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 […]
© AFP/File Daniel RolandShortly after the start of trading, Frankfurt’s DAX 30 was showing a loss of 4.26 percent to 11,003.17 pointsLondon (United Kingdom) (AFP) – European stocks dived in early trading Monday as investors fear Greece could be heading for a eurozone exit, with a number of indices shedding more than four percent.The European single currency earlier dropped below […]
At a surprise press conference on Tuesday, Sepp Blatter resigned as president of FIFA amid a growing corruption scandal.This shocking move came just days after he was re-elected for a fifth term.All of these political change-ups have sent Qatar stocks into a tizzy since Blatter’s resignation could mean bad news for the Qatar 2022 World Cup.Investing.comThe Qatar Exchange IndexThe Qatar […]
It’s deja vu all over again…who are ‘they’ going to blame for this one?The “event” halted the entire Swiss Market for 3 minutes. And this was followed by an outage in Stoxx exchange data delivery this morning.Source: @NanexLLCAverage:5Your rating: None Average: 5 (4 votes)
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Swiss Stock Market Collapses Instantaneously On 5th Anniversary …
Weakness in healthcare, industrial and energy shares dragged benchmarks significantly lower on Tuesday. The energy sector took a beating after oil prices dropped. Yesterday’s decline pulled the Dow into the red for the quarter, while S&P 500 managed meager gains.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow […]
“The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’ – adding that “people don’t want to hear the reality and the truth that we’re facing.” The following discussion, with Harry Dent, outlines their perspectives on the looming collapse of free market prosperity and the desctruction of […]
Feb. 23, 2015, 4:57 PM
Credit SuisseSee AlsoThe German pizza arbitrage is over for the SwissBARRON’S: For Nasdaq 5,000, this time it’s differentGOLDMAN: Here are the 18 stocks that hedge funds love the mostSex sells. So do booze, guns, and tobacco.In its new Global Investment Returns Yearbook, Credit Suisse compared two mutual funds that launched around the same time in […]
Who can beat the ‘superbug’?
A new antibiotic-resistant “superbug” may have contributed to the deaths of 2 patients at Ronald Reagan-UCLA Medical Center. What companies may be on track to combat the deadly virus, with CNBC’s Meg Tirrell.
A year ago, Receptos was a billion-dollar company looking to compete with drugmakers sometimes a hundred times its size, in therapeutic areas already served […]
The sudden bloodletting that leveraged currency speculators experienced when the Swiss National Bank yanked the cap on the franc should have been a warning: central-bank promises that everything is under control are meaningless. And because of leverage, innumerable trading accounts blew up in a matter of moments.Leverage acts like a powerful drug. It creates buying pressure and inflates asset prices […]
Benchmarks rebounded on Tuesday after registering losses in the last two sessions as easing concerns about Greece’s debt negotiations boosted investor confidence. Moreover, encouraging earnings results from Coca-Cola and impressive performance of Apple also helped markets post solid gains. However, slump in oil prices eroded some of the day’s gains. The S&P 500 reached its highest level in 2015 till […]