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Investing Advice From Uncle Polonius – Illustrated

Investing Advice From Uncle Polonius – Illustrated

Over the weekend, I was reviewing some old commentary and stumbled across a piece from 2012 which contained an excerpt from Jeremy Grantham who is the famed investor at GMO. I have spoken, and written many times in the past, that the media and Wall Street alike promotes the bullish and optimistic views not because […]
Markets: Budgets

Markets: Budgets

Winners and losers dominate the headlines with the Boston Red Sox in baseball and Bolsonaro in Brazil the winners. Merkel and Xi appear to be losing so far today and Mexico maybe the EM pain trade to watch as voters there reject the $13bn airport redevelopment. China shares back as the headline spook on global risk […]
PCE Price Index: September Headline & Core – Monday, Oct. 29

PCE Price Index: September Headline & Core – Monday, Oct. 29

The BEA’s Personal Income and Outlays report for September was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.12% month-over-month (MoM) and is up 1.99% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.15% MoM and 1.97% YoY. Core PCE is just […]
Warning: Stocks Are Going To Drop A Lot Further Than You Think

Warning: Stocks Are Going To Drop A Lot Further Than You Think

The bull run is over. Yes, we will get bounces, but long-term stocks are going down… and not a little… a LOT. The S&P 500 has broken its bull run trendline. That’s bad news. But unfortunately, it gets worse from here. Stocks have violated the monthly trendline running back to the 2009 for the first […]
Merkel To Step Down As Leader Of CDU

Merkel To Step Down As Leader Of CDU

We absolutely must understand that Merkel is on her way out and she has been the face of the entire European Union. This is incredibly important for it will ultimately undermine the Euro itself. Keep in mind that the entire play within Euroland has been to buy the Bunds and sell just about everything else. The primary reason […]
The Capital Pain Of Reaching For Marginally Higher Yields

The Capital Pain Of Reaching For Marginally Higher Yields

Reaching for marginally more yield in corporate debt and equities, while taking on much higher capital risk, is dumb money management. And yet, it continues to be the consensus financial recommendation. Today, because BAA-corporate bonds have been indiscriminately bought at high prices, their yield spread or net income benefit compared with much more liquid and […]
Bull Of The Day: Turtle Beach (HEAR)

Bull Of The Day: Turtle Beach (HEAR)

Turtle Beach (HEAR – Free Report) is a $260 million maker of headphones for gamers whose stock exploded higher this year after surprising investors and analysts with big sales and profit growth. In fact, its sales this year are expected to grow 78% and exceed its market cap, giving it a very attractive price-to-sales valuation of under 1.0. […]
Danger Points

Danger Points

Oil prices have reached a critical danger point as selling comes in on fears of a slowdown in economic growth. Recent increases are giving the market a sense of security that supplies will be more than ample to weather whatever comes. Yet, the market’s complacency about where we are with supplies is based solely on […]
Friday’s Late-day Bounce – Chance For Bulls?

Friday’s Late-day Bounce – Chance For Bulls?

The U.S. stock market indexes lost between 1.2% and 2.1% on Friday, following Thursday’s quarterly earnings releases from Amazon and Alphabet. The S&P 500 index has reached the new medium-term low at the level of 2,628.16. It was 10.6% below September the 21st record high of 2,940.91. It currently trades 9.6% below the all-time high. The Dow Jones Industrial […]
Auto Stocks Surge On Report China Weighing 50% Cut To Car-Purchase Tax

Auto Stocks Surge On Report China Weighing 50% Cut To Car-Purchase Tax

While the euro sold off and bund yields climbed on reports that German Chancellor Angela Merkel has started the process of stage-managing her exit, shares of German automakers climbed early Monday morning following a rough stretch for automakers, which have been badly bruised during the ‘Shocktober’ selloff, following reports that China’s top economic planner has […]