(VIX) has been unable to make lower lows as stocks made higher highs in recent weeks as it appears managers protected these insane gains of the last few weeks rather than piled in – beta-chase-style – as financial media would have us believe. VIX has broken back above 16 this morning adding to its biggest 2-day surge…
The stock whisper of the day is: (AUY). Video Length: 00:02:27
Earlier this week Daniel Druger and Liz McCormick wrote an article for Bloomberg entitled: “One Hundred Years Of Bond History Means Bears Destined To Lose.” The crux of the article is contained within the following paragraph: “With the longest-dated Treasuries now yielding less than half the 6.8 percent average over the past five decades, it’s not hard…
Shares of Bluebird Bio (BLUE) jumped 60% on the open after it had announced that one if its drugs, Lentiglobin BB305, which utilizes gene therapy, was able to allow patients to become transfusion free. Bluebird Bio is a biotechnology stock that is developing treatments for rare genetic disorders. This result of allowing patients to become tranfusion-free is…
I just bought Russia (as well as about nine other securities). I think it’s time to make bouncey-bouncey.
Wall Street is only one of several financial roach motels in what has become a giant slum of a global economy. Notional “money” scuttles in for safety and nourishment, but may never get out alive. Tom Friedman of The New York Times really put one over on the soft-headed American public when he declared in a string…
A Case of “Excellent Timing” (?) We still remember the flurry of ETF issuance in the tech sector that accompanied the final three months of the famous late 1999/early 2000 Nasdaq blow-off. The securities industry will always react to whatever trend is in fashion by offering products that are in line with it – and…
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it…
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year private non-farm job opening growth rate improved slightly. The current rate is quite high – so the high employment growth currently being seen should continue. the number of…
“As flies to wanton boys are we to the gods. They kill us for their sport.” William Shakespeare, King Lear Let’s file this under ‘why aren’t people buying things and saving more?’ Yes I know that wealth is not income. That is a small consolation when you don’t have much of either. Median Household Net Worth is…
