“The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’ – adding that “people don’t want to hear the reality and the truth that we’re facing.” The following discussion, with Harry Dent, outlines their perspectives on the looming collapse of free market prosperity and the desctruction of […]
Sevco chairman David Somers has launched an astonishing attack on the Scottish football authorities on the morning of the club’s second ever AGM.With founding father Ally McCoist sent on gardening leave and the club needing £8m to see the season out Mr Somers blamed anyone and everyone for the plight of the club that is staring administration in the face.Supporters, […]
By Larry DarrellPublished: July 15, 2014 at 3:25 pm ESTClick Ticker to See live coverageSOCL
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Social media and biotechnology stocks have been under scrutiny for their high valuations, raising concerns among many investors as well as the US Federal Reserve. In the Fed’s biannual report on monetary policy, the central bank voiced concerns over these so-called momentum stocks.“Nevertheless, valuation metrics in […]
Sam Ro
Jul. 14, 2014, 7:52 AM
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Goldman Sachs
Goldman Sachs has finally revised its year-end target for the S&P 500.
In a new note to clients, strategist David Kostin writes that he now expects the S&P 500 to end the year at 2,050, up from his previous target of 1,900.That’s a modest 4.2% gain from Friday’s close of 1,967.”We expect the equity rally […]
The Fake Stock MarketStock-Markets / Stock Markets 2014Jul 10, 2014 – 06:46 AM GMTBy: John_RubinoFor the average person trying to decide how to feel about the economy, the single biggest data point is the stock market. When share prices are rising, the implicit message is that finance professionals — who, after all, dedicate their lives to understanding such things and […]
For the average person trying to decide how to feel about the economy, the single biggest data point is the stock market. When share prices are rising, the implicit message is that finance professionals — who, after all, dedicate their lives to understanding such things and should therefore know what’s happening — have decided that life is good and getting […]
It has come to my attention that Leon Trotsky, the Russian communist theorist, would be very much at home in a different global plan to replace the status quo with radical change.I know this because it is easy to imagine a Big Data/cloud proponent saying to traditional data warehouse users what Leon said to capitalists:“You are pitiful isolated individuals; you […]
Welcome to our daily roundup of top insider trades. Here’s a look at the most significant inside purchases recently filed with the SEC.Notable Purchases:
Felix Baker, a director at biotechnology company Seattle Genetics (NASDAQ:SGEN), bought 189,611 shares of company stock for $6,460,552.
Jay Howard Bernstein, a director at financial services-centric software technology company Liquid Holdings Group (NASDAQ:LIQD), bought 1,820,000 shares of company stock for $2,313,378. Meanwhile, David […]
U.S. GDP growth is expected to be greater than 3% this summer, which would mark the end of a run of mid-year soft patches and potentially open the door for a longer period of growth in the 3% range.If the 10-year U.S. treasury yield can stay under 3.25% this summer against the backdrop of stronger growth, Deutsche Bank strategist David […]
Asset bubbles are notoriously difficult to identify as they are happening. Often times, they only become clear in hindsight.Having said that, Goldman Sachs’ David Kostin offers an interesting stock market chart in his team’s new US Quarterly Chartbook.It shows the sector composition of the S&P 500 by market cap since 1974. As you can see, sector bubbles manifest when […]
