As the U.S. economy bravely trumped all difficulties at home and abroad, 2014 was another great year for the country’s stock market. The S&P 500 posted the third consecutive year of double-digit gains of 11.4% while Dow Jones Industrial Average added 7.5%. With this, the U.S. bull market is strongly moving ahead to celebrate its…
As energy stocks continue to catch down to oil-price’s incessant weakness, US energy company credit risk has surged back above 1000bps for the first time in 3 weeks. WTI Crude oil prices just traded to a $47 handle – the lowest since April 2009. Another day, another fresh low… And energy stocks are catching down…
Income Inequality – just another political deception on Americans crafted by Democrats. Read Ed Rogers piece at The Washington Post below. The Insiders: Income inequality — the issue the Democrats want By Ed Rogers January 5 It is interesting to watch the Democrats work to fashion “income inequality” into an issue they think they can use….
Minerva Neurosciences Inc. (NASDAQ: NERV) shares soared as much as 40% and hit a new high of $10 after the company announced that the resultsMonday from a Primomed non-human primate study, which showed that treatment with an analog of MIN-301, the company’s investigational neuregulin-1 compound, has resulted in improvements in a range of symptoms associated with…
Shares of Cytrx Corporation (CYTR) soared 20% on the news that their cancer drug, Aldoxorubicin, achieved positive phase 2 results in patients with brain cancer. Phase 2 is to show clinical efficacy but Cytrx hit the ball out of the park. This is because 12 patients enrolled in the trial showed tumor shrinkage in the brain, and…
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because there are no more gaps. All are filled and now the market’s job is to prove it can use this process as support. Lower lows…
A number of questions have come in since year-end asking what would happen since the Dow did not reach the 18,500 level. We also warned that the support was really down at the 16,978 level and we need a daily closing beneath this level to signal a sustainable decline for now. The main bank…
During 2014 all of our portfolios lagged the market. Most of them by a significant margin. You’d think this would concern me, but it doesn’t. The purpose of a hedge is to position a portfolio for more than one outcome when market conditions are uncertain.This means a hedged portfolio will not track the market…by design….
‘As a dog returns to its vomit, so the fool repeats their folly.’ – Proverbs 26:11 And about every seven or eight years it seems, in the modern economic discipline of bubblenometry. What hath the Fed wrought, and the crony accomplices to Wall Street in the Administration and Congress? Back to the brink, again. Crouching…
Running length 00:02:01
