It is these unforeseeable and uncontrollable consequences that are poised to wreak havoc on the global financial system. Here’s the thing about risk: it bursts out of whatever is deemed “safe.” It wasn’t accidental that the Global Financial Meltdown originated in home mortgages; it was the perceived safety of the mortgage market that attracted all the…
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Investors across the board are all-in again, universally optimistic about the future prospects for U.S. equities. Advisory sentiment in the Investors Intelligence poll is in the 96th percentile, with a 43% spread between Bulls and Bears. Individual Investor sentiment measured by AAII hit its second highest level of the bull market a few…
The Chart of the Day belongs to Express Scripts (NASDAQ:ESRX). I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/21 the stock gained…
This afternoon, CNBC Europe asked Peter Schiff about the effects of low oil prices on the European economy. Peter used the opportunity to explain why the governments of Europe, the United States, and Japan are all playing the same game: claiming inflation is good for the economy, when in fact it just allows politicians to…
Northern Oil and Gas (NYSE:NOG) is familiar to long-time readers of this blog. I posted about it here, here, here and here. I have been short this stock for some years and my view is that absent sustained high oil prices this company will file bankruptcy. I also follow the Twitter account of Michael Reger…
Contrarians must be thinking about the sustainability of the year-end stock rally after six weeks of remarkable gains. The most recent AAII Investor Sentiment Survey discovered that a whopping 52 percent of respondents were Investor Sentiment, far surpassing the long-term trend of 39 percent. Meanwhile, nearly $43 billion of inflows poured into U.S. equity ETFs…
As we enter the home stretch of 2014 I wanted to give an update about my portfolio and holdings in my taxable and ROTH accounts. November has brought about my highest ever portfolio value in both accounts as my total investment balance in my taxable account reached $111,328.59 and my total investment balance in my…
By now, every trader who watches markets every day is acutely aware of the increasing concentration of massive amounts of volume in the last second of the trading day. Here is 8 years of the last few seconds of the trading day and how ‘efficiently’ it has evolved… Running time 1:13 h/t @NanexLLC alternative for…
