Bounce? Da!
I just bought Russia (as well as about nine other securities). I think it’s time to make bouncey-bouncey.
Finance
Buy The All Time High
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…
New Junior Gold Mining Bear ETFs – Another Contrarian Signal?
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…
A Tale Of Two Markets, Two Economies
“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…
October 2014 JOLTS Again Continues To Predict Elevated Jobs Growt
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…
US Middle Class Wealth Has Collapsed, Consumed By The Gods Of Fin
“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…
Citi Pays $3.5 Billion To Keep Its Employees Out Of Jail For Yet
Moments after Bank of America reported at today’s Goldman financial conference that its Q4 trading revenues would be down both Q/Q and Y/Y, it was Citi’s turn to warn that the current quarter will be the latest disaster in a long series of revenue disasters, with Q4 revenue said to drop 5% from a year…
$7 Million Woman: A Bubble Within The Student Loan Debt Crisis
There is an ongoing student loan debt crisis and it is simply one more manifestation of the overall bubble in credit that has created stock market wealth for asset owners. In not allowing the college tuition bubble to burst the government has created the 7 Million Dollar Woman and 35 other private college heads making…
Apple Is Showing Signs Of Fatigue
When does a market reach its top? The question is easy, the answer is much harder. Because practice teaches us that most investors have a tough time knowing when a market is topping out. Wall Street remains on a roll in the meantime. The US economy is still doing best globally by far and the…
EC Everyone Wa
LendingClub (LC) is one of the most anticipated public offerings of the year and is expected to price Wednesday night to trade on Thursday. They just raised the range to $12-14 from the prior $10-12. The market is acting poorly going into the planned pricing which could help keep the shares from running away from…