Category Archive: Finance
Etsy, Inc. Crashes After Earnings Disappointment
Etsy released the earnings results from its first fiscal quarter after closing bell tonight, sending shares into a downward spiral. The company posted a surprise loss of 84 cents per share on $58.5 million in revenue, a 44.4% year over year increase. Analysts had been expecting Etsy to post earnings of 3 cents per share […]
Chop, Chop, Choppin’ At The Fed’s Front Door
With apologies to Bob Dylan, its clear that the casino does believe that the Fed is the monetary equivalent of heaven’s front door. Ever since QE officially ended last October, the market has been chop, chop, choppin’ higher on the slightest hint that 78 months of free carry trade funding may not end after all. This […]
S&P 500 Snapshot: A Fractional Loss Snaps A String Of Three Record Closes
The S&P 500 traded in a narrow range from the opening bell and through the lunch hour. A weak early afternoon rally took the index to its 0.18% intraday high, but it was followed by a fairly rapid selloff to the -0.22% intraday low. Some buying in the final hour trimmed the loss to a […]
SP 500 And NDX Futures Daily Charts – Teen Spirit
The markets were thrilled this morning with Housing Starts and Building Permits numbers that were far above estimates, stoking hopes that the economy is recovering. I would like to know the target market for these homes, and how many are spoken for. You’ll forgive me for wondering if these are going into the speculative overhang […]
Ten Ideas To Save The Economy Step 4: Bust Up Wall Street
<< Read Step 1: Making The Economy Work For The Many, Not The Few – Step 1: Raise The Minimum Wage << Read Step 2: Making The Economy Work For The Many, Not The Few – Step 2: Make Work Family Friendly << Read Step 3: Ten Ideas To Save The Economy – Step 3: Expand Social Security […]
Urban Outfitters, Inc. Plummets On Disappointing Q1 Results
Urban Outfitters plummeted after the company reported disappointing financial results for the first quarter ended April 30. The shares of the specialty retailer were trading $34.20 per share, down by 16% at the time of this writing around 2:09 in the afternoon in New York Urban Outfitter financial results During the first quarter, Urban Outfitters generated […]
The Real Reason Draghi Is Front-Loading Q€ (In 1 ‘Disappointing’ Chart)
When US Macro data started to crumble after QE3 ended last year, and with it US equities, The Fed unleashed Jim Bullard to suggest that QE4 was possible if things deteriorated… and in that moment, everything broke. The last few months have seen expectations of a European recovery dashed as macro data has disappointed […]
Warren Buffett’s Asset Allocation: Skimpy On Bonds
It seems I’ve been writing a lot about Warren Buffett lately. Earlier in May I used one of his favorite valuation tools to determine U.S. stocks are significantly more expensive than their overseas peers, and a few weeks before that I considered a letter he wrote back in 1999 that would suggest U.S. stocks are priced to deliver pretty crummy returns […]
Three Other Ways To Play Defense
The broader stock market (as measured by the NYSE Composite) may be making marginal progress. A 2.5% appreciation in price over the last nine months is mildly positive. Similarly, higher lows are typically indicative of ongoing strength. It would be reasonable, however, to discuss whether the risk of participation is worthy of the potential […]
Is This The Safest Gold ETF For 2015?
Gold had one of its worst nightmares in the last two years as investors shifted to more risky asset classes like equities. This is especially true in the backdrop of the strengthening dollar and continued bullishness in the stock market, two conditions that spoilt the safe haven appeal of the yellow metal. The bleeding stretch […]
