"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •143 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 975.10 | +4.60 | +0.47% |
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WTI Crude •1 day | 71.24 | +1.14 | +1.63% |
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Gasoline •1 day | 2.061 | +0.002 | +0.10% |
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Ethanol •143 days | 2.161 | +0.000 | +0.00% |
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Silver •143 days | 30.82 | +1.16 | +3.92% |
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Silver • 143 days | 30.82 | +1.16 | +3.92% | |
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Copper • 143 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 75.17 | +0.94 | +1.27% | |
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Natural Gas • 1 day | 3.129 | -0.210 | -6.29% | |
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Heating Oil • 1 day | 2.275 | +0.001 | +0.02% |
Markets
Confidence Dives Off A Cliff
Consumer confidence fell 14.3 points to 79.4, a level that has not been seen since November 1993 when the economy was coming out of the last recession, and was the…
Beating Lowered Estimates
It looks like the stock market is concentrating on companies are beating dramatically lowered estimates and are not worring about the actual level of earnings. As of last Friday, First…
No Boundaries - To Bond Spreads
Looking at the spread historically it is amazing how wide they moved considering how low government bonds are yielding. Last year, Ford paper traded 200 basis points above Treasuries when…
Reality Bites
Earnings pre-announcements continue to be center stage and will until companies start reporting earning in earnest starting the week of October 14. As mentioned last week, FirstCall expects earnings growth…
Evidence Of A Slowdown Mounts
Evidence pointing to a recovery is getting scarce. Economic data released this week generally pointed to continued weakness, plus companies continue to lower earnings guidance for the third quarter. On…
Preannouncements Take Center Stage
Just when I started to think financial analysts were figuring out that taking charges really are meaningful and not an easy way to push a bad investment or decision under…
Remembering and Honoring
During the stock market bubble, the rules of the game were rewritten. Companies were not valued based on traditional valuation standards. One of the more popular valuation measures involved using…
Is There An Auto Bubble?
There is little doubt that zero-percent financing and other incentives from the automakers are having a dramatic effect on sales. General Motors announced today that it will maintain the zero-percent…
Durable Goods vs. Consumer Confidence
Tuesday’s release of July's durable goods orders grew 8.7% from June was better than all economists estimated. The median estimate called for growth of 1.5%. Just as economists were finishing…
Is The Spending Spree Over?
The notion that the U.S is in a housing bubble is starting to get some attention, but too many economists and officials fail to see the mounting evidence. Just today,…
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