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Lessons In Inequality: Why Don’t GE’s Directors Get Fired?

Lessons In Inequality: Why Don’t GE’s Directors Get Fired?

Roger Lowenstein has a very good piece in the Post about GE’s (GE) hiring of a new CEO after the prior one served less than a year. The (Expensive) Lesson GE Never Learns By Roger Lowenstein, October 12, 2018 The executive pay problems at GE date to Jack Welch, whose tenure showed that pursuing a […]
Financial Wrap-Up: Weekend Edition

Financial Wrap-Up: Weekend Edition

Video length: 0017:17 Ira Epstein Shares his financial wrap-up following a crazy week in the markets.
Soft Drinks Industry Outlook: Will Healthy Options Bring Fizz Back?

Soft Drinks Industry Outlook: Will Healthy Options Bring Fizz Back?

Non-alcoholic beverages like sparkling soft drinks, juices, enhanced water, sports and energy drinks, and dairy and plant-based beverages are the main constituents of the soft drinks industry. Additionally, some industry participants produce and sell handy foods and snacks, which complement their non-alcoholic flavored and sweetened beverages portfolio. The soft drinks industry holds a dominant place […]
Panic City & Cramer’s Revisionist Market History

Panic City & Cramer’s Revisionist Market History

“I love the smell of napalm in the morning” … Robert Duvall as gung-ho, Lt. Colonel Kilgore in Francis Ford Coppola’s classic Vietnam film, “Apocalypse Now.“   In Kilgore’s case it was the “smell of victory” … not so for the market. Since Monday, Oct. 8, it was napalm morning, noon and night for US equities, burning investors […]
Last Week Was Just A Taste Of The Coming Gold Short Squeeze

Last Week Was Just A Taste Of The Coming Gold Short Squeeze

The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they’ve ever been and commercials going even more long. Here’s the gold data in chart form: These are historically huge imbalances that – if the action in the paper markets […]
USD/CAD Forecast October 15-19 – Hugging 1.30 Ahead Of A Double-Feature Friday

USD/CAD Forecast October 15-19 – Hugging 1.30 Ahead Of A Double-Feature Friday

Dollar/CAD drifted back up in a week that was mostly about a risk-off atmosphere. What’s next? The BOC’s Business Outlook and a double-feature Friday stand out. Here are the highlights and an updated technical analysis for USD/CAD. Stock markets tumbled down and the ensuing risk-off atmosphere weighed on the loonie, a risk currency. The Canadian Dollar […]
JPMorgan Lists 5 Reasons Why The Market Rout Can Continue

JPMorgan Lists 5 Reasons Why The Market Rout Can Continue

In the aftermath of last week’s sharp selloff which saw the S&P drop more than 3% on Wednesday, the third such drop of the year bringing the number of YTD 3% loss days to three and the highest since 2011 as the market becomes increasingly fragilea debate has broken out among traders as to the source […]
VIX: Why The Stock Market Will Retest Its Crash Low

VIX: Why The Stock Market Will Retest Its Crash Low

VIX spiked this Wednesday as the stock market crashed. It was a particularly large one-day spike. But while the overall rise in VIX this week was big, it wasn’t exceptionally big. VIX spiked more than 3.5 standard deviations above its 20 weekly moving average this week. Historically, this led to some more short term weakness in the stock market. […]
Tall Buildings, Mighty Crashes

Tall Buildings, Mighty Crashes

On Wednesday the DJIA took an 800 plus point beating. On Thursday, another 500 points were shed. At the same time, the mood of real estate buyers has darkened. Austrian Business Cycle Theory is proven right again. President Trump is blaming the central bank, “No, I think the Fed is making a mistake. They’re so […]
Economic Data And Forecasts For The Weeks Of October 15 And 22

Economic Data And Forecasts For The Weeks Of October 15 And 22

Here are my forecasts for upcoming economic data.         Forecast  Prior Observation  Consensus   Week of October 15         October 15         Retail Sales – September 0.5% 0.1 0.6   Retail Sales, ex Autos 0.4 0.3 0.4   Retail Sales, ex Autos and Gas 0.4 0.2 […]