Can Asset Bubbles Be Mathematically Quantified Before They Burst?
The subject of asset bubbles and market crashes has fascinated me for more than 20 years. As an options market maker for Susquehanna International Group (“SIG”), extreme price movements were a daily source of concern. I sat next to Jeff Yass for years and watched him manage option positions in thousands of different stocks. Almost daily he would […]
U.S. Shale Oil Production Update: Financial Carnage Continues To Gut Industry
As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of its horizontal laterals. The stench of fracking fluid must be driving shale oil advocates utterly insane as they are no longer able to see financial wreckage […]
Most Valuable U.S. Companies Over 100 Years
How much does the business world shift in a century? Today’s visualization comes from HowMuch.net, and it uses Forbes data to show how the list of the top 10 companies in the U.S. has evolved over the last 100 years. 1917: THE INDUSTRIALIST ERA In 1911, both John D. Rockefeller’s Standard Oil and J.P. Morgan’s U.S. […]
Apple Stock Vs. Amazon Stock: Race To A $1 Trillion Valuation
There’s been talk of Apple Inc. (Nasdaq: AAPL) carrying the iPhone maker to a $1 trillion valuation for more than a year, but talk about Amazon.com, Inc. (Nasdaq: AMZN) has emerged more recently. The two companies are in a race of sort, with analysts debating which company will reach a 13-figure market capitalization first. Some put Apple there […]
Envision Buyout Price Could Approach $50 Per Share, Says Oppenheimer
After Bloomberg reported that private equity firms Carlyle Group (CG) and Onex (ONEXF) have shown interest, Oppenheimer analyst Michael Wiederhorn says he believes a buyout offer for Envision Healthcare (EVHC) could approach $50 per share. The stock in afternoon trading is up 8% to $27.96. Such an offer is based on an 11 times 2018 […]
5 Best-Performing American Funds Mutual Funds Of Q3
American Funds generated outstanding returns from some of its key funds during the third quarter as reflected in the Morningstar FundInvestor “Great 38” list. According to the list, out of 38 funds, 11 are under the American Funds’ family. The inclusion of some key funds from the company in the Great 38 List is likely […]
WTI/RBOB Extend Losses After Huge Crude Build
WTI/RBOB prices tumbled today on demand outlook cuts (and late comments from Brazil and Russia with regard OPEC cuts) ahead of tonight’s API report which is expected to show crude and gasoline draws. However, WTI/RBOB prices extended their losses as Crude(biggest in 9 months) and Gasoline saw significant builds. API Crude+6.513mm(-2.4mm exp) – biggest build in […]
This Omen Means Range-Bound
In this video we discuss the omen that means we are entering into range bound trading. Watch this video before you unnecessarily panic at what lies ahead…
Debt Deflation Setup: Credit Card Defaults And Subprime Auto Delinquencies Rise
Serious mortgage delinquencies are leveling off and remain one recession away from a serious upswing. Credit card and auto loan delinquencies are already on the rise. Bloomberg reports Subprime Auto Delinquency Is Near Crisis Levels at Non-Bank Lenders. There’s a growing rift in car debt: Delinquent subprime loans are nearing crisis levels at auto finance companies, […]
The Bears Keep Trying + The Bears Keep Failing
Give it a few hours, the market will bounce right back up! That’s the mentality of traders these days, and it is brutal from the standpoint of getting any real momentum to the downside. Today, just like we saw on October 25th, and again on November 2nd, 9th and today, we have the intraday sell-off […]
