The December 25th debut of The Wolf of Wall Street is ravaging movie go-ers across the world, who are still internalizing Martin Scorsese’s genius rendition of real life 90’s Wall Street mogul Jordan Belfort. The film stars Leonardo Dicaprio, in blest form, who teams up with the storied director to play the part of young Belfort. If you have gotten out to see the movie, you […]
For the week of 2/10, data continuing through 2/14. This is the complete filing of economic data posted within the United States: Tuesday 2/11 Wholesale Inventories -rose less than expected in December -increased 0.3% -inventories are a key component of GDP changes = goes into calculation of GDP -many believe lower than expected because current level […]
After a week of uncertainty the Dow Jones Industrial Average, an exhibition of the 30 strongest American outputs has made its way back to safe grounds. In not even a week since the deviant side of the market sunk 7%, it has taken back 650 points. This a blunt recovery from January; which saw further Fed tapering, lackluster US manufacturing […]
On the state of domestic markets: The last week was a euphemism for the last month(6 months really) in equity investing, which has been filled with worry and questions. With the theme of overpriced equities holding true, many investors fear that the 7% pullback over the last month is the beginning of the end… that is, the end of an insolent […]
Bitcoin is a bit of an enigma. Luring the slow to wit investment reader into believing its viability. Let’s not forget that it lost half its value in one day in early December and still has the sharpest of money managers completely baffled. As its price rises after endorsements by companies like ZYNGA, who after […]
11/18/13 – 11/19/13 Yesterday, as we saw developing weeks ago, the Dow passed 16,000 on eased Taper worries and wide eyed bulls – both the DJIA and S&P recaptured all-time highs. Gold continued to steady at 1,270, where it’s taking a wait and see attitude. Amidst what should be very bullish signals for gold via […]
11/15/13 As the new Fed Chair’s comments to the Senate yesterday are digested by the market – we have initiated a Heavy SELL rating on anything Federal Reserve. Statements, outlooks, haircuts – etcetera. While we do expect more of the same rhetoric, it continues to baffle us. Common sense, logic, truth – we search and […]
11/14/13 Speculation this morning reaffirmed rumors that Janet Yellen’s position of near zero interest rates for the foreseeable future. Some saying through 2015, some saying 2017 – one thing is for sure, there will not be abrupt change in Federal Reserve policy. Gold has reacted positively to the news, taking back some of its […]
11/12/13 Today we saw more affirmations of what we’ve been preaching. Gold and silver pushes lower, the dollar strengthens and media publications focus on the Fed. Don’t fight the Fed but F the Fed, man. That’s not the story right now. It hasn’t been the story for the last six months. See my rundown […]
11/11/13 To open the week the market remained calm and awaited the next catalyst: Last week’s GDP report of 2.8% in the third quarter strengthened the dollar and of course raised speculation of a change in monetary policy. This was up from 2.5% in the second, relatively tepid but much improved to what we’ve grown […]
