Amid numerous rumors that Deutsche Bank (DB) is among the corporations exposed to the VW (VLKAF) fiasco, and to be clear there is no news to confirm that, DB has just kitchen-sinked it in a pre-announcement: *DEUTSCHE BANK SEES 3Q
October 7, 2015
Jim Cramer, the stock guru of CNBC, had this to say about Yum Brands (YUM) on August 13, 2015 after bad news from China: Wall Street expectations jumped the gun on Yum Brands, but as share prices pulled back on
Warren Buffett once referred to derivatives as “financial weapons of mass destruction”, and it was inevitable that they would begin to wreak havoc on our financial system at some point. While things may seem somewhat calm on Wall Street at
“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.” John Kenneth Galbraith, The Great Crash of 1929 Gold was a bit weak today, while silver was holding on to
By July of 2012, a wide range of indicators suggested that the U.S. economy was flirting with trouble. Job growth was decelerating. Business investment was deteriorating. Meanwhile, manufacturing via the ISM Manufacturing Survey (PMI) was flirting with contraction. Up until
Like many other midstream master limited partnerships (MLPs), Spectra Energy Partners (NYSE: SEP) saw its share price annihilated as the price of oil fell from $90 per barrel to the $40 range. This is a bit unfair, as midstream MLPs operate pipelines
Bulls can be happy with today’s progress. What weakness emerged today was reversed by the close, a change on yesterday’s action where sellers dumped in the last few minutes of trading. Volume climbed to register an accumulation day. The S&P
Investors are shying away from the stock market where uncertainty and volatility are showing no signs of cooling down. This aversion was quite expected after the major U.S. bourses suffered their worst third-quarter performance in four years hit by spiraling
“If all else fails, immortality can always be assured by spectacular error.” John Kenneth Galbraith By this measure, the Federal Reserve is already amongst the immortals. Oh, well done. The economic news came in weakly this morning. The ‘tax reform’ discussion
Today in stocks, summarized… Before we start, this is perhaps the most important chart that no one is talking about… As The longest VIX Losing Streak Since 2011 lifts stocks… Markets ramped overnight (as shown by futures), stumbled
