A few years ago, hedge fund Level Global Investors made $54 million selling Dell Computer stock based on insider information from a Dell employee. When charged with illegal insider trading, Global Investors’ co-founder Anthony Chiasson claimed he didn’t know where the tip came from. Chiasson argued that few traders on Wall Street ever know where…
I only listen to CNBC eight times a year (that is, during Fed announcements). It’s just embarrassing hearing everyone parse each little word, whether it’s a verb or a noun, etc. This is what we’ve all been reduced to. In any event, I’m keeping a close eye on the $RUT as markets continue to scorch…
The Fed brought out not so much the jawbone, but perhaps its dentures, and changed ‘considerable’ to ‘patient’ and set some expectations for a rate hike perhaps as early as April. Of course this is all rubbish, and the Fed will do what they need to do to protect the US’ financial paper, especially in…
All Treasury yields are up with the curve… yup, dropping. They are suddenly not scared anymore and are flying out of liquidity instruments. 10, 5 & 2 year yields from Bloomberg Junk and Junk to quality is snapping back hard and the inflation gauge is even getting a little bounce. It appears we could get some…
The Chart of the Day belongs to Celladon (NASDAQ:CLDN). I found the stock by sorting the All Time High list for the stocks hitting the most frequent highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/27 the stock gained 81.38%. Celladon Corporation is a biotechnology company. It…
Joy Global Inc. (JOY – Analyst Report) reported adjusted earnings of $1.25 per share in the fourth quarter of fiscal 2014, up 12.6% from $1.11 per share a year ago. Earnings also outpaced the Zacks Consensus Estimate of $1.14 by 9.6%. Joy Global, Inc – Earnings Surprise | FindTheBest Fiscal 2014 adjusted earnings were $3.29 per share, compared…
The markets are continuing their bounce off support today, after the Fed did little except move their lips a little in their last statement for 2014. They will be ‘patient’ and I imagine they expect that you will be too. The charts will be updated with the remainder of today’s action tomorrow.
Notorious bears like Peter Schiff and John Hussman have been warning about the bull market’s inevitable demise for many years. Ignoring their gloom-n-doom predictions has been the better way to go. After all, six years of zero percent interest rate policy by the U.S. Federal Reserve successfully reflated portfolios heavily tilted toward U.S. equities. On…
Stocks are up and crude oil is down following The Fed’s confusing statement. Treasury yields whiplashed lower then higher and are holding slightly lower. Gold did the same – holding slightly above pre-FOMC levels. Bonds up, Stocks up, Gold up, Crude down… Crude Oil has given back all its spike gains… Be careful… Charts: Bloomberg
Release Date: December 17, 2014 For immediate release Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of…
