Dow Record Close Despite Bond Yields, Bullion, & Black Gold Battering
Despite the best efforts of business media to paint a rosy picture of the Black Friday spend-fest, stocks had only one trajectory – from upper left to lower right – from the open. Small Caps were slammed but all major indices gave up significant knee-jerk “energy schmenergy” gains to close ugly. However, The Dow was pushed just […]
The Coca-Cola Company, SABMiller Ink Africa Bottling Deal
Cola giant, The Coca-Cola Company (KO – Analyst Report) recently entered into an agreement with SABMiller plc (SAB.L) and Gutsche Family Investments, to merge their bottling operations in Southern and East Africa to form the largest Coca-Cola bottling entity in the continent- Coca-Cola Beverages Africa. SABMiller plc is one of the largest bottler of Coca-Cola drinks. On the other […]
Small Cap Leadership Kaput
It’s a monthly chart and these guys move like molasses on a cold winter day. But we might wonder how long it may take for the stock market’s loss of leadership to manifest in some problems. The chart is untouched and unchanged in status since it was produced a few months ago. So for bulls […]
ISIS Wants To Introduce Gold Coins
We all more or less know what is going on in the world right now. There is the political turmoil between Ukraine and Russia, the fear surrounding the deadly Ebola virus, and the actions of the terrorist group ISIS are being monitored closely. Often, as an investor or trader, we do not take these conflicts […]
Great Graphic: China Market Cap Surpasses Japan
This Great Graphic, composed on Bloomberg, shows that China’s market capitalization (white line) is greater than Japan’s (yellow line). This is the consequence of two forces. Click on picture to enlarge First, the Chinese stock market has easily outperformed Japanese stocks this year, and by a wide margin. The Shanghai Composite is advanced 26.8% this year and […]
Dividend Aristocrats In Focus Part 47: Bemis
Bemis (BMS) is one of the most unknown Dividend Aristocrats. It does not have the instant name recognition that fellow Aristocrats McDonald’s (MCD),Coca-Cola (KO), or Wal-Mart (WMT) have. Bemis is a global packaging manufacturing with a market cap of just under $4 billion; very small for a Dividend Aristocrat. The company has paid increasing dividend for 31 consecutive years and […]
Oil And Markets
Bloomberg news points to continued trends in oil production and prices. Yves Smith also comments here. …Conventional oil producers in OPEC can no longer dictate prices, United Arab Emirates Energy Minister Suhail Al-Mazrouei said in an interview on Nov. 26. Newcomers to the market who have the highest costs and created the glut should be the ones […]
If It Walks Like Deflation And Talks Like Deflation . . .
Call me crazy, but there seems to be a lot of chatter devoted to convincing us that we’re not in a deflationary spiral. One of the main rationales behind QE was that quintupling the size of the Federal Reserve’s balance sheet was necessary to engineer a “healthy” rate of inflation of at least 1-2%. Let’s see what […]
A Fractured Misconception
Amongst the permabulls of our race – which is basically everybody at this point – there’s this empty-headed notion that as crude oil prices plunge (an event I predicted repeatedly here on Slope), cheaper gas would make the economy boom even more. I’ve read this sentiment so often that I just had to same something – in case you […]
