How Did the Stock Market Do Today? Dow Jones: 17,368.50; +103.29; +0.60% S&P 500: 2,021.94; +9.57; +0.48% Nasdaq: 4,952.23; +18.76; +0.38% The Dow Jones Industrial Average today (Monday) gained 103 points on a busy day of mergers and key economic data. Domestic oil prices were on the rise ahead
December 14, 2015
“Here’s another fine mess you’ve gotten me into….” — Oliver Hardy If ever such a thing was, the stage is set this Monday and Tuesday for a rush to the exits in financial markets as the world prepares for the
What could possibly go wrong in a cashless, negative interest rate, ponzi real estate society? We can use Sweden as a potential example since Sweden is closest to a cashless society. Is this a conspiracy by the elite? Finance economist
The end of the year is here again, and 2015 looks like it is giving the average investor the opportunity to do what he does best: shoot himself in the foot. And it’s the retired person who is the hardest
As the Fed prepares to raise rates for the first time since 2007, the corporate high yield debt market, aka the junk bond market, is in serious crisis mode. The talking heads on TV say that everything is fine if
As indicated Friday markets were short-term much oversold making a rally likely as per the trusty $NYMO (McClellan Oscillator—see below). But even though headline indexes closed higher breadth remained negative and the NYMO added to the oversold conditions. Some of
Any ideas about junk bonds outperforming because of the booming economy confirmed by a monetary policy rate hike has been killed and buried. Conventionally, it was assumed that interest rates are not the primary “risk” parameter for high yield corporates
Over the past 15 years, Yahoo (YHOO) has lost nearly 70% of its peak value (and this is taking into account its utterly and completely lucky gains from Alibaba (BABA)). During those fifteen years – – and let’s remember, on
The Chart of the Day belongs to Caseys General Stores (NASDAQ: CASY).. I found the retail convenience store stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last month, then again for technical buy signals
The early selling wasn’t able to force prices lower and bulls were able to stage a recovery by lunch time which accelerated into the close. Large Caps and Tech are well placed for a rally in the near term, but
