Category Archive: Finance
Draghi Clause Arrives
A desperate ECB moves big. More honest reflection from Richard Fisher, former president of the Dallas Federal Reserve. And Albert plays The Gartman Game. Video Length: 00:15:15
Here’s How Investors Get Tricked Into Buying Companies Like Valeant
Many of my readers have written to say they made a killing trading Valeant (VRX) since I told you the stock was “Everything That’s Wrong with the Markets” (Oct. 15, 2015). That trade has certainly gone our way, as VRX crashed from $168.87 to close at $61.31 on Friday. Those VRX March 18, 2016 $50 […]
Nasdaq (QQQ) Breaking Below Key Support
Intraday the Q’s took a bit of a hit today. On the daily it is finding support at the 50-day moving average. But when you zoom in on the 30 minute chart, there is some weakening taking hold and with the break below $104, there is a good chance that we see at least a […]
Is This The End? Draghi Fires His Bazooka And Markets Turn Away In Disgust
ECB chair Mario Draghi delivered big-time this morning, by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing has sent the financial markets into Pavlovian ecstasy, with stocks soaring and the local currency falling. Sound money people have for years been warning that such New Age monetary policies […]
Is Gold Going To $8,000?
Last summer I drew attention to the horrific bear market in gold and gold mining stocks suggesting, “it’s time to get greedy in the gold market.” Since then, gold has found its footing and, so far this year, has been the best performing asset class in the world. Gold has now risen well above its […]
Passive Investing Isn’t Hurting The Economy
The new sales pitch for the high fee active manager goes something like this: “passive investing has gotten so large that this creates greater opportunities for us to take advantage of these inefficiencies and outperform the market.” In fairness, this comment is partly true because more passive investors should create the need for more active […]
Binary Options Trading Opportunities For March 11, 2016
During the day, we don’t get much in the way of economic announcements so we believe that this will be a technically driven trading session. With that in mind, we look at the following 3 scenarios. Volatility in the DAX The DAX initially shot higher, touching the €10,000 level, but turned back around during the […]
Post-Draghi Panic Leads To Bidding Scramble For 30 Year Paper
And so things are back to normal: following yesterday’s unexpectedly poor 10 Year auction, which tailed notably while the bid to cover dipped despite it trading at the -3.00% fails rate in repo, moments ago the Treasury sold $12 billion in a 30Y reopening of Cusip RQ3, at a yield of 2.72%, stopping through the […]
SPX, Mind Your Gap
I have allowed for the S&P 500 to rise to 2030 (bounce target: 2000-2030) before starting to even think about a revision of the ongoing intermediate bearish analysis. Today’s post-Draghi roll over is not a positive but it does not preclude the market from getting up to the SMA 200. Either way, there is a […]
Outside-The-Box Value
I love Value investing, but it’s not always so easy to execute. The ratios are all well known and easy to calculate, so the low hanging fruit tends to get quickly arbitraged out of existence as everybody and anybody pounces, often leaving behind stocks that have modest ratios because the companies are dogs whose stocks […]
