Submitted by Charles Hugh-Smith of OfTwoMinds blog,The trade only works if everyone is lulled into staying on the long side until it’s too late.Let’s try a thought experiment: suppose we’re players in the stock market, Wall Street insiders with real leverage and connections to the Fed. You know, the kind of player who can reverse a decline in the S&P […]
On Tuesday, Janet Yellen gave testimony before Congress. She does this twice a year, just after the conclusion of her semiannual “Run for the Presses” charity marathon. In her speech, Fed chair Yellen stated that, despite the recent strong job reports, she won’t conclude that the economy has recovered until the following metrics are met:
1. Wages must rise.2. Discouraged workers […]
Indexes opened up to start Tuesday but sold off modestly as the day progressed as someone somewhere tried to find something negative in the Yellen comments to Congress. So they found a blurb where she called valuations stretched for smaller social media and biotechnology stocks and those areas sold off. Something like this is usually forgotten about in 24 hours. […]
Indexes gapped up at the open and then traded in a very narrow range all session; the S&P 500 gained 0.48% and the NASDAQ 0.56%. Precious metals had a nasty session after finally looking promising for the first time in a while late last week; this is why they are a lot more difficult to chart – their actions are […]
Technical Analysis For US CoffeePosted by: : Paul EbelingPosted on: June 27, 2014Technical Analysis For US CoffeeUS Coffee CFD closed lower Thursday.The mid-range close set the stage for a steady opening Friday.Stochastics and the RSI are Neutral to Bullish signalling that sideways to higher prices possible in the near term.If Coffee extends Wednesday’s rally, the reaction high crossing is the […]
Dear Lifehacker,I’ve been hearing more and more about “big data.” What is it, and is it something I should be worried about? Is this another way companies harvest my data and sell it? Sincerely,Bewitched by BuzzwordsDear Bewitched by Buzzwords,”Big data” is the latest tech industry buzz-phrase. Depending on who you ask, it either represents a threat to personal privacy, or […]
Politico reports: The National Security Agency might be tracking your phone calls. But private industry is prying far more deeply into your life.
Commercial data brokers know if you have diabetes. Your electric company can see what time you come home at night. And tracking companies can tell where you go on weekends by snapping photos of your car’s license plate […]
Indranil Mukherjee/Agence France-Presse — Getty ImagesA stock trader monitoring share prices in Mumbai, Maharashtra, on Monday.MUMBAI, India — The benchmark Indian stock market indexes rose to a third consecutive record on Tuesday after exit polls forecast that the opposition Bharatiya Janata Party would win with a large majority, making Narendra Modi, a leader with a business-friendly reputation, the next prime minister […]
Last week, the White House released its report on big data and its privacy implications, the result of a 90-day study commissioned by President Obama during his January 17 speech on NSA surveillance reforms. Now that we’ve had a chance to read the report we’d like to share our thoughts on what we liked, what we didn’t, and what we […]
The White House this week released a report on big data in which it calls for an update to the Electronic Communications Privacy Act (ECPA). The act, which should in fact be called the Electronic Communications Lack Of Privacy Act, is sorely in need of reform.The ECPA allows the government to access email that is older than 180 days, or has […]
