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SP 500 And NDX Futures Daily Charts – Overflowing

SP 500 And NDX Futures Daily Charts – Overflowing

Equities are in a bubble, but the real economy continues to languish. Paper money is overwhelming, and overflowing. There is some thought that the US can never print too many dollars for the rest of the world to take. Hubris does not even begin to describe the financial system of the Anglo-American banking cartel. Who […]
City Direct Equity Investments – Ugh

City Direct Equity Investments – Ugh

A version of this post appeared in the San Antonio Express News. I read with much interest the story last week of the San Antonio City Council approving a direct investment of $1.75 million in city funds to move three startup medical device manufacturing companies to San Antonio. And by “much interest” I mean the story made me want to […]
Vacuous Blabber Association Meets In Brisbane

Vacuous Blabber Association Meets In Brisbane

G-20: Governments are “Growth” Magicians The G-20 met in Brisbane again this weekend for a shrimp-fest at reportedly considerable cost to tax payers (it cost more than $400 million and shut down an entire city for the best part of a week). What did the meeting achieve? According to the communique, it will achieve miracles. […]
3 Seemingly Crazy ETF Ideas

3 Seemingly Crazy ETF Ideas

Japan has now registered two consecutive quarters of economic contraction – a persistent absence of growth that defines most recessions. For worse or for better, the world’s third largest economy will simply commit additional electronic money printing resources to acquire more Japanese stock and bond assets. This activity weakens the yen which, in turn, emboldens carry […]
Odds Of Stock Rally Pushing Higher

Odds Of Stock Rally Pushing Higher

ECB Ready To Act In a familiar theme of words and little in the way of action, the head of the European Central Bank was jawboning again Monday. From The Wall Street Journal: “The European Central Bank is willing to take additional easing steps including purchases of government bonds if needed to keep inflation from staying […]
Retailers Say A Ton Of Customers Are Using Apple Pay — And Other Mobile Wallets Too

Retailers Say A Ton Of Customers Are Using Apple Pay — And Other Mobile Wallets Too

For years, tech companies have dreamed of a future in which people ditch their wallets and pay for things with their smartphones. And for years, that has not happened. But Apple (AAPL) may be on to something. In the three weeks since the company released Apple Pay, its first stab at a mobile wallet, some major retailers are seeing […]
Chen Lin Says Gold Miners Need To Produce At $1,000/oz Or Less To Survive

Chen Lin Says Gold Miners Need To Produce At $1,000/oz Or Less To Survive

How low can gold go? Chen Lin expects a probable near-term low of $1,000/ounce. The author of the What is Chen Buying? What is Chen Selling? newsletter says that at that price we can expect a bloodbath of companies, both large and small. Gold cannot be kept down forever, however, and once the bottom is in, those […]
Big Shooting Star Action On Apple

Big Shooting Star Action On Apple

TM Editorial Update: Many readers wrote in asking about the “mysterious 117.28 trade.”  It turns out the trade did not happen. It was an artifact of the options market that looked as if someone had bought $1.26 million worth of Apple for 2% above market price. No such trade occurred. This phantom trade however was posted as […]
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                        ADRs Best & Worst – November 17, 2014

E ADRs Best & Worst – November 17, 2014

The best scoring ADRs from one year ago (11/18/2013) returned an average 2.73%, 3.79% better than the MSCI EAFE index (EFA). The best performing from our list one year ago have been SIG up 57%, SHPG up 51%, TTM Up 44%, and RDY up 42%. The average ADR score is 48.07, below the four week […]
Miners Approaching Resistance

Miners Approaching Resistance

There are a couple of hurdles miners (by way of the GDX fund) need to get past in order to not simply roll over yet again and flop lower: $19.57 at the gap (lower arrow) and overhead supply at 20.05 (the upper arrow). I have no position, but I’m skeptical; I think miners are about […]