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Buffett Will Win Vs. AIG

Buffett Will Win Vs. AIG

AIG Ordered to Pay $9.5 Million On March 14, 2016, three affiliates of American International Group (NYSE:AIG) were fined $9.5 million by the SEC for reportedly engaging in reverse-churning and steering investors of retirement products into costly mutual funds with wrap fees. The wrap fees are higher fees that normally apply to higher volume traders, but the […]
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                        W&T Offshore – This Is What A Revolver Cut Looks Like

E W&T Offshore – This Is What A Revolver Cut Looks Like

The rout in oil prices has claimed several victims. Through mid-December there were 41 oil & gas bankruptcies. In some instances the death knell for drillers is not complete until bankers pull the plug. That process might have started after bankers cut W&T Offshore’s (WTI) revolver from $350 million to $150 million: W&T Offshore, Inc. announced […]
Meme Reversion

Meme Reversion

500 and Counting I’m now about 500 posts and a million words into the back-to-front world of financial psychology and you might think I’d have learned something useful by now. Well, it turns out there are only a couple of things you need to bear in mind: that mean reversion is the only certain thing […]
Pre-1965 Silver Pocket Change Provides Investors With An Economic Future

Pre-1965 Silver Pocket Change Provides Investors With An Economic Future

Among all the choices you have for gold and silver bullion, genuinely historic metal is still around at reasonable prices. The runaway classic is ninety-percent U.S. silver coinage. The lyrical ring of a handful of silver coins speaks not only to the history of the United States but also the entire heritage of sound money. […]
Gold Stocks’ Spring Rally

Gold Stocks’ Spring Rally

The red-hot gold stocks have spent most of March in consolidation mode, grinding sideways near their 2016 highs. Interestingly this month’s rally pause is par for the course seasonally in gold-stock bull markets. Like gold itself, this sector tends to slump to a seasonal low in mid-March before embarking on a strong spring rally in […]
SPX & Oil At Critical Juncture

SPX & Oil At Critical Juncture

The SPX at the 2050 level looks like a great place for a ‘pullback’ to begin as indicated in the chart below. There is a potential “distribution topping phase” in which the SPX may pull back to 2000.  I see a potential target at 1890. The price has made a series of lower swing highs and lower swing […]
4th Quarter “Final” GDP Estimate 1.4% – Expect Revisions

4th Quarter “Final” GDP Estimate 1.4% – Expect Revisions

Today the BEA released its third estimate of 4th Quarter 2015 GDP. Fourth quarter GDP purportedly increased from 1.0% in the second estimate to 1.4% in the third. The BEA used to label the three estimates as advance, preliminary, and final. Now it’s just 1-2-3. That was a good move because there is nothing final about […]
Bad — But Better Than What’s Coming

Bad — But Better Than What’s Coming

Talk about diminished expectations. This morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which is odd, considering that for most of the past century a number this low would have been seen as weak enough to require emergency action. And that’s just the headline number. Dig a little deeper […]
Clean Up Your Portfolio With These Waste Removal Stocks

Clean Up Your Portfolio With These Waste Removal Stocks

Investing in the waste removal space is probably not for you if you prefer to exercise a very aggressive growth strategy.These days though, it’s best to play it safe.We’ve all seen the market take us for a wild ride in 2016 so far, so it may be wise to tread the safer path.We have rebounded […]
EUR/USD And GBP/USD Forecast – March 25, 2016

EUR/USD And GBP/USD Forecast – March 25, 2016

EUR/USD The EUR/USD pair initially fell during the course of the session on Thursday, but found enough support below to turn around and form a perfect hammer. This hammer sits upon the top of a massive collection of trading just below, and with that being the case I feel that this hammer has formed at […]