ECB Losing Control
In Naples, riots against Renzi resulted in clashes between police and demonstrators. On Wednesday, Italy’s government had to address the plight of Italian banks which now seems to be significant as both houses of parliament blessed in a crisis meeting, voted to create a state fund for bad loans from.Resistance to Renzi’s idea was very […]
US Bulls Are The Most Complacent Since 2008!
I have to trade and invest in the markets that I have before me and not the ones that I desire! Therefore, I must be able to approach the market place from a completely ‘unbiased’ perspective. I do not care if the markets doubles in price, or if it is cut in half. I take […]
Bull Of The Day: Align Technology
Medical equipment and supply stocks aren’t very sexy to most investors. Many in the health care space seem to prefer the high risk/high reward track of the pharmaceutical and biotechnology worlds, leaving equipment stocks by the wayside. However, there are actually plenty of great opportunities in this market if you are willing to look. And […]
UK Housing Bubble Pops: London Offers 20% Discounts On Luxury Apartments
Hot money flows into real estate have become an issue in some of the world’s largest markets, as prices have skyrocketed. As we’ve repeatedly noted before, China is experiencing massive capital outflows (even if technically, overnight the PBOC said that in the last month these flows reversed to inflows for the first time in 5 months), which […]
Yen Up, Oil Down. Risk Is Off The Table
Today’s Economic events Australia AIG Construction Index 45.2 vs. 46.1 BoJ Gov. Kuroda Speech French Trade Balance -5.2bn vs. -3.8bn Swiss foreign currency reserves 576bn vs. 571bn previously UK Halifax HPI m/m 2.60% vs. 0.80% ECB monetary policy meeting minutes released Canada building permits m/m 15.5% vs. 4.70% US weekly unemployment claims 267k vs. 271k […]
Goldman Sach’s Dubious Advice “Short Gold!”
Those betting against Goldman Sach’s retail investment advice have generally been on the right side of things. The same thing is about to happen again. “Short gold! Sell gold!” said Goldman’s head commodity trader, Jeff Currie, during a CNBC “Power Lunch” interview. Currie’s advice was in response to the question “Is there any commodity you […]
A Dozen Reasons Why I Am Voting To Remain In The European Union
I have studied the process of European integration in some detail at the College of Europe in Bruges where I also became a teaching assistant for a year. I also had the pleasure of doing my PhD thesis at the European University Institute in Florence. So it is probably no surprise that I would have […]
On The Fly: Pre-Market Movers Today
Up After Earnings: Ollie’s Bargain Outlet Holdings (OLLI), up 9.9%… Bed Bath & Beyond (BBBY), up 2.8%… ConAgra Foods (CAG), up 1.1%… CarMax (KMX), up 3.2%. Lower: Twitter (TWTR), down 3% after Morgan Stanley cuts its price target on Twitter to $16 and maintains its Underweight rating… Alder Biopharmaceuticals (ALDR), down 3.5% after its 5.376M […]
Silver Price Forecast: The Interesting Relationship Between Silver Rallies And Interest Rates
It is not well known, that historically silver and interest rates have actually moved together (in the long-term). When interest rates are going up, then silver is going up. When interest rates are going down, silver is going down. In the short-term, interest rates and silver can diverge (like since about 2002 to now); however, this is […]
Bottom Fishing For Value: Valeant Pharmaceuticals In Focus Today
A bias for long ideas over short ones helped improve the ROI the bottom fishing for value strategy. Two areas that benefit the most from markets recovering include energy and biotech sectors. The newest long idea is a surprising one: Valeant Pharmaceuticals (VRX). The company restored some confidence from shareholders after it said it did […]
