SP 500 And NDX Futures Daily Charts – United States Of Amnesia
“We are the United States of Amnesia, we learn nothing because we remember nothing.” Gore Vidal Stocks backed off their exuberant rally high from last Friday after that ‘goldilocks’ job number. The ‘global bond rout’ has investors nervous, and well they might be. We are led by narcissists and sociopaths, in a most unwholesome partnership between […]
Too Many People Are Still Bullish On Gold… A Bearish Sign
When it comes to sentiment, the gold market (GLD) is built on shaky foundations. At least, that is the opinion of Marketwatch-columnist Mark Hulbert. In the eyes of Hulbert there are too many investors who expect a sustainable gold rally at the moment, which is not a bullish indicator. Meanwhile there are more bears compared […]
Interest Rates “Blowing Through Resistance”
Rates have been on the rise since the first of February this year! Both the 30-Year Bond and 10-Year note are blowing right through resistance of late. Bond players might want to respect this breakout above 2-year falling resistance! Click on picture to enlarge
The Total Flop Of 3D Printing
I’m a technologist, and I always thought 3D printing was just about the dumbest thing ever. Not as dumb as the Apple Watch, which will be a complete embarrassment in the end, but still pretty damned stupid. The public is finally catching on to this heresy.
No: Rich People Don’t Work More
The meme is ubiquitous, and widely documented: Rich people work longer hours. Obvious implication: they deserve what they get, right? Ditto the poor. Bunk. Why? All the research supporting that meme looks at workers, not families. It completely ignores students, the retired, and anyone else who isn’t working. Alert the media: workers work more than non-workers. And, news flash: rich families are […]
Here’s How Acquiring Trulia Will Affect Zillow’s Q1 Earnings
(Photo Credit: Daniel Piraino) Online real estate database, Zillow Group (Z), is set to report first quarter earnings Tuesday after the closing bell. This is the first quarter that Zillow’s earnings will reflect it’s acquisition of former rival Trulia. The merger gives Zillow approximately 60% control of the online real estate advertising industry and will have […]
Five Mining Companies Joe Reagor Believes Are Ahead Of The Curve
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. ROTH Capital’s Joe Reagor believes that the price of gold will rise as confidence falls in the value of the U.S. dollar. In the meantime, several companies with great assets are struggling to […]
Canaries In The Coal Mine, Part 1: Tech High-Flyers Fall To Earth
While the “stock market” continues to flirt with new records, there’s turmoil under the surface. High-flying social media companies Twitter (TWTR) and LinkedIn (LNKD) fell hard in late April, and now recent IPO Etsy (ETSY), an online marketplace for arts and crafts, is down 50% since going public (8% of that today). Bull markets don’t […]
Charts Of Interest – May 11, 2015
As previously noted, I have the potential to become distracted and busy elsewhere this week. So for that and market related reasons I am very lightly positioned (heavy cash). But one position I hold is an NFTRH+ trade idea on Gilead. The ‘+’ update was produced before GILD reported its good earnings. It was based solely on […]
Chinese Stock Bubble Now Plumbing Depths Of Human Stupidity
What’s in a name? A lot apparently, especially if you’re a property developer-turned P2P company riding the wave of China’s self-fulfilling, margin-fueled equity mania. Enter Shanghai Duolun Industry, a Shanghai-listed company which, until recently anyway, engaged in real estate development and commodity residential buildings distribution. All of that changed however, on April 29th when the […]
