Category Archive: Finance
WTI Crude Oil And Natural Gas Forecast – March 21, 2016
WTI Crude Oil The WTI Crude Oil market initially tried to rally during the course of the session on Friday but found the area close to the $41 level to be far too much. That being the case, the market turned right back around to form a bit of a shooting star. With this, it […]
E The Whole Grail
Patti the Biotech Maven won plaudits for a US stock idea which I have written about from time to time, Illumina, ILMN, a developer of systems for sequencing a person’s genome, the key to personalized medicine according to Barron’s staffer Leslie Norton. Leslie, very much back in view in the magazine now that her son is going to school, […]
7-Deadly Investing Sins
I have often written about the emotional and psychological factors that inhibit long-term investment performance (most recently here). Despite repeated studies that suggest investors should just buy “passive index” funds and“hold on” until eternity, the reality is that it simply does not work that way. If you were raised in a religious household, or were sent to a […]
E The Death Of The Hedge Fund
Without question, this has been the quarter from hell for the hedge fund industry. It hasn’t helped that the big cap S&P 500 Index (SPY), has cratered by 14% and then immediately rocketed by 14% three times in the last 18 months, with NO net movement overall. The latest rally has seen the biggest move […]
U.S. Steel Downgraded To Underperform From Hold At Jefferies
Jefferies analyst Seth Rosenfeld downgraded U.S. Steel (X) to Underperform saying valuations in the steel space are “increasingly hard to justify” following the recent rally. The analyst expects steel pricing to lose momentum into summer. He has a $10 price target for shares of U.S. Steel. Rosenfeld this morning also downgraded Reliance Steel (RS), Commercial […]
Hail Mary
Over the past 30 years, many central banks have tried to re-order the natural drivers of economies. As opposed to savings and investment driving production and consumption, they moved consumption to the front of the line, meaning it came at the expense of savings and investment. These efforts disrupt the natural order of activities in […]
The State Of China’s Markets
The State of the China’s Markets FacebookTwitterGoogle+LinkedInRedditMore The Governor of the PBoC – Z. Xiaochuan – struck a cautionary note at the China Development Forum on Sunday the 20thMarch 2016. According to him, the Debt/GDP ratio has increased dramatically, and is fast approaching untenable levels. Some other concerns that dog the Chinese economy include an […]
Morning Call For March 21, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.06%) are up +0.11% at a 2-1/2 month high and received a boost on increased M&A activity after Sherwin-Williams agreed to buy Valspar Corp. for about $9.3 billion. Valspar surged 31% in pre-market trading and Sherwin-Williams is up over 2%. European stocks are up +0.38% on increased […]
Why Stocks And Bonds Are Useless
Looking forward, traditional investments are unlikely to produce attractive returns over the next decade. The days of investing in an S&P 500 index fund and closing your eyes and hoping for the best are over. Stocks are expensive, and interest rates on 10-year Treasuries are near historic lows as well. Frankly, neither stocks nor bonds […]
USDJPY Looks To Cap Weakness At Key Support Zone
USDJPY: With the pair continuing to maintain its downside pressure, further bearishness is envisaged though with caution. However, as long as it can hold and trade above the 110.92/66 support zone, a move higher is likely. On the downside, support comes in at the 111.00 level where a break if seen will aim at the […]
