Author Archive: Jeremy Parkinson
More Gains: Is This Market Unstoppable?
Too good to be true? More gains for the stock market. It feels unstoppable. The PMO index is at its max. In a normal cycle, this is usually when I start thinking about lightening up a bit and raising some cash. I’m starting to take partial profits on anything that looks extended, and I am […]
Waiting For The Market To Boom Is A Terrible Strategy
Sam Lee wrote a very awesome piece last year titled “Waiting for the Market to Crash is a Terrible Strategy“. The basic gist of the post was that you shouldn’t wait around for market crashes trying to time when you will invest in the markets. That summary is a disservice to Sam’s thoughtful post so […]
Natural Gas Prices Briefly Settle Down
After a wild few weeks of trading, natural gas prices seemed to settle down a bit today. The February contract traded in an 8.5-cent range through the day today, which is the smallest intraday range for the prompt month natural gas contract since December 19th. This came as prices gapped up weakly last night and […]
The Bulls Are Still Rockin’ The Stock Market In The New Year
The bulls have yet to see a single day in the red so far. There is so much green across the board, that the market is once again, becoming very easy. I’m a little tepid here. I added some positions in late December, as well as all throughout last week. There are more positions that […]
Roth Recharacterization Is No Longer Allowed
With the passage of the Tax Cuts and Jobs Act (TCJA) of 2017, recharacterization of a Roth Conversion is no longer allowed. This begins with tax year 2018. Briefly, recharacterization of a Roth conversion is (used to be) useful if you wanted to undo a Roth conversion sometime before your tax return is filed for […]
Fallen Angel Risk Realized: ECB Liquidates Entire Steinhoff Position
Remember that piece of sh*t Steinhoff position the ECB had on its books thanks to CSPP? That would be the one we wrote about last month in “Fallen Angels And Draghi’s Steinhoff Demons.” Amid questions about whether Steinhoff’s trials and tribulations underscore the inherent danger in the central bank’s corporate bond buying program, Draghi defended CSPP has […]
The Conspicuous Rush To Import
According to the Census Bureau, US companies have been importing foreign goods at a relentless pace. In estimates released last week, seasonally-adjusted US imports jumped to $204 billion in November 2017. That’s a record high finally surpassing the $200 billion mark for the first time, as well as the peaks for both 2014 and 2007. […]
The Ratio Of Part-Time Employed: December 2017
Let’s take a close look at the latest employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government’s Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population […]
Seagate, Western Union Links To Ripple In Focus As Cryptocurrency Tumbles
As top three cryptocurrencies Bitcoin, Ethereum and Ripple all tumble, Seagate Technology (STX) and Western Union (WU) are in focus due to their links to Ripple Labs. SEAGATE’S RIPPLE HOLDINGS: Seagate invested in both the 2015 $28M Series A and 2016 $55M Series B fundraising rounds conducted by Ripple Labs, developer of digital asset and […]
