A solid day for the indexes as the market gapped up at the open and buyers filled in all day. The S&P 500 gained 1.07% and the NASDAQ 1.30%. Jens Weidmann, head of Germany’s Bundesbank, held to an austerity line and told Reuters on Tuesday that Greece needed to make a credible effort to recover itself with tighter public finances […]
Dear Reader,The Federal Reserve helped markets recover last week. The shale oil and gas companies recovered clocking in 20% gains or more in some cases. Oil also bounced back. The stocks of some of the smallest shale and gas companies have recorded huge losses in excess of 70% from their June 2014 values. If the oil price recovers, they will […]
WASHINGTON — Without QE, will the stock market tank? Count me a skeptic.QE refers to “quantitative easing,” the Federal Reserve’s multitrillion-dollar program of bond buying that is now ending. I recently devoted a column to whether QE worked as intended. The short answer is that we don’t know. The idea was that by buying bonds the Fed would inject money […]
Sam Ro
Aug. 28, 2014, 5:57 AM
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Societe GeneraleAlbert Edwards.
The stock market hit an all-time record high on Wednesday, with the S&P 500 closing at 2,000.10.
Societe Generale’s Albert Edwards warns that the forces that have been driving the market forward are not only unstable, but they’re also about to reverse.”The equity bubble has disguised the mountain of net debt piling up on […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereSellers took control of the December Comex Gold market after detecting a somewhat hawkish tone in the U.S. Federal Reserve’s July minutes. The news helped drive up U.S. interest rates, making the U.S. Dollar a more desirable investment. Since gold is dollar denominated, the rise in […]
Indexes gapped down and stayed down all session as weakness in Amazon.com and Visa hurt morale a bit. The S&P 500 fell 0.48% and the NASDAQ 0.50%. Late in the day Goldman Sachs released a note saying they are “neutral” on equities over three months as it sees a slide in bonds leading to a temporary selloff in stocks:
The firm […]
Last week I wrote a post criticizing Fed chair Janet Yellen for apparently becoming a “stock picker“. Later in the week when she spoke before the US House Financial Services Committee in Washington she seemed to tone down a bit her “stock picking” comments, but she nonetheless commented on the general valuation of the US stock market.I am still critical […]
People think U.S. stocks are expensive…Yes, they have gone up a lot… But according to our favorite measure of stock market value, stocks are NOT expensive.It’s a simple indicator, but it encompasses the important stuff. And right now, it’s telling us you could make double-digit profits in stocks over the next 12 months…When our in-house stock market value indicator is […]
Benchmarks ended Thursday’s trading session in the red following St. Louis Fed president James Bullard’s comments on a rate-hike. Bullard expects the key interest rate hike to take place sooner than anticipated. The blue-chip index had dropped as much as 119 points, before trimming losses in the post noon session. Economic data on personal consumption expenditure was weaker-than-expected. However, personal […]
Benchmarks closed Friday’s trading session with modest gains as optimism from Wednesday’s policy statement spilled over into a second successive day. Friday’s modest gains helped the S&P 500 to close at a record high for the third straight day. The Dow also extended its winning streak to six sessions; it’s longest since December 2013. The blue-chip index also settled at […]
