Author Archive: Jeremy Parkinson
Federal Reserve Hot Air Pumped Up A Stock Market Bubble; 93% Of Gains Due To Monetary Policy
The mainstream financial media is like a stopped clock. Every once in a while, it stumbles into being right. Last week, we had a veteran trader on CNBC Futures Now telling everybody to buy gold as long as central banks continue their expansionary monetary policy, all the while swearing he isn’t a “gold-bug.” This week, we have analysis appearing […]
Retailers Seem To Agree With Global Manufacturing
According to Discern Investment Analytics, the number of retail store closings in the first two months of 2016 was about a third more than the closings in the same two months last year. That’s bad news just in terms of the raw increase, but more so given that there was a wave of shutting retailer outlets last […]
Chart Of The Day: Business Sales Down 5.1%, Inventory Ratio At June 2009 Recession Level
Business Sales Down 5.1%, Inventory Ratio At June 2009 Recession Level.
Stocks Trading Below Their Graham Number – March 2016
One popular approach to investing based on Benjamin Graham’s methods is to use the so-called “Graham Number.” There are some important differences between the Graham Number and the Graham Formula, but using the Graham Number is definitely useful even if the investor only uses it as a screening tactic. I’ve selected the best companies reviewed by […]
Silver – A Long-Term Perspective
We all know silver is volatile. When gold rallies, silver usually rallies faster and farther, particularly after the rally has been well established. Volatility is not a reason to avoid silver. Instead, now is a time to continue stacking. Yes, silver almost certainly will correct many times, but examine the big picture. Over the past 50 […]
Must Watch Resistance For S&P 500
Bulls still hanging on today, they are doing everything they can to hold on to the 2042 intraday level that is an obvious short-term support level on the 5 and 30 minute charts. But the bigger theme here is the declining trend-line off of the November highs that the bulls have repeatedly unable to break through. The […]
February 2016 CFNAI Super Index Insignificantly Improves. Well Below Expectations
The economy’s growth was statistically unchanged based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – and remains below the historical trend rate of growth (but still well above levels associated with recessions). This was well below market expectations. The three month moving average of the Chicago Fed National Activity […]
Mariott And Starwood Sign Amended Merger Agreement
Marriott (MAR) and Starwood (HOT) announced that the companies have signed an amendment to their definitive merger agreement that creates the world’s largest hotel company. Under the terms of the amended merger agreement, Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International, Inc. Class A common stock for each share of […]
Interest Rates Are Never Going Back To Normal
Grotesque Mutants BALTIMORE – Let’s see… U.S. corporate earnings have been going down for three quarters in a row. The median household income is lower than it was 10 years ago. And now JPMorgan Chase has increased its estimated risk of a recession to about one in three. From the grotesque mutants collection Image via […]
It’s Day 26 Of The Rally – Decision Time
In September/October 2015, the S&P 500 miraculously rallied just over 13% in 25 days amid falling earnings expectations, before collapsing back to fresh cycle lows. It has now been 25 days (and just over 13%) since the Mid-Feb lows (and earnings expectations are plumbing new lows)… The same but different? h/t @ErikFridman Nope… The […]
