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Overhyped

Overhyped

There have been a number of stocks that tied themselves to the crypto comet in order to boost their own sagging stock prices. There’s Kodak (KODK), Long Island Iced Tea (LTEA) and, shown below, Overstock (OSTK). Yesterday I shorted a small position of OSTK, partly because of its history of having a crazy-huge breakout and […]
Is Hyatt Hotels A Takeover Or Just A Short?

Is Hyatt Hotels A Takeover Or Just A Short?

This article is Part III of a look at the lodging/hospitality industry.  In Part I on TalkMarkets I provided an overview of the industry: the differences between owners of the physical lodging properties and the management companies that actually train the staff and do the hiring, firing, maintenance and so on. The third leg of […]
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                        Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading

E Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading

Best known for its sleek smartphone app and commission-free trading, Robinhood is now breaking into the cryptocurrency game. Adding to its platform that already supports publicly traded companies’ stocks and exchange-traded funds, the fintech startup will start allowing users to exchange Bitcoin (BTC) and Ethereum (ETH) come February. The app has become a popular trading […]
Advance Estimate 4Q2017 GDP Quarter-Over-Quarter Growth At 2.6 Percent

Advance Estimate 4Q2017 GDP Quarter-Over-Quarter Growth At 2.6 Percent

The advance estimate of fourth quarter 2017 Real Gross Domestic Product (GDP) is a positive 2.6 %. This growth is marginally worse than the previous quarter’s 3.2 % if one looks at quarter-over-quarter headline growth.Year-over-year growth improved modestly so one could say economic growth was better. Analyst Opinion of GDP The consumer spending declined. I am not […]
Commodities: Trump’s Card

Commodities: Trump’s Card

Commodity prices were on fire on Thursday morning still soaring after comments by Treasury Secretary Steve Mnuchin that the weak dollar was good for the U.S. economy.European Central Bank President Mario Draghi then weighed in and seemed aghast at the remote possibility that someone in a high governmental position might make a comment to weaken […]
Why Has US Regional Convergence Declined?

Why Has US Regional Convergence Declined?

In the decades after World War II and up into the 1980s, the US economy experienced regional convergence: that is, the economies and incomes in poorer regions (like the US South) tended to grow more quickly than the economies of richer regions (like the US North). But in the 1980s, this pattern of regional convergence […]
Over $400 Million Stolen From Hacked Japanese Cryptocurrency Exchange

Over $400 Million Stolen From Hacked Japanese Cryptocurrency Exchange

Earlier today we reported that cryptocurrencies tumbled  overnight after one of the most popular, if unregistered, Japanese exchanges, Coincheck, halted withdrawals amid broad confusion as to what prompted the halt. Furthermore, Coincheck said it had stopped deposits into NEM coins, a hint that something fishy was taking place with the 10th-largest cryptocurrency by market value, which tumbled […]
Starbucks Corporation Shares Buck Lower On Q1 Revenues Miss

Starbucks Corporation Shares Buck Lower On Q1 Revenues Miss

On Thursday January 25th, 2017, Starbucks Corporation reported quarterly earnings after the market closed. The earnings were stellar in the realm of performance. However, when you analyze them compared to what analysts have been expecting or what the whisper numbers were, then Starbucks slightly disappointed. Subsequently, shares got blasted in the after market trading session […]
What Factors To Own In Today’s Market

What Factors To Own In Today’s Market

Investing is hard. Trying to time the market is harder. Timing return factors at the right time? Forget about it. The past few years have seen some of the industry’s brightest minds publish papers concerning the feasibility of timing return factors. The conclusions have varied slightly, but most generally agree that when investing in factors, trying to […]
Trade, Dollar, Trump

Trade, Dollar, Trump

“In the long run we are all dead” was John Maynard Keynes’ famous criticism of economic models. The rest of the quote goes, “Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” We thank […]