In a post earlier this week, we looked at hedging one widely-traded stock that was within a few cents of its 52-week high, ADM (“Downside Protection For ADM”). Another stock in a similar position Wednesday was Intel (INTC). Shares of Intel rose fractionally Wednesday, closing at 26.98, within a few cents of their 52-week high of $27.12. (more…)
Precious metals boosters will see gold’s nominal price break upward and probably get excited. They will marshal the troops for what could one day turn out to be a full fledged tout, as if the 40% decline of the last 2.5 years had never happened.
Well, my fellow Slope-a-Dopes, we are heading straight into the fierce fiery ferocious fangs of FFFF! And yes, macro event risk & economic data points can and will have an immediate impact on our capital markets. (more…)
US manufacturing expanded again last month as July’s strong pace was maintained in August at 55%+. New orders increased at a healthy rate of nearly 5%, but right along with this prices also increased by 5%. (more…)
The news is awash with the disastrous happenings to befell on some of the nation’s oldest, and at one time, most trusted brand names. i.e., JC Penny®, Sears®, HP®, Microsoft®, and others. Understanding what needs to be the next move for each is not only formidable; it may just be terminal. (more…)