FTSE 100: The Multi-Month Bearish Trend Has Slowed, But Is It Over?
It has almost been a year since the FTSE 100 peaked at 7128 on April 4, 2015. The index has since then given up 970 points or 13% from that high, with the only exception being that of February 5, whereby the index was down by 22.9% from its 2015 high. The drag on the index over the last […]
EC Earnings Expected To Decline For 5 Consecutive Quarters
Markets are forecasting mechanisms and they typically shift into a weak technical profile for a reason. One possible explanation for the concerning look of longer-term charts is a sharp drop in earnings expectations for U.S. companies. From Zack’s Investment Research: “We now have three quarters of back-to-back negative earnings growth and this picture isn’t expected to change in […]
The West Is “Copying Japan”: HSBC
When the Big Bank crime syndicate (and our puppet governments) announced all of their near-zero interest rates, and “quantitative easing” (i.e. monetizing debt) back at the beginning of 2009, all the central bankers and all the puppet-politicians smugly assured us that “they would NEVER COPY JAPAN.” Then, immediately, they continued to copy Japan — except to a greater […]
Citigroup Is A Buy
Citigroup Inc. (C) is a global financial services company. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. The Company also offers various wholesale banking products and services, including fixed income and equity […]
Fitbit’s Valuation Is Absurd
We haven’t been shy about expressing our opinion that one of the more attractive recent additions to the Magic Recipe Spell has been fitness tracking wearables kingpin Fitbit (FIT). The stock’s path since the IPO late last June has been pretty remarkable. On its first day, stock closed 50% above its IPO price of $20/share, and soared all […]
An Easy Way To Double Your Gold
Few people truly understand gold. Gold is money, it’s not an investment. if you want a portfolio that preserves wealth, money is a good place to start. There’s even an easy way to double your gold, so you can double your wealth. But first, you need to understand why gold is money. When you take […]
Valeant Catastrophe
For those keeping score, that’s an 86% drop in about seven months. But at least the highly-paid Wall Street Analysts totally called this one. Of course, here on Slope, the posts were more along these lines (from months ago).
The Actual Direction Of Sales
It is increasingly difficult to account for the estimates provided by various statistical agencies when there is no consistency not just with other non-governmental series but within each. The latest retail sales report has nothing in common with anything including itself. The mess features major revisions for the prior two months that simply leave the […]
Japanese Gold Buying Spree Confirms Negative Interest Rates Good For Gold
Over the last several weeks, we’ve been building the case that negative interest rates are good for gold, and mainstream analysts have echoed our thoughts. Last week, Britain’s largest bank, HSBC, issued a statement saying the longer the world’s central banks continue to experiment with negative interest rates,the better the outlook for gold. James Steel, HSBC’s […]
U.S. Industrial Production: February 2016 Preview
U.S. industrial production is expected to remain unchanged in tomorrow’s February report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects a sharp deceleration after the previous month’s strong increase. The Capital Spectator’s average forecast is above the projections of three recent surveys of economists. […]
