It was torture. I went to see my daughter sing yesterday. If a psychic said to me: 20 years from now you are going to drive 70 miles to see a bunch of little girls sing Christmas Carols for two
December 6, 2015
Larry Summers has a very good piece today in the FT on the irrationality of raising rates and the limits of monetary policy in the current environment. I largely agree with his views as I hashed out in September. But the Summers piece got
Consistent earnings performance over the past several quarters and supportive macroeconomic elements are convincing enough to assume that U.S. banks are about to reach the trajectory of consistent growth. While U.S. bank stocks have climbed significantly since bottoming out during
When Santa comes to town the market starts to rally. It’s happened 24 out of the last 27 years and this year these 7 stocks are the best buys in the market right now. Santa Claus is coming to town
The incoming economic data continues to disappoint. The Citigroup Economic Surprise index set a record this year for the length of time it stayed in the negative column (data less than expected) of over 200 consecutive days. Even in
In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point at ECB president Mario Draghi. Specifically, the BIS cited unthinkably low interest rates, bond market
Just when bears look ready to squeeze, along come bulls to bid the market higher. The jobs report had an initial muted reaction, but bulls were able to push the failure of bears to capitalize on the figures to force
The prices of the metals moved mostly sideways this week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.) From 8 to 12 a.m. Eastern time the price of gold rose from $1,061 to $1,087. Not
At first glance, CES 2016 looks a lot like CES 2015. Approximately 3,600 exhibitors will announce approximately 20,000 new products. And while CES 2016 is set to be the largest, most diverse yet — there aren’t too many (if any) groundbreaking, game-changing or
Insider buying declined last week with insiders buying $45.92 million of stock compared to $67.18 million in the week prior. Selling also decreased with insiders selling $1.15 billion of stock last week compared to $1.85 billion in the week prior. Sell/Buy Ratio: The insider Sell/Buy
