Stocks ended the month on a high all around the world. This did not make up for the gloom of a very bad month. Uncertainty is the watchword for today, the start of a new trading quarter. 123rf Stocks rose around the world yesterday, which could mean the bear market is over. Or, as some…
Just hours before Congress passed a funding bill last night, David Stockman appeared on CNBC to explain why the United States needs to experience a dramatic government shutdown. He argues, like Peter Schiff, that US debt is a massive bubble waiting to burst. Though one of the CNBC anchors agreed with him, another argued that the…
“Greed, for lack of a better word, is good” – Gordon Gekko, Wall Street (1987) With all due respect to Gordon Gekko, when it comes to investing it is not greed but fear that is good. Fear creates opportunity and a favorable balance between risk and reward. Greed inevitably leads to poor decision making and chasing higher risk investments…
One forecast for a weak US economy in the final months of the year just got weaker. The outlook for third-quarter GDP growth in the US was cut in half today in the widely followed GDPNow algorithm that’s published by the Atlanta Fed. The previous estimate for a 1.8% rise was already tepid–well below Q2’s solid…
With the recent market volatility, many people have seen their investments take a big hit as more and more negative international news stifles any potential breakouts. While indications are pointing to a potential market correction, or even an earnings recession in the near term, it would make sense to look for stocks that have a…
The yield curve is still doing no better than potentially bottoming, but when viewed nominally and side by side, the 10 and 2 interest rates appear to be considering different courses. The 10 is still up trending and the 2 is breaking down. That would of course be a positive for the yield spread and…
Copa Holdings, S.A. (CPA – Snapshot Report) is feeling the pain of Brazil’s recession. This Zacks Rank #5 (Strong Sell) is expected to see earnings drop by 50% this year. Copa is a passenger and cargo airline that operates out of Panama City, Panama. It flies 99 aircraft to 74 destinations in 31 countries in North, Central and…
Some books are better in concept than they are in execution. Ironically, that is true of “The Art of Execution.” The core idea of the book is that most great investors get more stocks wrong than they get right, but they make money because they let their winners run, and either cut their losses short…
In my twenty-plus years as a financial advisor, I have seen too many investors make the same mistake with their money. What is the all-too-common financial mistake? Investors follow their emotions rather than logic. Sometimes emotions can cause you to make a hasty decision. For example, a compelling ad offering a phenomenally high interest rate…
The ISM is positive at 50.2, but barely above the 50.0 break-even mark, and a bit below the Bloomberg Consensus Estimate of 50.5. The ISM index, like nearly all other September indications, is pointing to trouble for the factory sector. At 50.2, the index is at its lowest point since May 2013. New orders, at…
