Fear Your Platinum American Express Card
Afraid you won’t have enough to retire comfortably? You’re not alone, and a debt-fueled lifestyle is often a big part of the problem. As the 2014 EBRI Retirement Confidence Survey notes: Fifty-eight percent of workers and 44 percent of retirees report having a problem with their level of debt. Furthermore, 24 percent of workers and […]
EC The Importance Of Today’s Events Going Forward
There were two developments today that are important for investors to know about before the markets open on Friday to close the month. First, and most importantly, the results of the OPEC meeting are the most negative outcome for prices. OPEC, which over-produced in October, decided to roll-over the existing quota 30 mln barrels a day. […]
Stock Manipulation 101: Using Stock Buybacks To Mask Deep Business Problems
Stock buybacks are always a good thing… right? That’s what the mass media has trained investors to believe, but there are times when stock buybacks are a horrible strategy. Let’s take a look at Herbalife (HLF), which has had very visible news items as billionaires like Carl Icahn, George Soros, Daniel Loeb, and Bill Ackman […]
Things That Make You Go Hmmm…How Could It Happen?
“How could it happen, Grandad?” The old man’s eyes misted over as he looked down at his grandson, who sat at his feet, his young eyes alive with questions as he turned the heavy gold bar over in his hands. ”I’ve told you the story too many times to count,” said the man, half-pleading, but […]
The Upcoming Utility Shakeout
Investing Daily Article of the Week by Richard Stavros With more and more utilities trading at premium valuations, now is the time for investors to diversify their portfolios into the sector’s higher-quality names. That’s my conclusion after attending the Edison Electric Institute Financial Conference last week, an annual event hosted by the association of investor-owned […]
Munson Minutes: What Are Dark Pools?
Have your ever wondered what dark pools are? Let Lee Munson, Chief Investment Officer of Portfolio Asset Management tell you in about a minute. Video Length: 00:01:29
NewLink Genetics Scores Partnership With Merck For Experimental Ebola Vaccine
On Monday November 24th 2014 NewLink Genetics (NLNK) had announced that it had entered into a partnership agreement with Merck (MRK) to co-develop an experimental vaccine for Ebola known as rVSV-EBOV. Under the terms of the agreement Merck will pay an upfront payment to NewLink for $50 million dollars plus additional money from royalty on the Ebola candidate once […]
Mt. Gox Collapse Hurting Bitcoin
Payward Inc, one of the leading Bitcoin exchanges stated that it will assist the recently collapsed Mt. Gox, on investigating the loss of hundreds of thousands of Bitcoins and manage the process of paying back its creditors. This arrangement was approved by a Tokyo bankruptcy court. It is important to state that Mt. Gox was […]
Russia Ruble Plunges To New Record Low After OPEC Decision
Spot the difference… Tick for tick lower with crude… at WTI tests as low as $67.75 The last time we were here, chatter of intervention saved the Ruble but since then the central bank has suggested it would let the currency float freer… and seriously devaluaing since the peak in oil… Or as Shinzo Abe […]
Minsky Moment Misses The Point
It has become common for journalists and analysts refer to the Minsky Moment. Most recently, there have been numerous references to China having reached such a moment, which as far as I can tell, is used to mean some kind of peak in what the writer believes is an over-extended market. In this Cool Video, a leading […]
