Residential building permits were not good. Even construction completions outnumbered permits (showing that the future is darkening as there will be less homes to build). All data is decelerating. The unadjusted rate of annual growth for building permits in the last 12 months has declined from a channel between 25% and 40% to now contraction…
Dividend Discount Value of the DJII at Record Level, Almost Double its Price. Yesterday was a major tax payment date for U.S. companies. For the rest of the year the U.S. Treasury will be out of the market. The Santa Clause Rally can now get underway with particular vitality as there is a high probability…
LG plans to unveil a TV based on quantum-dot technology at CES 2015. Quantum dots use crystals only a couple of dozen atoms thick to produce more accurate color. A new kind of display is about to make TV images appear even more lifelike. LG will show off a TV based on quantum-dot technology at CES 2015…
Based on an old reliable oil/silver ratio the price of silver should be more than twice as high as it is today, a bit more than $50 per ounce. During times of a more ‘physical economy’ versus the ‘paper economy’ we have now, oil and silver had a strong bond. What many people don’t know…
These are tense moments… At 1 am in the morning, Russia made a dramatic announcement to raise its base interest rate from 10.5% to 17%. Their ruble was falling fast yesterday. There is capital flight out of Russia. So the rate rise was meant to attract money back into their country. They even raised their…
Remember the ‘Peak Oil’ hype that was promoted far and wide as trend followers disguised as financial analysts exalted the likes of T Boone Pickens, Jim Rogers and a host of commodity/resource gurus? Websites sprung up far and wide seizing this opportunity to promote a viewpoint that was flat out wrong. There was no ‘Peak…
Yahoo! Inc. (NASDAQ:YHOO) is aggressively pushing for market share in the search engine business, a field it has struggled in over the years thanks to stiff competition from Google Inc. (NASDAQ:GOOGL). Yahoo recently signed an agreement with Mozilla to become the default search results provider for Firefox’s web browser. The search engine giant is now…
Since 2010, our top scoring weekly has outpaced the SPX by a median 376 bps in the following year. The best performers from our list one year ago are RCL up 79%, DAL up 78%, AA up 55%, GD up 54%, and SIAL up 53%. Healthcare is the best large cap sector. The top large…
Just like with the Mohammed Islam story, the religious belief by the cheerleading crew that the crashing price of oil is so “unambiguously, unquestionably, undisputably” good for the US is so taken for granted, that nobody actually checked the facts.So here is one such attempt by the FT, which writes that “almost $1 trillion of spending…
High-yield bonds, also known as junk bonds, issued by U.S. energy companies have come under selling pressure in recent weeks as oil prices have fallen to lows not seen since mid-2009. Bloomberg says investors in these bonds are facing $11.6 billion in losses at the moment. Energy company-related debt issued in the past three years alone…
