Low oil prices are stealing all the headlines right now, and the media has decided to focus only on the negatives. However, in America there are strong headwinds building that will only propel the American economy higher. Investors would be wise to invest in these sectors and avoid gold. It’s no secret that gold is…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 315 = 17,280 SPX – 33 = 2002 NAS – 54 = 4653 10 YR YLD – .08 = 2.10% OIL – 2.52 = 57.43 GOLD – 5.60 = 1222.80 SILV – .06 = 17.14 The fall in oil prices has been dramatic,…
Amazon (AMZN) has had enough of the United States. Specifically, it’s had enough of the country’s strict, stifling regulations (no surprise there) on unmanned vehicles – a.k.a. drones. As you may know, a year ago, the company announced its plan to launch Amazon Prime Air – an ambitious drone-based delivery service that would fly packages…
San Francisco-based LendingClub Corp. (LC) made a grand entry on NYSE through IPO Thursday. The online loan facilitator debuted trading at $24.75 per share, a whopping 65% premium to its $15 a share pricing announced on Dec 10. The shares closed the first day at $23.43, reflecting an increase of 56.2%. Hence, LendingClub raised $870…
The price of a barrel of the benchmark West Texas Intermediate – WTI – has fallen from the mid $90s to below $60, resulting in a an energy sector selloff the likes of which the markets have not seen for half a decade. The big drop in crude oil and energy stocks has put a…
This morning I used Barchart to sort the S&P 400 Mid Cap Index stocks to find which ones had the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Right near the top of the list was RF Micro Devices (NASDAQ:RFMD): Barchart technical indicators: 96% Barchart technical buy signals Trend Spotter…
The US equity markets were weak most of the day, and sold off into the close. This *might* be end of year selling, taking profits and losses, dressing up the portfolio, and raising some cash for a run at the year end. Oil continued breaking lower. It is a mix of supply and demand, more…
Dubai… is down 23% in the last 10 days. After soaring 64% in the first half of the year, Dubai’s Financial Market General Index has collapsed 33.5%… but if it is due to correct to where oil trades, it has a long way to go still… Maybe it disconnected a while back, when The Fed flooded…
Oil Boom Just Another Fed Inflated Bubble, and is it Contained? Peter Schiff explains this in his latest audio edition. (Audio Length: 00:19:54)
According to Takahiro Mitani, trashing your currency, destroying your bond market and gutting the real wages of domestic citizens is a surefire ticket to economic success. Yes, that’s what the man says, “I have no doubt that the economy is in a recovery trend if you look at the long run….” After two years of hoopla and…
