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Minor Losses But Distribution Returns

Minor Losses But Distribution Returns

The S&P dropped just over a point, but finished above 2119 support. Today’s action holds the gain and remains in bullish mode. Technicals are bullish, although the relative performance against the Russell 2000 has dropped off markedly, which is better for the broader rally, even if bad for the S&P in the near term. The […]
Two Junior Miners In Alaska Highlighted On US Senate Floor For Their Strategic Importance

Two Junior Miners In Alaska Highlighted On US Senate Floor For Their Strategic Importance

I highlighted several weeks ago the rising concern by the US public about our mineral dependance on foreign entities. Important national news has just crossed our wires this morning as two of our featured Alaskan junior miners were mentioned in testimony on May 12th in front of the US Senate Energy and Natural Resources Committee as being […]
Etsy, Inc. Crashes After Earnings Disappointment

Etsy, Inc. Crashes After Earnings Disappointment

Etsy released the earnings results from its first fiscal quarter after closing bell tonight, sending shares into a downward spiral. The company posted a surprise loss of 84 cents per share on $58.5 million in revenue, a 44.4% year over year increase. Analysts had been expecting Etsy to post earnings of 3 cents per share […]
Chop, Chop, Choppin’ At The Fed’s Front Door

Chop, Chop, Choppin’ At The Fed’s Front Door

With apologies to Bob Dylan, its clear that the casino does believe that the Fed is the monetary equivalent of heaven’s front door. Ever since QE officially ended last October, the market has been chop, chop, choppin’ higher on the slightest hint that 78 months of free carry trade funding may not end after all. This […]
S&P 500 Snapshot: A Fractional Loss Snaps A String Of Three Record Closes

S&P 500 Snapshot: A Fractional Loss Snaps A String Of Three Record Closes

The S&P 500 traded in a narrow range from the opening bell and through the lunch hour. A weak early afternoon rally took the index to its 0.18% intraday high, but it was followed by a fairly rapid selloff to the -0.22% intraday low. Some buying in the final hour trimmed the loss to a […]
SP 500 And NDX Futures Daily Charts – Teen Spirit

SP 500 And NDX Futures Daily Charts – Teen Spirit

The markets were thrilled this morning with Housing Starts and Building Permits numbers that were far above estimates, stoking hopes that the economy is recovering. I would like to know the target market for these homes, and how many are spoken for. You’ll forgive me for wondering if these are going into the speculative overhang […]
Ten Ideas To Save The Economy Step 4: Bust Up Wall Street

Ten Ideas To Save The Economy Step 4: Bust Up Wall Street

<< Read Step 1: Making The Economy Work For The Many, Not The Few – Step 1: Raise The Minimum Wage << Read Step 2: Making The Economy Work For The Many, Not The Few – Step 2: Make Work Family Friendly << Read Step 3: Ten Ideas To Save The Economy – Step 3: Expand Social Security […]
Urban Outfitters, Inc. Plummets On Disappointing Q1 Results

Urban Outfitters, Inc. Plummets On Disappointing Q1 Results

Urban Outfitters plummeted after the company reported disappointing financial results for the first quarter ended April 30. The shares of the specialty retailer were trading $34.20 per share, down by 16% at the time of this writing around 2:09 in the afternoon in New York   Urban Outfitter financial results During the first quarter, Urban Outfitters generated […]
The Real Reason Draghi Is Front-Loading Q€ (In 1 ‘Disappointing’ Chart)

The Real Reason Draghi Is Front-Loading Q€ (In 1 ‘Disappointing’ Chart)

When US Macro data started to crumble after QE3 ended last year, and with it US equities, The Fed unleashed Jim Bullard to suggest that QE4 was possible if things deteriorated… and in that moment, everything broke.   The last few months have seen expectations of a European recovery dashed as macro data has disappointed […]
Warren Buffett’s Asset Allocation: Skimpy On Bonds

Warren Buffett’s Asset Allocation: Skimpy On Bonds

It seems I’ve been writing a lot about Warren Buffett lately. Earlier in May I used one of his favorite valuation tools to determine U.S. stocks are significantly more expensive than their overseas peers, and a few weeks before that I considered a letter he wrote back in 1999 that would suggest U.S. stocks are priced to deliver pretty crummy returns […]