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Aclaris Could Be A Sleeper

Aclaris Could Be A Sleeper

At first Aclaris [Nasdaq: ACRS] didn’t catch my eye. The phrase “concentrated hydrogen peroxide” sounded too simple to offer any sustainable competitive advantage. However a favorable mention from the famous “Dr. KSS” who knows his biotechnology made me take a closer look. What I see is a fairly low-risk to treat a very common skin condition (Seborrheic […]
Why Are Mules Stubborn? Why Can’t Blind Jackasses See?

Why Are Mules Stubborn? Why Can’t Blind Jackasses See?

Here’s my theoretical question for the day: Why are mules stubborn, and why can’t blind jackasses see?  I ask that question in regards to a few recent news articles. One is on Japan, one the US, and one on emerging markets with various overlaps in between. Let’s start with Japan. Brink of “Technical” Recession The […]
Chinese Gold Holdings Up Again; Other Countries Also Hoarding The Metal

Chinese Gold Holdings Up Again; Other Countries Also Hoarding The Metal

China continues to increase its central bank gold holdings, and other countries are following suit. The world’s largest bullion consumer upped its stash of the precious metal another 1% in August. Bloomberg reports the hoard rose to 54.45 million troy ounces in August from 53.93 million ounces a month earlier, according to data released by the People’s Bank […]
IPO Lockup Expiration: Virtu Financial

IPO Lockup Expiration: Virtu Financial

Virtu Financial – (NASDAQ:VIRT) – Sell or Short Recommendation – PT $21.25 October 13, 2015 ends the 180-day lockup period on Virtu Financial Inc. . With the conclusion of the lockup period, the company’s pre-IPO shareholders will have an opportunity to sell their own shares totaling over 15 million units, roughly equal the shares trading on the […]
Indicator Triggers First Time Since 2000, “Threats & Opportunities” That Follow

Indicator Triggers First Time Since 2000, “Threats & Opportunities” That Follow

Below is a quick view of indices in the states this morning. Click on the picture to enlarge As you can see, each remains inside of 4-5 year rising channels and each created a potential bullish reversal pattern (bullish wick) this past week, at/near support levels. With our 125/5 indicator sending us a signal for the […]
Jobs Report Moves Fed One Step Closer To QE IV

Jobs Report Moves Fed One Step Closer To QE IV

The September Non-Farm Payroll Report came in with a net increase of just 142k jobs. The unemployment rate held steady at 5.1% and the labor force participation rate dropped to the October 1977 low of 62.4%. Average hourly earnings fell 0.04% and the workweek slipped to 34.5 hours. There were significant downward revisions of 22k […]
Silver & Crude Are Soaring

Silver & Crude Are Soaring

While gold remains unchanged, silver prices are surging higher this morning as crude oil jumps supposedly on geopolitical tensions…    but technical resistance looks key… Silver is breaking above its 100-day moving-average and Crude is pulling away from its 50-day moving average (after being glued to it for a month). Charts: Bloomberg
Lashed To The Zero Bound – The Fed’s Ship Of Fools

Lashed To The Zero Bound – The Fed’s Ship Of Fools

If you don’t think financial markets have been utterly destroyed by central bank intrusion then how can you explain Friday’s 460 Dow point reversal higher after the post-NFP low? It was pure machine rage triggered by another implied “lower for longer” Fed policy signal. While I think the BLS establishment survey isn’t worth the paper it’s manipulated on, it did take a […]
Risk Premia Forecasts | 5 October 2015

Risk Premia Forecasts | 5 October 2015

The expected risk premium for the Global Market Index (GMI) dipped again in September. GMI — an unmanaged, market-value weighted mix of the major asset classes — is projected to earn an annualized 3.2% over the “risk-free” rate in the long term. (For details on the equilibrium-based methodology that’s used to generate the forecasts each […]
EC
                        
                        The Most Important Investing Risk

EC The Most Important Investing Risk

The stock market has averaged compound total returns of about 9% a year over the last 100+ years. This means a doubling of your money about every 8 years. When your money doubles every 8 years on average you will eventually become very wealthy. And that’s only if you match the market returns. Surely, some investors should beat […]