I managed to catch a few comments in the distinct northern accent of Jim O’Neil, the fabled analyst who invented the ‘BRIC’ term, and who has been kicked upstairs to the chairman’s seat at Goldman Sachs International (GS) in London.
Jim thinks that it is still the early days for the space, and that these countries have another ten years…
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Dennis Gartman, of the ever interesting The Gartman Letter, published an interesting analysis on the ‘Monday-Friday’ effect. If you bought every Friday close last year and sold the Monday close, your return would have been 14.20%, versus a 0.42% return on the S&P 500 (SPX). Virtually all the gains would accrue at the Monday morning gap opening.
If you did…
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I opened the e-mail at my usual wake up time of 4:00 am. President Bill Clinton was playing with Tiger Woods at the Presidents’ Cup PGA tournament at the Harding Park Golf Course in San Francisco today. Would I have time for a chat about US economic policy afterwards?
That afternoon, in walked Bill, sunburned from his morning on the…
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In light of the upcoming Facebook initial public offering (IPO), I thought I’d share my views on how the company is valued and since they say an image is worth a thousand words, I thought this would be appropriate.
Spread the word if you agree!
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With a half hour to go in today’s trading session, over one million put contracts have already been traded on the S&P 500 index, which is about 2 ½ times the average daily volume. This elevated put volume comes on top of 913,000 SPX put contracts yesterday, which was the second highest for 2012.
The one million level is rarely…
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| Index | Last | High | Low | Daily Change (%) | Daily Range (% of ATR) |
| DJ-FXCM Dollar Index | 10098.47 | 10141.6 | 10088.66 | -0.21 | 117.63% |
Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.24 percent lower from the open, we’re maintaining our bullish outlook for the greenback as it maintains the upward trending channel from earlier this month. As the 30-minute relative strength …
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Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory
British Pound: U.K. Sticks To Austerity, Prepares Contingency Plan For Greek Exit
U.S. Dollar: Index Hits Fresh Yearly High, RSI Maintains Upward Trend
Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory
The Euro slipped to a fresh monthly low of 1.2660 as the heightening …
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I don’t know about you, but here in Texas I can barely drive a mile without passing a JPMorgan Chase (JPM) branch. They’re even inside the grocery stores.
Simply being everywhere doesn’t make a bank safe, of course. As we learned last week, traders in London just cost JPMorgan $2 BILLION and possibly more! Fitch Ratings downgraded its credit rating
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Risk Reduction Alert.
by John Thomas on May 17, 2012
in Featured, Stocks
For those who wisely ignored my advice to sell the SPDR Gold Trust Shares ETF (GLD) June $160 Puts on May 3, good for you. The options are now trading at $10.50 and you have a profit of 147%, adding 14.7% to your annual return. This will no doubt be your home run trade of the year.
If you still…
Tagged as: Daily Commentary
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