3 Big Sells By T. Boone Pickens

By Osman Gulseven:

T. Boone Pickens is among the most well-known billionaire businessmen in the U.S. Pickens has a vast amount of business experience in the energy sector. Before founding Mesa Petroleum in 1956, he worked for Phillips Petroleum for several years. Pickens w…

News That Matters

Thetrader.se 
“PIIGS” we are informed in the current Wikipedia entry “is a pejorative acronym used to refer to the economies of Portugal, Italy, Greece and Spain. Since 2008, the term has included Ireland, either in place of Italy or with an additional I.” With apologies, I am joining the ranks of contributors to such august pu…

Wall Street Recap – Thursday May 31th

By Robert Broens:

Stock markets continued to exhibit quite some volatility Thursday. The SP500 closed slightly lower, down 0.23% to 1310.33 points. The Dow Jones Industrial Average and Nasdaq composite lost 0.21% and 0.35% respectively. Markets where quite volatile as …

The Bears On QE 3, 4, And 5

More explanations of quantitative easing by the bears. From Omid Malekan. Welcome to the Bernanke Zone.

Are U.S. Stocks “Scared Enough” Yet?

I want to make sa few points briefly.  First, if you haven’t, please read Dr. Davis’ discussion of our economic data two posts below this (or click HERE).  He documents that economic times remain difficult, in line with the Gallup.com polling data I have frequently referred to.  He also points out how difficult it is to […]

Japan Warns Against Rising Yen

Japanese officials ramped up their rhetoric against the rising yen with the country’s finance minister strongly suggesting that he may order a currency market intervention.

Yields Say Stocks Are Cheap

By AAII:

The valuation argument for holding stocks over bonds is getting stronger. Not only do earnings favor stocks, but so do dividend yields. And if that wasn’t enough, yields on the benchmark 10-year Treasury note fell to 1.53% today-the lowest level since at least 1945. (The yield was 1.58% …

IS CANADA FACING A HOUSING BUBBLE?

As discussed before, risk management, whether in banking or among regulators and consumers tends to “fight the last war”. The “riskiest” asset class in people’s minds is generally the one that got the most attention in the previous down cycle.

MORE EVIDENCE OF ECONOMIC SLOW-DOWN

Reinforcing our observations in recent comments, the latest batch of economic statistics indicates an economy that is slowing down significantly. Today alone we have seen disappointments in first quarter GDP, weekly initial unemployment claims, the Chicago ISM and the ADP monthly payroll number. This follows on the heels of laggard recent numbers f…

IMF Group in Talks Over Spain

The European department of the IMF is discussing contingency plans for a loan to Spain in case the country fails to find funds needed to bail out Bankia.

Asian Markets, Euro Slide

Asian stock markets slid, extending last month’s large declines, as China’s manufacturing sector slowed sharply in May, pushing down the euro and Asian currencies. Japan’s Nikkei dropped 1%.

Investor Hazard: ‘Zombie Funds’

Up to $100 billion is tied up in aging, largely dormant buyout funds that continue charging management fees even as hopes of profiting from their remaining assets have faded.

THE INTERNATIONAL DIMENSIONS OF CURRENCY AUTONOMY

Modern economies operate on fiat monetary systems with an accent on plural. Anyone who takes a look at policymaking decisions around the global economy will soon observe that there seems to be substantial differences in the ability of policymakers to determine macro policies… why? In this post I will seek to provide some answers.

Q2 Earnings Preview … Still Not Good

Click to enlarge: Factset – Earnings Insight, May 25, 2012 Analysts Begin To Take Down Q2 Estimates; Double-Digit Growth Still Projected for Q4 During the month of April, there was little change to the estimated earnings growth rate for the second quarter. On March 31, the estimated earnings growth rate for Q2 2012 was 6.2%. […]