Click charts to ENLARGE.Nothing really remarkable about the SP500 action today. Higher high, higher low, bounce off the trendline, low volume. Nothing wrong.______________________________________________________The financials had a decent day today, although with how much conviction. Here's Goldman Sachs. The old saw about financials was 3-6-3 (borrow at 3%, lend at 6%, be on the golf course by...
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With gas prices soaring into the stratosphere, drivers are working harder than ever to eke out the best mileage from a tank of gas. And while saving at the pump isn’t rocket science, it doesn’t hurt to know some if you want to sort out the good tips from the duds.
NEW YORK (Reuters) - Kohl's Corp , a mid-priced apparel and home goods retailer, reported a quarterly profit on Thursday that beat Wall Street's expectations and raised its full-year forecast, saying tight expense controls would help it weather a tough U.S. economy.
Good showings by Wal-Mart and other chains provided a nice lift to retail ETFs.
The three major averages put in a good day despite discouraging inflation, housing and employment data. Frank Curzio weighs in with The Real Story (above).
In the two weeks that I have been away, there have been dramatic moves in the currency market. Not only did the US dollar carve out a bottom, but the greenback’s recovery has been impressive. In less 1 month, the EUR/USD has plunged 1000 pips, which is a drop of more than 6 percent. The psychologically level of 1.50 was easily broken and now, the currency pair is eyeing 1.45. The Euro con...
Everything's relative, and this alcoholic beverages distributor is trading at a great price relative to past performance.
Last week, we highlighted that the rising prices of commodities during 2008 was costing the average American an extra $1.77 per day this year, which was down sharply from the $4.77 we saw in early July when oil and most grains were peaking.In the chart below we calculated the '08 price change of the major food and energy commodities in the CRB index (Corn, Soy, Wheat, Cattle, Hogs, Oil and Natu...
Jesse Eisinger's column this month is about the different regulatory structures in London and New York, and how they both failed. I asked him about it: Jesse, you travelled to London for your latest column, and came away with the conclusion that neither the UK's principles-based regulatory approach nor the US's rules-based system have worked very well in practice. That said, you do seem to thin...
According to Reuters and The New York Post, T. Boone Pickens' BP Capital hedge fund was down 35% in July. The fund manages $7 billion. Of course, that loss is probably only on paper. Pickens could get himself in trouble on oil prices. He is bullish enough to be promoting wind energy as an alternative, preaching to anyone who will listen. In the meantime crude has fallen from $143 to $117, not g...