My trading friend (and, these days, shoulder to cry on) Northman Trader put up a Tech Dreck post which neatly shows the rot beneath the glowing surface of the NASDAQ. These charts all scream “poor breadth”, and if our bullish friends want
November 24, 2015
Gold and silver both caught a bid this morning on a flight to safety after the key US ally Turkey shot down a Russian jet allegedly infringing on their border with Syria for a matter of less than ten seconds.
It’s another week, another scandal for Valeant (VRX). On Wednesday U.S. District Judge David Carter in Santa Ana, California, said Valeant and Pershing Square’s (PSHZF) Bill Ackman must face a lawsuit accusing them of insider trading in botox maker Allergan
Pre-market futures reflected the global jitters following the exogenous shock of the Russian jet shot down by Turkey near the Syrian border. The S&P 500 sold off at the open despite the 8:30 upward revision of Q3 GDP from 1.5%
Numbers: Yield Curves: Credit Curves: Making Sense: The second look at Q3 GDP is in and it appears that the U.S. economy grew at a faster pace than originally believed. According to GDP data, “2” is the magic number. We
Ok – where to start… And so… “investors” bought stocks… As soon as Europe closed… (because when Obama, Hollande, and NATO speak, stocks must rally to confirm the confident good news)…But ended the day below the pre-Doomsday levels… Small Caps
Hewlett-Packard released the earnings results from its fourth fiscal quarter after closing bell tonight, posting adjusted earnings of 93 cents per share and $25.7 billion in revenue, a 9% year over year decline. Analysts had been expecting earnings of 96
A NATO country has shot down a Russian plane. The refugee influx is threatening to unravel the Schengen Treaty of free movement. Germany’s Merkel celebrated her tenth anniversary as Chancellor this past weekend, but she faces one of the most serious
“War against a foreign country only happens when the moneyed classes think they are going to profit from it.” George Orwell As you may have heard, Turkey shot down a Russian jet on the Syria/Turkey border. Turkish Syrian freedom fighters
