The Chart of the Day belongs to ACE Ltd. (NYSE:ACE). I found the stock by sorting the ACE Ltd. list for the stocks having 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 10/24 the stock gained 8.58%….
Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt: Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought…
The numbers are in, and they are telling us that Black Friday weekend doesn’t matter as much anymore, and it doesn’t necessarily kick off the holiday shopping season as it once did. We think there are three culprits for the changing face of the Black Friday shopping event, and certain companies that are poised to…
Investors are always jittery about the risks associated with their investments. Mutual funds, stocks, bonds or ETFs, none of them are ever devoid of risks. A Bull rally may be interrupted anytime and drag a portfolio down. Also, markets may witness volatility; creating further doubts in investors’ minds if fundamental factors can alone justify their…
I am of the opinion that the economy is overshooting its natural sustainable level at the moment. There are problems that can occur from that. Below I give a warning from the field of Population Ecology. Stocks are rising to records partly on the back of a lower labor share in 3rd quarter 2014, which…
The cure for high prices is high prices. The cure for low prices is low prices. That is the message from the hog cycle. When porkers are cheap fewer piglets are raised and a few years later the price of pigmeat rebounds. When pork is pricey too many piglets are raised and the market price…
Just wondering — where is Ed Lazear when you need him? Figure 1: Log nonfarm payroll employment normalized on 2009M06 trough (blue), and on 2001M11 trough (red). NBER defined troughs. Source: BLS via FRED, NBER, and author’s calculations. Normalizing on beginning of administrations yields this figure. Figure 2: Log nonfarm payroll employment normalized on 2009M01 beginning of Obama administration…
“Now listen to the first three aims of the corporatist movement in Germany, Italy and France during the 1920s. These were developed by the people who went on to become part of the Fascist experience: (1) shift power directly to economic and social interest groups; (2) push entrepreneurial initiative in areas normally reserved for public…
QUESTION: Martin, While I clearly understand your reasoning for deflation in the US allied to a very strong dollar; does the opposite apply to those countries, like the UK and European economies where their currencies are likely going into freefall? Keep up the brilliant work. Is the movie coming to the UK? AB ANSWER: Yes….
The reason there is a terrible financial cataclysm ahead is that mainstream thinking has degenerated into outright quackery. Just read the drivel coming from financial journalists and pundits these days; and recall that the latter are little more than repeaters and amplifiers, passing along to their readers what politicians and policymakers are thinking and saying. Take the case of Clive Crook,…
