Investing Like The Mafia
As famed market strategist Richard Bernstein has pointed out, investors should pattern common stock selection after the investment style of the Mafia. What causes the Mafia to get such good returns? How do they spot opportunities? Why should we as investors in publicly-traded common stocks emulate their behavior near the end of 2017? First, the […]
Thoughts On The Sell-Off Of PMs Today
(Audio length 00:10:00) Doc is with me today to share his thoughts on the move down in the precious metals today. Last week gold creeped up close to $1,300 but starting this week is giving up pretty much all of those gains from last week. We assess where the PMs could close and what impact […]
OPEC Meeting On November 30th To Discuss Extending The Cuts
New Sentiment Indicator It’s always interesting to see new metrics which attempt to give added insight. We have the consumer confidence index, the estimate on how much consumers plan to spend on Christmas gifts, and the consumer’s opinion on where the stock market will be in the next year. All three of those sentiment readings […]
3 Casino Stocks To Buy Now – Monday, November 20
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it’s clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now […]
Gold’s Stock Value And Bitcoin’s Market Cap
Gold’s stock value was 1 trillion dollars in 1999 & almost hit 10 trillion dollars in 2011 – currently sitting on 7.437 trillion. Bitcoin’s crypto value was 20 billion & now has risen to 120 billion in much the same manner. What many do not realise is that whilst Bitcoin might rise another 10 fold […]
Technical Analysis Of The Markets
Yikes! $450.3 million for Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night at Christie’s auction, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers” which fetched $179.4 million at Christie’s in May 2015. It also far surpassed the $127.5 million that Russian billionaire oligarch Dmitry […]
‘The Flattener Is Like Bitcoin’: This Is What It’s Come To, Folks
If you’re one of the folks who have tried to take a contrarian approach and lean against inexorable curve flattening as opposed to leaning into it harder than a Texas rapper on purple Sprite, well then you’ve probably had a rough go of it. Take Monday for instance, which finds the 5s30s eying 70bps: This […]
Soaring Deficits Force Treasury Into Foolish Gamble
The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing […]
Cardinal Health Slides As Morgan Stanley Says Sell On Amazon Risk
Shares of Cardinal Health (CAH) are sliding after Morgan Stanley analyst Ricky Goldwasser downgraded the stock to Underweight, a sell-equivalent rating, as he believes Amazon (AMZN) is looking to scale its medical supply distribution efforts and Cardinal’s potential earnings risk from the e-commerce giant’s effort is larger than its peers. Patterson (PDCO) and Henry Schein […]
Gold, Euro Slump As Merkel Admits “New Elections Are The Better Way”
EUR/USD is testing overnight lows (and gold is tumbling) after German Chancellor Angela Merkel said she would prefer to go ahead with new federal elections rather than try to form a minority government. Seeking her fourth term, Bloomberg reports that Merkel is “skeptical” about a minority government as it may not bring about necessary stability and is open to […]
