Credit Suisse And Deutsche Bank Still At The Forefront (Just Where They Don’t Want To Be)
The pain of Credit Suisse (CS) and its holdover peers, such as Deutsche Bank (DB), is incredibly easy to understand. There is no need for penetrating the depths of technical jargon in interest rate swaps, forward warehousing securities or even the whole varied business of investment banking. In its Q1 2014 quarterly report, Credit Suisse […]
Twitter Turns 10 Amid Troubles: Can Dorsey Turn It Around?
Twitter Inc. (TWTR – Analyst Report), which started its journey way back then in Mar 21, 2006, turned 10 recently. When Jack Dorsey sent out his first ever tweet, “just setting up my twttr”, hardly anyone expectedthis micro blogging site to turn into such an influential medium for self expression. Twitter said in a blog post, “…as we […]
The Stock Market As Monetary Policy Junkie: Quantifying The Fed’s Impact On The S&P 500
Written by James Montier, Philip Pilkington – GMO Executive Summary One of the stated goals of the policies that the Fed has been pursuing since the Global Financial Crisis is to raise asset prices. In this short note we show that this has been standard operating procedure for the Fed since Greenspan’s tenure began. However, the […]
Bear Of The Day: PotashCorp
Saskatoon, Saskatchewan based PotashCorp (POT – Analyst Report) is the world’s largest fertilizer company by capacity. It produces potash, nitrogen and phosphate–the primary crop nutrients required tomaintain healthy and productive soils. They have operations in seven countries and their products are sold throughout the world, including North American, Asian and Latin American markets. Dismal Results; Dividend Slashed Weak global […]
5 Travel Stocks Hit By The Brussels Attacks
At least 31 people were killed and more than 200 injured during terrorist attacks on Brussels airport and a metro station on Tuesday. The Islamic State (IS) claimed responsibility for the two attacks which took place on Tuesday. These tragic developments sent ripples throughout Europe and the world at large. Authorities have been forced to […]
One Of The Most Accurate Forecasters Of 2016: “S&P Is The Most Overbought Since 2009: Sell!”
Lately being a bear has meant sharing quite a crowded field. First it was JPMorgan, which not only said to sell any rallies, but three weeks ago said it had gone “underweight stocks for the first time since the financial crisis”; then technicians such as Evercore ISI summarized their sentiment as follows “I’m out; my […]
Why I’m Still Short Miners (And You Should Be Too)
Right now, the industrial commodities complex (along with the Dow and the S&P 500) seems to be recovering. The key word there is “seems.” BHP Billiton (BHP) has recovered 33% since January lows, Glencore is up 112%, and GSG and DBC, the broad-based commodity indexes I track, are up about 17% and 13% respectively since […]
Is The S&P 500 Trading At Expensive Valuations?
Analysis Overview – Amidst volatility, the S&P 500 index has largely been range bound in the last 24 months with the index returning 9.5% during this period. This article discusses historical and forward valuations for S&P 500 to conclude on the potential direction for the index in the next 12 months. S&P 500 PE Valuations (1988 […]
What 2 Things Can Accenture Depend On This Quarter?
Photo Credit: Luis Villa del Campo Accenture PLC (ACN) Information Technology – IT Services | Reports March 24, Before Market Opens Accenture (ACN), one of the largest management consulting firms, is scheduled to report FQ2 earnings tomorrow, before the opening bell. The company is coming off a mixed first quarter where it missed the Estimize consensus by […]
Short Setups If This Market Were To Finally Break
I’m actually net short on this market – that is 10% short, 90% cash. I honestly see the reward being to the downside, while the market to the upside has hardly no reward until the market does in fact pullback. Basically the market is stuck in a conundrum. Bulls want this market to go higher, […]
