Skynet is the world’s largest hedge fund – tasked with sucking in as much money as possible. Like any good hedge fund (aka. call option), what happens once it’s all in there, is strictly someone else’s fucking problem.We’re just waiting for the word ‘patient’ to bring down the global financial system…Gaps all over the place now, two filled today, three […]
Sy Harding: Remain bullish because the bull market remains in place, with most indexes making new highs as recently as last week. Support levels continue to hold on short-term pullbacks, technical indicators remain on buy signals, and the market’s favorable season usually lasts into April/May.However, be watchful – because the rally is increasingly abnormal, is unlikely to be sustainable much longer, and could […]
Strengthening U.S. dollar and a slump in oil prices dragged benchmarks lower on Friday. US crude prices dropped to their lowest levels since Jan 28. Meanwhile, declines in producer prices and consumer confidence added to the bearish sentiment. Benchmarks also posted losses for the third straight week, mostly spooked by sooner-than-expected rate hike fears.For a look at the issues currently […]
The Dow rose 140 last Monday, was down 330 on Tuesday, up 260 on Thursday, and down 250 on Friday (before a late-day save and finishing down 145). This morning, the Dow is up by nearly 100. There are numerous reasons for the loss of market memory, not the least of which are wild moves by global central bankers and […]
On Feb. 17, an article appeared in The New York Times, “As Rivals Falter, India’s Economy is Surging Ahead,” by Keith Bradsher, which, among other things, says, “The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India’s economy, long a laggard, just matched China’s in recent […]
In case you haven’t heard, suburban malls are on the way out (sorry Paul Blart). Some have become abandoned wastelands popular for ruin porn. Others have been torn down and turned into industrial sites.According to Ellen Dunham-Jones, an architect and professor at Georgia Tech, there are about 1,200 enclosed malls in the United States, and about one-third of them are […]
View photo.Short interest among leading biotechs and emerging pharmaceuticals increased nearly all across the board between February 13 and February 27.Leading the trend were BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), Celgene Corporation (NASDAQ: CELG) and Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX).Here, Benzinga takes a quick look at how the stocks have fared recently and what analysts expects from them, followed by a […]
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Plenty of people think of penny stock traders like the cowboys of the Wild West, as if we were all running around some kind of lawless financial environment – jumping in and out of volatile stocks at the slightest twitch of the market.But the thing is, trading like that – without any rules in place to protect your trades and […]
Free stock trading, zero overhead and the market at your fingertips? Now there is an app for all that. It’s called Robinhood and according to its creators, it’s going to tap the very small investor segment.”We are not setting any account minimums, which we think unlocks a market of investors who couldn’t do this before,” the company’s co-founder Baiju Bhatt […]
Free stock trading, zero overhead and the market at your fingertips? Now there is an app for all that. It’s called Robinhood and according to its creators, it’s going to tap the very small investor segment.”We are not setting any account minimums, which we think unlocks a market of investors who couldn’t do this before,” the company’s co-founder Baiju Bhatt […]
