Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW – 157 = 16,924 SPX – 9 = 1994 NAS – 13 = 4782 10 YR YLD – .07 = 1.98% OIL – .37 = 46.29 GOLD + 15.40
October 14, 2015
Globally, it has not been a pretty day for equities. From Asia to the US indices are down with the worst being the Nikkei off 2% and that even carried into the US session losing another 1%. It appears the world has
by Greg Guenthner, Daily Reckoning Once again, the market’s caught completely off-guard by a vicious oil bounce. Crude is screaming higher this week. After bottoming out in August near $38, a barrel of West Texas Intermediate Crude is now just shy of $50. A real rock-em,
During the throes of the 2008 bear market, I looked back at the Russell 2000 aghast and wondered to myself: how could I have missed something this obvious? Not to say that I wasn’t short and having a great year.
In late August, we wrote that Wal-Mart shares were a bargain and today’s overreaction to management’s guidance presents an even better buying opportunity. Photo Credit: Mike Mozart (Flickr) WMT Price Already Implied Significant Profit Decline At Tuesday’s closing price of $67/share, WMT had
Back in March, I wrote of the “Black Swan in Plain Sight” that was King Dollar: “Based on Taleb’s criteria, it would seem that the Dollar’s advance over the past nine months would qualify as a Black Swan event. If King Dollar
I pulled over the car on the highway because the IRS was calling. “Daddy, why are we pulling over,” said one of my kids. I can’t remember which one. I didn’t care. At that point I wish I didn’t have
A lot of investors have energy on the brain. Tracking oil prices rivals monitoring the daily activities of the Kardashians as the national pastime (personally, I find oil prices more interesting). The recent rally in oil, oil stocks and master
New Walmart management is undertaking aggressive cost-cutting measures. Wage increases will negatively affect the bottomline. Walmart hasn’t quite taken to e-commerce as much as they should have. Walmart finds itself in a precarious position especially after Amazon’s stock growth. 123RF Walmart
Markets were fragmented Wednesday as sectors like financials, the dollar and retail dropped while emerging markets and gold rallied. Retail Sales fell much more than expected (ex-Autos -0.3% vs prior 0.1%); PPI readings were also much below the Fed’s magic
