Category Archive: Entertainment
Hot Bargains In Big Biotech
It has been an eventful year in the big pharma and biotech space, and a lot is happening in this space that biotech investors should take note of. The public has become dutifully aware of the phrase “tax inversion” due to some high profile mergers and proposed mergers trying to use acquisitions to lower overall […]
Will Bitcoin Ever Be Consistent?
Ex-CEO of Citigroup (C) Vikram Pandit, has come out in support for Bitcoin and believes that the innovative product has the potential of changing the way transactions happen. Mr. Pandit believes that if companies promoting Bitcoin are able to take care of its security problems and allow the digital currency to be more transparent, it […]
EC Tax Haven Benefits Are Not Investment Incentives
Tim Worstall at Forbes takes issue with my last post, claiming that we actually don’t know that U.S. state and local governments give more in location incentives than EU Member States do. He then says that while it is true that EU states give less in cash grants and other kinds of subsidies defined as “state aid” in EU […]
Fairholme Files Sealed Response To Government Motion
Here it is…. Click on picture to enlarge Now the questions have to be asked, why? The most logical reason is that much of the response contains information obtained during discovery and is then covered under the protective order due to the potentially explosive nature of it. Peter Chapman opines: Fairholme’s filing of the Response […]
Goldzilla
“History shows again and again how nature points out the folly of man” –Blue Oyster Cult, Godzilla I would have written off the gold sector long ago in its ongoing bear market had I thought for one moment that gold’s utility as insurance against the acts of monetary madmen/women in high places had been compromised […]
Rise Of The Robots
Rodney Johnson has some interesting comments on the rise of robots as a labor replacement. Robots have been replacing assembly line workers for decades. But now, they’re starting to replace retail clerks too … sort of: Just as desktop computing, voicemail, and email erased much of the need for secretaries, robots are quickly gaining ground […]
Market Commentary: Markets Open Higher, SP500 Makes New High, Volume Remains Moderate
Written by Gary Premarkets were flat all morning, but the markets did open in the green. By the 15 minute mark the SP500 was testing its historic high, the DOW finally moved into the green and the Nasdaq melted up to yesterday’s high. By 10 am the SP500 recorded a new high (2049.98), Nasdaq was still […]
S&P 500 Spikes To Record Highs As Oil Plunges & Macro Hedgers Fold
The S&P 500 is now up 12.5% from the Bullard lows in mid-October and has broken to new record highs over 2048 – within 2 points of Goldman Sachs year-end target. Since Bullard’s comments, the S&P 500 has been up 19 days and down only 5 (and today will be the 23rd day in a row of […]
US Housing Starts: October 2014 Preview
Housing starts are expected to increase to an annual pace of 1.022 million in tomorrow’s update for October, according to the Capital Spectator’s median point forecast for several econometric estimates. The projection represents a modest increase over September’s 1.017 million. Compared with a trio of estimates based on recent surveys of economists, The Capital Spectator’s […]
Home Depot Beats Q3 Earnings Estimates, Retains Outlook
Driven by strong performance across all geographies due to a rise in transactions and strength in its core store activities, The Home Depot Inc. (HD – Analyst Report) reported an improvement in its financial results for the third quarter of fiscal 2014. The company’s adjusted earnings of $1.15 per share jumped nearly 21.1% from the year-ago quarter’s earnings of […]
