Archive - Nov 19, 2015

"Welcoming immigrants and New Americans is a critical part of my strategy to grow Baltimore, and I hope that refugees from Syria will look to our city as a potential place to call home."

If you had any confidence in your ability to understand The Fed's future course of action, Fed vice-chair Stanley Fischer just destroyed it in a speech in San Francisco that beggars belief in its CYA hedgedness...

While talk of record backlogs of supertankers and an unprecented 3 billion barrels of crude oil stock-piles sound impressive - and are weighing on crude prices - the following stunning image provides some context for just what this means...

Having suffered a little recently on the heels of retailer concerns, Nike - the best performer in The Dow this year - is surging back towards all-time record highs after unleashing a new share buyback program (upping the limit from $8bn to $12bn), a stock split and a dividend boost.

"If you just exclude all the bad stuff, earnings look quite good."

"I hesitated on doing this but I literally owe Etrade $106,445.56 as of this moment what would you do if you were in my situation?"

One more time: It’s not Paris, Greece, China, Ebola, Fed rate-hike or not, etc... Nothing matters but OPEX...

The S&P 500 has not traded lower in the last 30 days of the year since 2002... will it be different this time?

Government and consumer watchdog groups have raised concerns about the ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia. A charitable foundation running a private equity fund is "not something one hears about commonly" and is "very concerning," according to one watchdog group who say the practice is unusual and could pose a significant conflict of interest.

Just a day after a dismal read on GDP, the latest data out of Brazil shows a spike in both inflation and unemployment, as the country's economic outlook continues to deteriorate at an alarming pace.

The Fed has conditioned investors to ignore fundamentals, valuations, and the business cycle. As a result, we are in another bubble that will burst as all bubbles do.

There is no way Fed policy can be win-win-win for all participants.