There continues to be much speculation over when the Federal Reserve will begin to reduce its asset purchase program and lower the level of monetary stimulus. The biggest concern for both the Federal Reserve and the nation is the level of job creation. Last week, the Bureau of Labor Statistics (BLS) released its monthly report…
The sharp rise that Japanese equities have been experiencing since the fourth quarter of 2012 may be coming to a (short term) end as the special confluence of circumstances that conspired to put the proverbial boot up the equity market are beginning to fade out. Japanese equities rose a stunning 80% between November and May,…
There’s always a lot of fanfare when it comes to Initial Public Offerings. The bunting is brought out, the trumpets sound, the people stand up with killer actor and actress smiles and the champagne is popped at the New York Stock Exchange. Then? Sometimes, the hype works, the people are still popping the fizz. But,…
Federal Reserve Chairman Ben Bernanke may be getting ready to sail off into the sunset as his reign as the top banker in the world is likely coming to an end. The speculation is that it is doubtful Bernanke will decide to extend his stay as head of the Federal Reserve for a third term…
Coming on the heels of the Worldspreads (an update due here shortly) and Man Financial scandals where client money was pooled with those firms own resources and when they collapsed clients were left out of pocket, news that XCAP Securities has been flouting FCA client money segregation rules is shocking in the extreme (not least…
I suppose it can be said quite fairly that the FTSE 100 has been, and remains something of a North Face of the Eiger in terms of being the market that every trader wants to conquer, whether a novice or a seasoned professional. A couple of blogs ago I highlighted the way that four years…
When we were suggesting to short the Nikkei (in the face of my ol pal Caawky & Mr “Big Call” John Piper’s long calls) 2 weeks ago at levels between 14500 – 16000 the retort I received from pretty much everyone I bounced it at was – “are you mad, it’s all about the Yen”,…
It sure doesn’t take much to get this stock market excited, which we have seen over the past six months as stocks have edged higher in spite of any concerns regarding the fiscal cliff and the sequestration. Even a potential stock market bubble in Japan is being pushed aside. So, when the non-farm jobs market…
Something just occurred that has not happened since 1997: the U.S. produced more oil domestically than we imported. Just a few years ago, people would’ve viewed that statement as simply a fantasy. This is a perfect example of what happens when business owners see an investment opportunity that will help create corporate earnings. The escalating…
Suleiman Kerimov It was with a little wry smile that I read the Sunday Times piece on Kazakhmys this last weekend whilst enjoying the sunshine. Danny Fortson has also now alerted his readers to the completely nonsensical valuation that we have banged on about on this blog for the last 3 months. We will not…
