Indexes opened up but could not hold gains; again very different action than we saw in June and July. The S&P 500 fell 0.56% and the NASDAQ 0.46%. We’ve been cautious for about a week now due to a technical breakdown and thus far nothing in the market action tells us to change course. The normal culprit – geopolitics – […]
Poland’s Prime Minister increased its rhetoric on Russia’s continued buildup of military forces on the Ukraine border. He suggested that Russia is planning to invade under the guise of a peacekeeping mission to prevent further humanitarian violations, or at least pressure Ukraine’s government into ceasing its offensive in the eastern part of the country. This kept European equities weak overnight […]
Chris Sheridan: The year 2016 will see a number of important events: the US presidential election, the Summer Olympics, and, according to a growing number of market analysts, another financial crisis.Why? What’s so special about 2016? That’s the interesting thing—they all have different reasons.First, I have to admit, I didn’t realize this pattern until it reached a certain level of blatant […]
NEW YORK Major stock indexes rebounded Wednesday, finishing higher for the third time in four days and lifting the Dow Jones industrial average to its second record close this month.Investors had lots of market-moving news to consider, including encouraging corporate earnings from Intel, a higher profit forecast from hospital operator HCA Holdings and a pickup in U.S. homebuilders’ confidence.Trading appeared […]
Hello!I’m Andrew Smithers; I studied economics at Cambridge and used to run the fund management business at S G Warburg which became Mercury Asset Management and is now BlackRock.I set up Smithers & Co in 1989 as an economics consultancy. Much of the comments on economics and markets that I read as a fund manager struck me as nonsense and […]
There are many ways to assess the state of the stock market.You could take the fundamental approach and consider a wide array of variables to derive an actual value based on projected profits and cash flows. You could take the technical approach and consider price chart patterns.You could also focus on sentiment, which is somewhere in between the fundamental […]
Here is my mini list of critical education skills for the 21st Century:-Fluency in English, one European language AND Mandarin(the last language will enable you to write your own ticket internationally with any Mega Global Conglomerate)-BA in a STEM Field-Expertise in Statistics and Familiarity with Scientific Literature-Know the difference between healthy skepticism of an internet article and naivity.-Ability to Mine […]
Library Of CongressStocks are tanking today.
This move mirrors other dives in recent weeks — a decline that has taken the tech-heavy NASDAQ down 7% from its highs and the S&P and Dow about 3% from their highs.Drops like that are no big deal. But some signs suggest that this pullback — or another one sometime soon — could get […]
Over the weekend, Jesse Livermore wrote an excellent piece on how we should view profit margins. The piece is very long and detailed but makes a very good case on the proper measure of calculating profit margins due to the impact of globalization. “Now, you might ask, to calculate the profit margin, why do we only include final sales […]
Benchmarks ended lower on Tuesday on reports of a decline in consumer confidence in February and dismal US home prices data. However, the retail sector gained on the back of Home Depot and Macy’s better-than-expected earnings reports. Overall, it was a choppy session with benchmarks entering the positive zone at noon but failing to hold on to gains.For a look […]
