The S&P 500 is threatening to end the year not only on the upswing but also in the black for the past 12 months. So why exactly is this terrible news? Well, it’s not for you and me. But it is for the many fund managers who are underperforming the market. Says
US banks had another forgettable year. The third quarter was their worst since the financial crisis. Now, it looks like the fourth quarter will be even more abysmal. US banks have very little positive developments to point to. Fixed-income trading may fall 12% from the third quarter… equities may drop 10%… and
An exclusive group of powerful Wall Street insiders, many of them alumni of Goldman Sachs, got an advance heads-up from then Secretary of Treasury Henry Paulson that Fannie Mae and Freddie Mac could be going into government conservatorship. The trade implications were obvious: Freddie and Fannie’s shares would be going down the
In theory, nobody apart from the C-level executives knows more about a company than the 5,000 or so analysts who follow American companies.
Just a few years ago I had a couple of uranium companies in my portfolio. I was ecstatic when uranium broke through $50. Now priced in the mid $50s, it’s more of a sign that the new nuclear age is in doubt.
Last week the US turned its back on Canada’s oilsands, putting on hold a pipeline project that TransCanada had already spent $1.9 billion on and would have created 30,000 jobs within months
This year the market is eerily following in the footsteps of 1973…right up to this month. In 1973 the rally that lifted the market through September and October abruptly ended.
Momentum stocks start moving higher because the earnings outlook of the company behind the stock is getting better. But stronger earnings aren’t enough. Momentum stocks need massive improvements in earnings, each and every quarter.
