This week the casino got monkey hammered. While the last holdouts went parabolic…FANG:Wall Street’s latest acronym is Facebook, Amazon, Netflix and Google. The whole world is falling apart, but the good news is that Amazon finally made a microscopic profit by selling cheap shit over the internet. Their trailing profit margin is -.2%. I’m not making this shit up. And […]
The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen more than halved its revenue growth forecast for 2015 and its stock lost 22 percent to close just above $300.Stocks in the energy and materials sectors weighed […]
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, July 23, 2015.Reuters/Lucas Jackson n”>The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen (BIIB.O) more than halved […]
Getty Images/Mohd RasfanAs regular readers know, for the past ~21 months I have been worrying out loud about US stock prices. Specifically, I have suggested that a decline of 30% to 50% would not be a surprise.I haven’t predicted a crash. But I have said clearly that I think stocks will deliver returns that are way below average for the next […]
flickr via bartolomeo perrottaThe stock market is disappearing. In an afternoon email to clients, Rich Barry at the NYSE wrote:Buyback factoid: ~20% of S&P 500 companies have reduced their share count by at least 4% year-over-year in each of the last five quarters(!!), and that appears to be continuing into Q2. As of [Tuesday] night, 92 companies in the S&P have reported […]
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 […]
Submitted by Joseph Calhoun via Alhambra Investment Partners,
All that we see or seem is but a dream within a dream.
Edgar Allan Poe
All things are subject to interpretation. Whichever interpretation prevails at a given time is a function of power not truth.
Friedrich Nietzsche
I was walking down the street wearing glasses when the prescription ran out.
Steven Wright
I think one of the hardest […]
#Biotech and #socialmedia stocks doing well | QUANTLABS.NET
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One investor shows the strain in a stock exchange hall in Nantong, Jiangsu province, during the recent week of turbulence. Photograph: ChinaFotoPress/Getty
The numbers are mind-boggling. Ten days of falls on the Shanghai stock exchange resulted in losses that exceeded the GDP of Mexico. And 12 million Chinese citizens who opened share-trading accounts in May were nursing potentially ruinous losses. Margin […]
How China’s stock chaos could affect New York real estateSizing up the dominoes connecting Shanghai to the Big AppleJuly 10, 2015 06:00PMBy Konrad PutzierThis week’s headline-grabbing turmoil in China’s stock markets left New York’s real estate industry wondering how it could impact the market here. According to those who follow China closely, there are two […]
