You know things are askew when good news becomes bad news. Following a two day Fed meeting, Fed Chairman, Ben Bernanke, delivered what should have been received as good news on improving economic conditions; however, yesterday’s market rout is a clear indication that market participants (especially the bigger players) have become addicted to the Feds […]
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Consumer Price Inflation (CPI) Soars …
…Over The Past Ten+ Years! It’s interesting how words can change a person’s impression of something, isn’t it? Read the next paragraph and I’ll show you what I mean. WASHINGTON (MarketWatch) – U.S. consumer prices rose a seasonally adjusted 0.1% in May, mainly because of higher costs of housing, electricity and natural gas, the Labor […]
Markets Are Rigged!
One of the reasons I will never become wealthy writing financial pieces is because I’m way too brutally honest about, and way too critical of, current markets; and here I go again — in short, they’re rigged! When I initially had the idea to create a financial blog site, I wanted it to be a […]
Luxottica Group (LUX)
This story was rerun on 60 Minutes yesterday evening and, though it may be dated, I thought it would be interesting to look into Luxottica (LUX) to see if it may still be a good investment. What I found is this: From LUX’s low of $36.36 on October 8, 2012, the day following the original airing […]
Myriad Is Still On Top
Though some are viewing the recent U.S. Supreme Court’s ruling against the patenting of human genes as a loss for Myriad Genetics (MYGN), they fail to see the true results of the decision. In the end the court did, in fact, uphold Myriad’s patents given that it deemed cDNA (Complimentary DNA) to be patent eligible. […]
Producer Inflation Up In May
Inflation at the producer level was up 0.5 percent for the month of May, and up 1.8 percent from a year ago. The increase was at the higher range of what was expected, and the rise was driven by 0.6 percent rise in food prices and a 1.5 percent increase in gasoline costs. The rise […]
Home Foreclosures Up Eleven Percent In May
According to RealtyTrac, banks increased foreclosures 11.0 percent in May. Though the overall foreclosure rate is down from last year, banks have decided that they want to get out from under the distressed inventory currently on their books. This move will not only have an impact on banks’ bottom lines, it will also have an […]
New Jobless Claims Down, Retail Sales Up
For the week ended 6/8/2013, new jobless claims came in at 334K, a drop of 12,000 from the previous week’s reading of 346K. Continuing Claims did, however, inch up by 2,000, which could signal the beginning of a slowdown in hiring. May retail sales surprised to the upside. For the month of May, retail sales […]
When They Stink Is When You Should Buy
Unlike with food, the best time to buy stocks is when they stink so badly that nobody else wants to own them. Human nature seems to dictate our desire to stay away from “losers” and avoid them like the plague. Rather than viewing quality stocks that have declined in price as items that have just […]
Sell In June And Then Sit Back And Watch The Market Swoon
For those who may have been late in following the ‘ol “Sell in May and go away” adage, June may make for a good time to reconsider going away for the summer. As of today’s close, at 1,625.13, the S&P 500 is now down 3.62 percent from its all-time high of 1,687.18 which was reached […]
