I first saw Gerard Celente on one of those Fox Business shows when the network was new and I was exploring what it was offering. (As an aside Fox Business debut pretty much marked the top in the S&P 500!) A quirky fellow… but I found many of his views intersected with mine. I went to go look at his website after the interview and I was pretty impressed with his old calls. Quite a bit of is social rather than just pure economics so being a student of humankind, I find his broader talking points quite fascinating. He is not afraid to say things that makes Americans uncomfortable – and hopefully makes them think if they are open minded about the society we have created. You will recognize many similar themes to what has been seen in these web pages the past 3+ years. Long time readers will recall the coming "pooring of America" I often cited back in the early days of the website as the U.S is broken into an elite ‘capital owner’ class and "everyone else". [Dec 8, 2007: Do the Bottom 80% of Americans Stand a Chance?]
Corporations are now "people" (per the Supreme Court), lobbyists rule the land (and create the rules), and almost every major industry in America is an oligarchy as ‘anti trust’ is something found only in textbooks. It’s not just banks, let’s be clear. Of course if you dare talk about wealth and income disparity or power concentration, you are immediately called a socialist (or worse… a "European"!) and the conversation ends. But of course it is spoken about (in quiet whispers) in the halls of our investment banks. [Sep 7, 2009: Citigroup 2006 - America, A Modern Day Plutonomy]
Since Celente makes my views look like Kool Aid Drinker in Chief, I hesitated to post some of his interviews until they were in a business format. CNBC would never have a…
The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived. For the past several years, JP Morgan held the most silver on a public exchange in the world. While the LBMA may hold (or did hold) more silver, their stockpiles are not made public.
Regardless, JP Morgan held the most silver at nearly 74 million oz (Mo...
Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 55.7 percent, up 1.2 percent from last month's seasonally adjusted 54.5 percent. Today's number came in above the Investing.com forecast of 54.7 percent.
Here is the report summary:
"The NMI® registered 55.7 percent in April, 1.2 percentage points higher than the March reading of 54.5 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. The Non-Manufacturing Business Activity Index dec...
Infinera Corporation (INFN) is an optical transport networking equipment, software and services company. Following a brutal selloff last week, the CEO and the CFO of the company both bought a large number of shares yesterday.
[From Insider Cow - type INFN in Insider Cow's search bar.]
INFN's earnings release, in which INFN revised this quarter's earnings lower, triggered the selling. The shortfall is due to a customer of Transmode (acquired last year) holding off on purchases. According to INFN's CEO, Tom Fallon:
“We picked up several new smaller customers but we have one significant Metro customer who has historically been part of the Transmode customer base, who hasn't bought for about two quarters and there's nothi...
Many like to watch the price action of Junk Bonds, because they can send important messages about the strength or lack of in the stock market. Below looks at Junk Bond ETF JNK
CLICK ON CHART TO ENLARGE
As you can see, JNK looks to have created a double top in 2013 and 2014 and weakness in the sector soon followed. Once weakness really started to take place in this sector (2015), stocks didn’t have much luck moving higher.
JNK created a bullish reversal pattern (bullish wick pattern) the week of 2/5 and started turning high...
By Jacob Wolinsky. Originally published at ValueWalk.
The 2016 Sohn Conference starts on Wednesday (May 4th) at David Geffen Hall, Lincoln Center10 Lincoln Center Plaza New York City. As is our custom at ValueWalk we will be providing in-depth coverage of the most anticipated event of the year. The line up this year once again does not disappoint.
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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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