The major U.S. stock market indices finally corrected after a 9-month sideways trend. The ‘big’ news this week for stocks was undoubtedly that the four indices all closed below their 200-day moving average, which IS an important breakdown.The key observation on the chart below, is the violation of the steep uptrend (highlighted with the rising green dotted line), which started […]
An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China. Photograph: China Daily/Reuters
Chinese share prices suffered a dismal end to a dire month as promises of more emergency measures from officials in Beijing failed to stem a stock market slide that is now reverberating around the global economy.Despite policymakers’ […]
The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.This pushed up the prices of iron ore, oil, copper, […]
Market strategist says: ‘This could probably be our worst day in two or three years.’ Photograph: Paul Miller/AAP
More than $35bn was wiped off the Australian stock market in the first hour of trading on Monday as investors brace for an increasingly likely Greek exit from the euro zone.Both the S&P/ASX 200 and All Ordinaries quickly fell about 2%.“Unfortunately this could […]
Just before Christmas last year, a newly formed Bermuda-based biotech run by former hedge fund partner Vivek Ramaswamy struck a deal to in-license a shelved Alzheimer’s drug from GlaxoSmithKline ($GSK) with plans to put it into Phase III. That late-stage study won’t start until the fourth quarter, but the newborn biotech isn’t waiting around at the starting line. The […]
REUTERS/Robert GalbraithSee AlsoIBM is giving its CEO a big bonus again despite the company’s tumbling stock priceApple Stores will have custom-designed safes to store the gold Apple Watch inThe FCC is about to make a major decision on Net NeutralityUpdate 5:45 pm ET: A press release from the New York Stock Exchange on Monday night said the exchange is taking […]
SummaryAmerican stock investors and speculators started pouring capital back into gold this week in a serious way, aggressively buying GLD ETF shares.
This buying was so massive that GLD had to shunt enough stock capital into physical gold bullion to grow its holdings by their fastest pace in about 5 years.
And this is likely just the beginning, as American stock investors […]
My afternoon train reads:
• The Best Thing for Active Managers? Passive Investors. — As institutions slash active mandates, managers on both sides of the active versus passive argument rejoice. (Chief Investment Officer)• The Reformed Broker talks markets and investing (Vanguard)• The State of Consumer Technology at the End of 2014 (Stratechery)• What Life in Cuba Was Like After Castro’s Revolution (New Republic)• D.H. Robertson […]
Stock Market Staring Into the Great AbyssStock-Markets / Stock Markets 2014Aug 27, 2014 – 03:59 PM GMTBy: DeviantInvestorIs a looming war coincident with a depressed gold price and a stock market peak an example of — staring into the great abyss?From Peter Cooper:“A five-year regime of artificially low interest rates is responsible for a bubble in stocks, bonds, real estate, […]
Branding data is tough—and not just because many eyes glaze over when you start to talk about it. But in today’s media marketplace, it wouldn’t be wrong to think of the data world as a spreadsheety version of a gold rush, with everybody scurrying to stake their claim.“At the early stages of anything, most people who are in that thing […]