The ongoing Greek drama – it has been downgraded from a full-blown crisis – came about when the opposition refused to support the government’s nominee for president for the third time, triggering a general election in January which was won by Syriza, at the head of a “radical coalition of the left”. They didn’t exactly…
It has been one month since Greek capital controls were imposed, and as we explained earlier, Greece is nowhere closer to having its deposit limits lifted. In fact, with several more months of capital controls at least, the Greek banks are likely to suffer ongoing balance sheet impairments which will ultimately result in depositor bail-ins,…
The US Durable Goods Orders number will take focus during the session on Monday, and therefore we feel that most of the trading opportunities will be in the United States and of course, in the US dollar. That being said, we look at the charts from that perspective. NASDAQ finds support yet again The NASDAQ…
There was no doubt as to the nature of Friday’s action. A weak, end-of-week close adds to the negative tone, suggesting the damage is more long term. However, not all indices are in true bearish mode. The S&P is stuck inside its range, and won’t be challenging range lows until 2,045 comes into play. The…
A stock dividend, also known as a “scrip dividend,” is a dividend payment made with stock instead of cash. Sometimes when companies are tight on cash, they will declare and pay a stock dividend in lieu of a cash dividend. Most shareholders feel like they are getting something. But are they really? In short, a…
According to a report from Bloomberg, Square Inc., the mobile-payment company filed confidentially for an initial public offering. The company was founded and is currently led by Twitter Inc.’s (TWTR- Analyst Report) interim Chief Executive Officer Jack Dorsey. The move comes as PayPal, one of Square’s primary rivals, is performing very well in the markets after its split from eBay. This news…
According to a report from Bloomberg, Square Inc., the mobile-payment company filed confidentially for an initial public offering. The company was founded and is currently led by Twitter Inc.’s (TWTR- Analyst Report) interim Chief Executive Officer Jack Dorsey. The move comes as PayPal, one of Square’s primary rivals, is performing very well in the markets after its split from eBay. This news…
Earlier in the month I wrote that people on Twitter finance were turning from bullish to neutral. Now I’m starting to see a rise in bearish sentiment the likes of which we haven’t seen since late 2012. The most prominent sign comes from breadth calculated between the most bullish stocks and the most bearish stocks on…
On Friday, we brought you the shocking story of the rebellion that never was in Greece. According to FT, Former Greek Energy Minister and maverick among mavericks Panayotis Lafazanis convened a “secret” meeting at the Oscar Hotel in Athens on July 14 at which he attempted to convince Syriza hardliners (including, in FT’s words, “supporters of the…
Despite his enormous wealth from real estate and other deals Donald Trump may not be the best example for all investors to follow in terms of portfolio selection. With his recently released Public Disclosure Report (required of the Presidential candidates) we get a peek into “The Donald’s” stock portfolio, and it’s not pretty. Donald Trump, the Presidential…
