The S&P 500 sank at the open, traded sideways to the noon hour and then sold off in a couple of waves to its -1.25% intraday low early in the final hour some buying in the fina...
Ladies and gentlemen, we have another winner. The Currency Shares Japanese Yen Trust (FXY) May, 2016 $91-$94 in-the-money vertical bear put spread is showing a mark to market this ...
The retirement crisis will eventually come to a head. And when it does, it’s not going to be pretty. As shown by the record number of seniors living in poverty, it’s no longer ...
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” George Soros We saw choppy action in sto...
In my last post, I noted a conference on uncertainty in macroeconomics. Here are two papers of particular interest to me. The first, by Kimberly A. Berg and Nelson Mark, was entit...
You cannot make this stuff up. The median stock in the S&P 500 has never been more overvalued on price-to-earnings growth (PEG) and price-to-sales (P/S). On a forward price-to-...
In his 2016 State of the Union Address, President Barack Obama accused those claiming the American economy is in decline of “peddling fiction”. Few economic prognosticators hav...
The headlines say seasonally adjusted Industrial Production (IP) improved. The year-over-year data remains in contraction – so improvement is always relative. Headline season...
123RF LinkedIn (NYSE:LNKD) is facing its biggest challenge yet, from Facebook (NASDQ:FB). Facebook has launched a number of new business services and is making a serious effort t...
In the wake of poor inflation data, a rate cut from the Reserve Bank of Australia (RBA), and then a dovish Statement on Monetary policy, speculators decided that this was not t...