Monthly Archives: March 2015

How Janet Yellen’s Latest Swindle Works

Kremlinology Commentators spent the weekend trying to figure out what Janet Yellen’s testimony before the Senate meant for markets. What did she say? What did it mean? Why was she there at all? “It is important to emphasize that a modification of the [interest-rate] guidance should not be read as indicating that the [Fed] will…

Morning Call For March 4, 2015

OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.31%) this morning are down -0.32% ahead of Feb ADP employment data and ahead of the Fed Beige Book, while European stock are up +0.06% after Eurozone Jan retail sales rose more than expected. Gains in European stocks were limited after the Eurozone Feb composite PMI grew less than expected….

Buffett On Europe: Germany Must Stop Greek Dog Peeing On Its Carp

Not to be outdone by his partner Charlie Munger (who offended many with his comments that “who offended many with his comments that “), Berkshire Hathaway’s Warren Buffett decides to take on Europe (and The Big Lebowski), and particularly the Greeks in today’s ‘perhaps it’s time to just STFU’ moment. Responding to questions about Europe’s future, Buffett compares…

Is Google Undervalued? Analysts Weigh In

Google’s (NASDAQ: GOOGL) stock has dropped about 5% over the last 12 months due to missing earnings expectations for the last eight out of ten quarters. Investors’ concern of increased digital advertising competition from Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) have also hindered Google shares, in addition to the uncertainty surrounding Apple renewing its search-engine contract with…

We’re All Backtesters Now

A recent paper (“Evaluating Trading Strategies”) on the hazards of backtesting in The Journal of Portfolio Management has been receiving a fair amount of attention lately, inspiring some folks to go off the deep end and argue that econometric analysis of investment strategies is always a bad idea. That’s a bit much for the simple…

Hasbro Dividend Stock Analysis

This is a guest post by Mike, aka The Dividend Guy. He authors The DividendGuy Blog since 2010 and manages portfolios at DividendStocks Rock. He is a passionate investor. Founded in 1923, Hasbro (HAS) designs, manufactures and markets games and toys for children and families. It owns several toy brands and also excels in producing licensed toys related…

Eurozone Embarks On QE Venture

Late to the party, perhaps, but today sees the start of the Eurozone’s open ended quantitative easing programme (QE). It is anticipated that the ECB will pump at least €1.1trillion of new money into asset purchases over the next 18 months as it seeks to apply CPR to the quivering heart of the Eurozone economy….

Euro Remains Heavy Ahead Of ECB

The US dollar is broadly firmer though the Antipodean currencies continue to enjoy residual strength. The Canadian dollar is not being dragged up with them on account of Bank of Canada meeting today.   Although Governor Poloz dampened expectations for a cut with last week’s reiteration that the January rate cut was an insurance policy to buy…