group bought because they realized that something is deadly wrong and that sooner or later the music will stop, the…
As the 24-hour session has progressed, the US dollar and equities have stabilized and turned higher. Indeed as US traders prepare to return, stocks and the dollars are trading near session highs. Oil prices are also trading higher. Core bonds are a bit heavier, and the US 10-year yield has moved back above 2.10%. News that…
by Ida Kubiszewski “At present, we are stealing the future, selling it in the present, and calling it GDP.” — Paul Hawken Imagine if a corporation used Gross Domestic Product (GDP) accounting to do its books: it would be adding all its income and expenses together to get a final number. Nobody would think that’s a very…
The tug of war continues between pension plan participants and outside creditors. As a result, doing business with troubled municipalities may end up costing creditors time, money and headaches. Just a few days ago, Judge Christopher Klein with the United States Bankruptcy Court for the Eastern District of California ruled against Franklin Templeton Investments. By doing so, this asset manager will…
The bottom line for the vast majority of us is that there is an extremely high price to be paid for independence from fealty to the State or Corporate America. It’s jolly good fun to discuss alternatives to the doomed status quo, but what choice do most of us have to participating in the current…
Asian shares slipped to nine-month lows on Monday as oil prices sank to fresh 5-1/2 year lows on concerns about a supply glut and slower global growth, hitting stocks of energy and commodity producers and exporters. Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy…
Federal Reserve policymakers meet Tuesday and Wednesday to discuss when to raise interest rates and how they will communicate those intentions without upsetting financial markets or the economic recovery. Unfortunately, the Fed is constrained by its own past missteps, and its credibility is at stake. Short term rates have been near zero since 2008, and…
Top scoring weekly returns: Buy and Hold 1 Year The average score across our entire 1,600 stock universe is 65.16 this week. The best scoring sector is financials. Healthcare is the second highest scoring sector, followed by utilities. Consumer, industrials, services, and technology all post average scores higher than the average stock in our universe….
Source Some interesting news has reached us from Australia lately, as the Treasury department of Australia has released a big working paper investigating whether or not the capital ratios of its banks are sufficient. This 320 page paper is the outcome of an investigation ordered by Australia’s conservative government which was commissioned to generate potential…
