“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! Those who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.” Jesse Livermore I had such a feeling that these jokers were going get stuffed on the usual Non-Farm Payrolls precious metals hit I cannot even describe it. But I did bet it that way in my trading account. But for most of us, and for most of my own portfolio, we do not wager against The Bucket Shop and exhaust...
Low natural gas prices continue to weigh on coal, leading to rising inventories and declining prices. Coal demand and prices are expected to continue their downward trend with rising awareness about its harmful impact on the environment, regulatory pressures and supply glut. About the Company Headquartered in Canonsburg, PA, CNX Coal Resources (CNXC) manages and develops thermal coal operations in Pennsylvania. The company is structured as a Master Limited Partnership (MLP) that owns 20% interest in and operation control over Consol Energy’s Pennsylvania mining complex. Disappointing Q4 Results On Jan 28, the company reported ad...
There’s something wrong with IT. Most business people are frustrated because IT can’t even understand their issues, let alone solve them. “IT organizations somehow forget that people come before technology,” says Jonathan Feldman. “Like a raging infection in the corporate body, IT is continually at war.” Feldman, a CIO himself, believes there’s something wrong with any department that seems to have a male dominance. It suggests an elitism, an anti-collaborative stance. IT has long been tolerated as a costly, but necessary line item, but that may be changing. Businesses are under pressure to deliver results and they have lit...
The oil market finished with a weak close as equities really take it on the chin with the Federal Reserve back in play, and weak earning`s results. (Video length 00:10:16)...
ECRI’s WLI Growth Index which forecasts economic growth six months forward – declined marginally and remains in negative territory. This index now spent 27 consecutive weeks in negative territory. ECRI also released their future inflation guage this week. Current ECRI WLI Level and Growth Index: Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth): U.S. Weekly Leading Index Slips The U.S. Weekly Leading Index slips to 129.6 from 130.2. The growth rate ticks down to -2.3% from -2.1%. To put the state of the economy in perspective please read Grand Experiments That ...
We warned earlier in the week that the credit risk of the world’s financial institutions were on the rise and that trend has worsened as the week ends. Global Bank Risk is spiking… European Bank Risk is blowing out in Core and Peripheral nations… And China Bank credit risk has broken to new cycle highs.. Some idiocysncratic names to keep an eye on… Deutsche Bank – Europe’s largest derivatives exposure (and thus epicenter of collapse should things turn out as bad as the bank’s CoCos suggest) – is suffering seriously… It is becomeing very clear that banks are buying protection on DB to hed...
Most of the industrial bellwethers have reported mixed results for the fourth quarter of 2015. Amidst global growth slowdown, while a few have managed to report better-than-expected fourth-quarter earnings, most of them have reported a year-over-year decline in revenue. Revenue weakness was widespread among the industrial players. The blame goes largely to the stronger dollar as most of these companies have significant international exposure resulting in an unfavorable currency impact. The woes intensified thanks to reduced spending, plunging prices for crude oil and persistent China troubles. Below we have highlighted in greater detail...
U.S. healthcare spending amounted to $3 trillion in 2014, up 5.3% from 2013, according to the Center for Medicare Services. Looking ahead, aging Baby Boomers and technological advances should ensure that healthcare spending will grow faster than the economy for at least the next decade. Thus, income investors should have some holdings in this important sector, if only as a hedge against their old-age medical expenses. Of the healthcare sector’s 2014 spending, $972 billion went to hospitals, $604 billion to physicians and clinical services, $298 billion to prescription drugs, $156 billion to nursing care facilities, $114 billion to dental ...
If you haven’t noticed, the world has gone mad. Well, madder than usual, anyway. Global power structures are shifting. Proxy wars are back with a vengeance, as seen in Ukraine, Syria and elsewhere. Growth is slowing. Nationalism is rising. Financial markets, meanwhile, are a hot mess. This chart showing the rise of negative-yielding government bonds speaks volumes. That’s $5.5 trillion in bonds that investors must pay to own! Central bankers are once again up to no good. (You could say they never truly stopped.) Legendary investor Bill Gross summed it up in his February Investment Outlook: They all seem to believe that there is an ...
The mainstream world of economics and investment has the attention span of a 12-year-old hopped up on sugar. A couple of months ago, it was all doom and gloom for gold. The Fed was talking interest rate hikes, government spokespersons were claiming victory over the recession, and mainstream analysts were hastily pounding nails in gold’s coffin. Cancel the wake, because today everybody has turned bullish on gold with the price up more than 9% since New Year’s Day. A headline at CNN Money earlier this week boldly proclaimed, “Gold is 2016’s most beloved asset.” The story highlights the more than 10% gain in the price of gold since its...