The comments above & below is an edited and abridged synopsis of an article by Mike ShedlockCrescat Capital claims US large cap stocks are the most overvalued in history, higher than prior speculative mania market peaks in 1929 and 2000. There are six ways stocks are the most overvalued in history: price to sales; price to book; enterprise value to sales; enterprise value to EBITDA; price to earni...Read More
The comments above & below is an edited and abridged synopsis of an article by Axel Merk With the stock market and Bitcoin reaching all-time highs, what can possibly go wrong? In offering his thoughts on 2018, Merk reminds investors to stress test their portfolios. Some things to ponder:Equities: Merk doesn't like where equities are, and he will seek returns elsewhere.Treasuries: Many think that...Read More
The comments above & below is an edited and abridged synopsis of an article by Gary ChristensonThe Dow is at an all-time high. Interest rates in the US are yielding multi-decade lows. Trillions of dollars in global sovereign debt have negative yield, and European junk bonds yield less than 10-year US Treasuries. Official unemployment is low. Borrowing is inexpensive. Some say the times are good.Ye...Read More
Ounces of gold required to 'buy' one unit of the Dow JonesSource: MeasuringWorth.com; Thomson Reuters Datastream; BMG Group Inc.Read More
The real story of online deception isn’t about the Russians. Sure, the Russians certainly have their own programs to disrupt and steer online discourse. But how quickly the public has forgotten about the U.S. government’s own internet troll program.Edward Snowden leaked documents used by the “Five Eyes” alliance of governments. The United States, Canada, the United Kingdom,...Read More
Calgary, Alberta (December 13, 2017) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB: PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has closed a non-brokered private placement (the "Offering") of an aggregate of 2,300,000 flow-through units (the "Units") at a price of $0.50 per Unit, for aggregate gross proceeds of $1,150,000. Each Unit was comprised of one c...Read More
It's not reported in the mainstream media. The nails in the coffin of the US dollar reserve status has begun. The BRICS are leading an anti-hegemony to shift to a new global reserve currency or basket of currencies. Many other countries are joining in such as Iran, Turkey and Venezuela. This video is some of the headlines.Read More
The real story of online deception isn’t about the Russians. Sure, the Russians certainly have their own programs to disrupt and steer online discourse. But how quickly the public has forgotten about the U.S. government’s own internet troll program.Edward Snowden leaked documents used by the “Five Eyes” alliance of governments. The United States, Canada, the United Kingdom,...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The Dow Jones Industrial Average (DJIA) finished with a triple-digit gain -- notching its third straight record close -- as Boeing (BA) rallied on news of a dividend hike and Goldman Sachs (GS) surged with its fellow bank stocks. Specifically, financial shares spiked after inflation data strengthened the case for the Fed to raise rates tomorrow, and as Senate Majority Whip John Cornyn suggested a...Read More
The annual rebalancing of the Nasdaq-100 Index (NDX) was recently announced. These changes will take place prior to the market open next Monday, Dec. 18th. The NDX is made up of the largest non-financial companies listed on the Nasdaq. The first table below shows the stocks being added to the index and the second table shows the stocks being removed. I also show the number of analysts following th...Read More
Call options are outpacing put options on Electronic Arts Inc. (NASDAQ:EA) today by a more than 3-to-1 margin. In fact, the single-day put/call volume ratio of 0.28 is pacing in the 5th annual percentile. And while the video game stock is trading down 0.6% at $107.31 following a bearish brokerage note, one options trader appears to be betting on a bounce to record highs next year.Specifically, the...Read More
U.S. stocks are rallying once again, with the Dow and S&P 500 Index (SPX) hitting a record highs. Among the names making big moves are biotech Proteostasis Therapeutics Inc (NASDAQ:PTI), oil-and-gas issue Oasis Petroleum Inc. (NYSE:OAS), and IT stock Helios and Matheson Analytics Inc (NASDAQ:HMNY). Here's a quick look at what's moving shares of PTI, OAS, and HMNY. PTI Stock is Today's Top Nasdaq P...Read More
Shares of Tesla Inc (NASDAQ:TSLA) are popping today, after PepsiCo (PEP) pre-ordered 100 of the automaker's electric semi trucks -- the largest made public so far -- while Consumer Edge said the truck may generate $2-$3.5 billion in annual revenue, according to Bloomberg. And, as speculation swirls around a cryptic Elon Musk tweet, TSLA options volume is accelerated. With TSLA stock up 2.1% at $33...Read More
The Federal Open Market Committee (FOMC) kicks off its highly anticipated December meeting today, with the central bank widely expected to announce a rate hike tomorrow. Against this backdrop, we decided to take a look at some of the worst stocks to own when the Fed hikes interest rates, with banking concern Bank of America Corp (NYSE:BAC) and Dow component Cisco Systems, Inc. (NASDAQ:CSCO)...Read More
U.S. stocks are higher at midday, though the Dow Jones Industrial Average (DJIA) is taking a notable lead. Lifting the blue-chip index to a triple-digit gain is a dividend hike from Boeing (BA) and upbeat analyst attention for Verizon Communications (VZ) stock. Bank stocks are also on the rise as the Fed meeting kicks off, with the central bank expected to announce a rate hike tomorrow -- and tod...Read More
Payment processor VeriFone Systems Inc (NYSE:PAY) is scheduled to report earnings after the close today, and investors are hoping for a post-earnings reaction similar to last December's report, when the stock jumped 8.6% in the session afterward. Ahead of tonight's event, options traders are pricing in extremely high volatility expectations for PAY shares, which are trading around key technical l...Read More