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Here’s my take on the markets today, May 18, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating again today. The 2Y Swap Spread is falling -2.4% to 35.75 bps. The France sovereign cds is down -1.6% to 217.34 bps. The Italian/German 10Y Yld Spread is falling [...]
This week’s featured ETF is the iShares Nasdaq Biotechnology (IBB). The ETF tracks the NASDAQ Biotechnology index. The top holdings include Alexion Pharmaceuticals and Amgen. Here is a complete list of the top holdings. The top ten holdings make up about 50% of the fund, so the concentration is not too bad. The trailing P/E multiple [...]
Here’s the transcript of this week’s chat at TradingWithCody.com, a service not affiliated with MarketWatch. All right guys, ask me anything. Q. Any idea or explanation why some important AAPL suppliers have completely different behavior? QCOM,BRCM more or less are following AAPL (about -10% since their earnings report) and others ( SWKS and mostly CRUS [...]
We haven’t learned any lessons from the ethanol debacle. Subverting our food supply chain in search of energy is one of the dumbest trades of all time. So when I see headlines like this from the Denver Post, I fret: Fracking bidders top farmers at water auction By BRUCE FINLEY The Denver Post DENVER—Front Range farmers [...]
I wrote the following on December 1st, 2009: -==-=-=-=-=-=-=-=–==–==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- I like investing internationally, because of the diversification it offers, both in stocks and bonds. Or, think of it as a hedge. Will the American Experiment continue to prosper? We have come a long way from the Founding Fathers, and more than half of it is [...]
Cross-posted from TradingWithCody.com, a service not affiliated with MarketWatch. “Flip It.” It’s a concept that I created when I was learning to invest that is all about looking at the news, the trades, the analysis, and everything else completely upside down from what you’ve been taught. When the economy is rosy, and everybody thinks it’s [...]
Here’s my take on the markets today, May 16, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating again today. The 2Y Swap Spread is falling -3.7% to 36.7 bps. The Spain sovereign cds is down -1.7% to 537.22 bps. The Italian/German 10Y Yld Spread is falling [...]
The market is getting a bounce in early trading, but it still needs to pick up some steam as the day wears on to have a real impact. We did get some positive economic reports today which seem to be helping. Both Asian and European markets were both down overnight, but our market seems to [...]
With half of the month of May in the books, the S&P 500 (SPX) is lower by 4.81% for the month and has declined 6.45% from its recent high. So, despite all of the seeming panic out there, this is just a garden variety pullback. The markets were cruising along yesterday until the last hour [...]
