It’s been a brutal January 2016… one of the worst on record, as oil spills to historic lows, and as global markets teeter on the brink of a bearish market. China is still falling. Housing starts just missed. Trillions of dollars of wealth is just gone… in days. But none of this should come as…
DetailsThe current correction has been especially harsh. Two out of every three days are down. Usually down big. And the few recovery days aren’t particularly strong either. It’s an ugly situation all around as the vicious cycle accelerates. Worse than that, it all could get much worse in the next few days.
DetailsIt was the worst performer on the Dow in 2015… It’s not the fact that it lost 30% of its value last year that’s scary… It’s the fact that it was Wal-Mart (WMT)… Arguably, the retailer is one of the most-watched economic indicators… It’s the barometer for the health of the global consumer, an economic…
DetailsI wouldn’t have believed it unless I saw it with my own eyes… Gas is less than $1 a gallon in Michigan, as you can see from this screen shot from the WXYZ Detroit site. That’s simply amazing. And it’ll be interesting to see consumers spend their gas savings – boosting the economy – or…
DetailsChinese stocks are bouncing back. After the Shenzhen Composite Index dropping 40% from its highs last June (half of that drop came in just the last month), Chinese stocks jumped up 2% yesterday. Wang Zheng, chief investment officer at Jingxi Investment Management Co, told Bloomberg, “There are fresh funds coming in to bottom fish and…
DetailsIt could be worse than the financial crisis… That’s what Albert Edwards, strategist of Societe Generale is telling investors, predicting the S&P 500 could fall 75% — worse than the 62% crash during the financial crisis… His comments come as economists at the Royal Bank of Scotland warn investors of a “cataclysmic year” where stock…
DetailsDonald Trump, you, and I have one thing in common – we all hate losers. The losers we talk about though are stocks that go down after you buy them. If you’re a new investor or have been doing it for decades, you have losers. Probably lots of them. I do too. They’ve made me…
Details“Horizon Pharmaceuticals is a speculative, low-priced biotech that has several interesting drug candidates and a large amount of cash. We think it has the potential to move 50% over the next year. The stock is volatile, and if Horizon receives good news from the FDA or signs an agreement with another major pharmaceutical company, the…
DetailsI’ve got good news, bad news, and then some more good news for you. The first good news, I didn’t win the powerball lottery. So I’ll still be here. Then again, let’s face it, I’d probably be back anyways. Maybe after a couple week break of course. Now, the bad news…
Details“These are amazing numbers… These are major, major milestones.” That’s what Lynn Helms, director of the North Dakota Department of Mineral Resources said in October 2013. At the time, he had plenty of reason to be excited, as the oil boom resembled the 1849 gold rush. After predicting North Dakota would reach the million-barrel market…
DetailsWhen is this going to be over? The sell-off has been relentless. Worse, there are few clear catalysts for a turnaround either. However, at the risk of stating the obvious, I can tell you stocks are closer to a “sure thing bottom” than they were a week ago. In fact, a time to buy aggressively…
DetailsSo much for the bottom in oil… After months of watching insiders, billionaires and investors pour money into the long side, oil just dropped below $32 a barrel, as production outpaces global demand, even though producers have cut billions in spending and reduced drilling. That’s the first time this has happened since 2003. These days,…
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