Author Archive: Jeremy Parkinson
Weekly Heating Oil Prices – Wednesday, Nov. 29
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $2.85, up two cents from last week and up […]
Managing Assets When Markets Become Irrationally Effervescent
When I co-hosted a national talk radio show in 2000, tech stock inquiries came furious and fast. JDSU or Sun Micro? Powerwave or Cisco? Webvan or theGlobe.com? Few expressed concern about a recession. Few wondered if they might lose money by investing in the New Economy’s Internet favorites. Even fewer callers believed that they might want […]
Market Talk- Wednesday, Nov. 29
Asia performed well overnight following on from a strong US session. The Nikkei opened strong and remained well bid into the close. The Yen fell towards the high 111’s a loss of around +0.3% on the day. The North Korean missile test with it apparently falling into Japanese waters, was quickly ignored even given the […]
FANG Shareholders Lost Almost 20 Times More Than Bitcoin Investors Today
While all eyes were told to focus on the cryptocurrency chaos over here… the widely-owned ‘no-brainers’ FANG stocks suffered total losses that were almost 20 times larger than the ‘losers’ in Bitcoin… At the end of the day – amid all the turmoil – Bitcoin ended the day down over $3 billion in market cap… […]
Stocks And Precious Metals Charts – FANG Stocks Take The Gas Pipe – Dow ‘Industrials’ Set Record
“He who does not bellow the truth when he knows the truth makes himself the accomplice of liars and forgers.” Charles Peguy The Tech stock bubble was hit by selling on higher than usual volume today, leading the NDX lower by almost a full percent. The SP 500 finished up unchanged. But the Dow Industrials […]
EUR/USD Back To 1.19?
The euro bounced off its lows of 1.1817 to end the day in positive territory. The latest economic reports were mixed with German consumer prices rising in November, Eurozone business confidence ticking upwards but industrial and services confidence fell short of expectations. Even so, all of these represented improvements in the Eurozone economy. The latest […]
The Real Reason To Invest In Bitcoin
My Thanksgiving was full of good cheer, as I expected. The food followed the usual script: The dark meat was better than the white… the stuffing was better than the mashed potatoes… and the pies were amazingly good. What was different? A new topic dominated the conversation. Yep, you guessed it: cryptocurrency. I sat next […]
How To Invest Your Money In 2018
You’ve heard it a thousand times: Past performance is not a guarantee of future performance. Yet, past performance is all we have to forecast the future. This is true everywhere. If you play fantasy football, you make decisions for next weekend based on past performance. When hiring or promoting someone, managers make decisions based on […]
Yellen Asks Congress For Pro-Growth Policies, Ducks Question On Taxes
Janet Yellen appeared before Congress today. She ducked a question on taxes and asked Congress for pro-growth policies. Outgoing Fed Chair Janet Yellen Received a Warm Reception at what will be her last appearance before Congress at the Fed’s semiannual report to Congress on monetary policy. In her testimony on Current Economic Outlook and Monetary Policy, Yellen expressed […]
Eliminating The State And Local Tax Deduction Is A Terrible Idea
The tax “reform” currently being discussed in Washington is mostly a political exercise for politicians who can use the process to extract more campaign contributions from supporters, and punish non-supporters. The actual tax burden imposed on Americans overall will change little. The proposed elimination of the deduction for state and local taxes (SALT) is an […]
