December 4th, 2016 8:18 pm
Chart o’ the Day: Unemployment Plunges
Courtesy of Joshua M Brown
The guys at Bespoke Investment Group ask the question “Is this as good as it gets?” regarding the unemployment rate in this past week’s November Non-Farm Payrolls. It’s the lowest level for the indicator in 9 years.
They note that what went on economically, immediately following that August 2007 print, was not especially fun.
One dimension worth considering is the fact that Labor Force Participation is still much lower than is typical at this stage in an expansion. Wage growth, while good, is...
December 4th, 2016 7:31 pm
As we noted last night, when we previewed the virtually assured "No" vote, we said that "a strong “No” vote will cause Prime Minister Renzi to resign, leading to political instability in Italy. Furthermore, a "No" vote is expected to kill a long-running attempt to rescue Italy's third largest and oldest bank, Monte dei Paschi, which has been desperate for a private sector bailout ever since it failed this summer's ECB stress test to...
December 4th, 2016 4:58 pm
By Aswath Damodaran. Originally published at ValueWalk.
As you peruse discounted cash flow valuations, it is striking how infrequently you see projections of negative growth into the future, even for companies where the trend lines in revenues and earnings have been anything but positive. Furthermore, you almost never see a terminal value calculation, where the analyst assumes a negative growth rate in perpetuity. In fact, when you bring up the possibility, the first reaction that you get is that it is impossible to estimate terminal value with a negative growth rate. In this post, I will present evidence that negative growth is neither uncommon nor unnatural and that the best course, from a value perspective, for some firms is to shrink rather than grow.]]> Get The Timeless Reading eBook in PDF
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December 4th, 2016 4:37 am
Courtesy of John Rubino.
OPEC agrees to cut output. Oil jumps, stocks rise, gold falls. The political focus shifts to upcoming Italian, French and Austrian elections, all of which could go against the establishment. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces.Best Of The Web
December 3rd, 2016 11:00 pm
Courtesy of Benzinga.Related XLV Best Sector ETFs for December: A Repeat Offender Why Sector ETFs May Be Better Than Individual Stocks ...
December 3rd, 2016 10:21 am
Courtesy of Chris Kimble.
Below looks at the S&P 500/Govt Bond (TLT) Ratio over the past 12-years
CLICK ON CHART TO ENLARGE
The S&P 500/TLT ratio is now back at 2007 levels. Double Top or Breakout Time.
Do find this interesting at this time, bullish sentiment on $TLT now stand around the 10% level, which happens to be the same level it was in mid 2007!
Different this time??? Always fun friends!!!...
December 3rd, 2016 8:30 am
Courtesy of Nattering Naybob.Over at Philstockworld... High Finance for Real People - Fun and Profits...
December 1st, 2016 7:48 pm
Courtesy of Declan.Internet troubles have limited me tonight, but the one chart I want to show is the near 5% loss in the Semiconductor Index. Having escaped relatively unscathed from recent day's selling it was a whirlwind of action for the index today.
November 28th, 2016 9:19 am
Reminder: OpTrader is available to chat with Members, comments are found below each post.
This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).
We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.
Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.
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November 21st, 2016 8:05 pm
Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.
The government’s request is part of a bitcoin tax-evasion probe, and se...
October 7th, 2016 2:29 pm
Good article on investing success:The Most Overlooked Trait of Investing Success
There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.
Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...
August 22nd, 2016 1:15 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
December 15th, 2015 2:15 pm
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