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Goldman Sachs: Hedge Biotech Stocks Now – Stocks to Watch …

By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]

Goldman’s Rx For Volatile Biotech Stocks

By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]

China stock market hit by biggest one-day fall since 2007 | Business …

An electric board displaying falling stock prices in Hangzhou, in China’s Zhejiang province. Photograph: AP
Chinese shares has tumbled more than 8% after an unprecedented state rescue effort to prop up valuations abruptly stopped, raising doubts about the viability of Beijing’s plan to stave off a deeper crash.Major indexes had their largest one-day drop since 2007, shattering three weeks of relative […]

Saturday July 25, 215

$SPY, $STUDY Blowout earnings from AMZN set the stock market up for a nice bounce on Friday morning, however, with energy, materials and high-beta biotech stocks gapping down at the open, the overall upside momentum was short-lived. The Flash PMI out of China, which showed a contraction in manufacturing activities, had many investors worried. A sizable miss in June new […]

The Meaning of China's Stock Market Intervention – Council on …

Author: Joshua Kurlantzick, Senior Fellow for Southeast AsiaJuly 23, 2015BloombergShare–
The spectacle of the stock market meltdown in China has led many analysts and investors to see an upside to the downturn. The slump is “the most serious crisis” facing President Xi Jinping “since he came to power,” China commentator Willy Lam told an audience of academics in Vancouver on July […]

Morgan Stanley's stock-market guru throws shade … – Business Insider

CNBCMorgan Stanley’s Adam Parker.Morgan Stanley chief US equity strategist Adam Parker does not want to acknowledge the permabears right now, even with stocks at all-time highs.Nor does Parker think these folks deserve credit when we finally get a stock-market correction.”We all know lots of people who have called 17 of the last zero corrections,” Parker wrote in a note to […]

What to Do When You Almost Have Inside Information

This article first appeared on Inc.com posted from Peter Economy.I have spent my career in the investment business and have participated in thousands of meetings or calls with managements of public companies. A few times, I have received inside information, and I guarantee that you know when you’ve got it. When I worked at a large mutual fund company, we […]

China's state-rigged stock market is getting a state-mandated …

The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/t South China Morning Post’s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.The motive you won’t find on any Chinese government […]

Deflationary Boom 2.0, Commodity Index Crashes To 13 Year Lows

The Bloomberg Commodity Index tumbled once again today, hitting its lowest level since 2002. Stocks did not. We have seen this kind of ‘deflationary’ boom before and it did not end well…*)As BofAML somewhat mockingly reflected; It’s a deflationary boom. Nasdaq hits all-time high today; CRB breaking down to 2002 lows. Wall St narrative flips from crash to boom/bubble as […]

Chovanec: China Destroyed Its Stock Market | naked capitalism

Yves here. We’ve stressed that, generally speaking, stock market crashes aren’t anywhere near as serious as bank runs or credit market seizures because stock market bubbles are generally the product of a serious excess of animal spirits, as opposed to leveraged speculation. That in turn is the result of most modern stock exchanges drawing on the US stock market as […]