Still at work and waiting for your long weekend to begin?
We are too.
So we decided to help you do what we’re doing: reading funny Dilbert cartoons. We’ve selected almost a score of Dilbert strips that are appropriate to the theme of the meltdown on Wall Street. It seems an appropriate way to honor the anniversary of the September Panic of 2008.
Despite an unprecedented amount of monetary easing taking place at the Bank of Japan, the yen has - since the middle of 2015 - been on a consistently strengthening trend versus the USD. As paradoxical as it may seem in a period when the Fed talked about, and then did raise interest rates coincident to the BOJ firing off ever more arrows, the strengthening yen has been the reality. That reality may be about to take a breather, though, as too many investors hav...
Phil has an interesting discussion with Kim Parlee on Japan, the "tipping point" on Japan's massive debt, the country's unsustainable situation, interest rates, helicopter money to people, the velocity of money, growing the economy, putting people to work. What happens at Japan's tipping point?
Baker Hughes (BHI) is very interesting as we're likely at a lot point for CapEx spending in the energy sector and, at $45.50, BHI's market cap is down to just $20Bn and they are about to get a check from Haliburon (HAL) for $3.5Bn, which is over 15% of their entire market cap. They are using $1.5Bn of the money to buy back stock and another $1Bn to pay off debts and that will leave them with $1Bn in cash to play wi...
How many of you like “Choppy/Sideways” markets? I humbly suspect that most don’t. They do present some short-term trading opportunities for sure, nothing wrong with that. From a trend perspective, I would understand if some think a sideways pattern is boring.
Below takes a close look at the S&P 500 over the past couple of years.
CLICK ON CHART TO ENLARGE
The S&P 500 has spent the last couple of years, forming...
Here is the opening statement from the Department of Labor:
In the week ending April 30, the advance figure for seasonally adjusted initial claims was 274,000, an increase of 17,000 from the previous week's unrevised level of 257,000. The 4-week moving average was 258,000, an increase of 2,000 from the previous week's unrevised average of 256,000.
There were no special factors impacting this week's initial claims. This marks 61 consecutive weeks of initial claims below 300,000, the longest streak since 1973. [See full report]
Today's seasonally adjusted 274K new claims was up 17K from last week's 257K and above the ...
A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets down after an early rally on Wednesday over concerns about production cuts in Canada's oil sands region due to a wildfire.
By Jacob Wolinsky. Originally published at ValueWalk.
Pension Funds – Taking the Long View: The Dangers of Short-Termism
Scott Minerd, Managing Partner, Chairman of Investments and Global Chief Investment Officer, Guggenheim Partners
Christopher Ailman, Chief Investment Officer, California State Teachers? Retirement System; Co-Chair, Global Capital Markets Advisory Council, Milken Institute
Scott Evans, Deputy Comptroller, Asset Management, and Chief Investment Officer, New York City Retirement Systems
Vicki Fuller, Chief Investment Officer, New York State Common Retirement Fund
Hiromichi Mizuno, Executive Managing Director and Chief Investment Officer, Government Pension Investment Fund, Japan
Intensifying global competition, flagging corporate earnings and emboldened activist investors ...
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Remember this? It was Monday. PRGO is down from around $130 to under $100 since I started following it LAST WEEK. That's down almost 25% in a week, and almost 50% in the last year. So I wrote,
"Perrigo CEO Joseph Papa leaves Perrigo (PRGO) to lead Valeant (VRX) while PRGO issues a warning about missing earnings expectations. Not surprisingly, PRGO stock plummeted today.
Robert Ingram, Chairman of the [Valeant] Board, stated, "The Board has conducted a thorough search process and believes that Joe is the ideal leader for Valeant at this time. He has a strong shareholder orientation,...
Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,
The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now.
And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now.
Phil writes back,
I was expecting them to start throwing poop at each other &n...
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at email@example.com with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
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