It was very dull day to finish 2015 but not really surprising given the performance we have seen for the year. Shanghai has finished the year up 9.4% but it was the smaller Shenzhen Composite with a YTD gain of … →
Iraq warns that it will take military action against Turkey if they do not withdraw their troops from their territory. This would get complicated since Turkey is a member of NATO. So who is on whose side? Is Turkey just abusing … →
NASDAQ and NYSE are acting really insane cancelling stop loss orders and GTC (good until cancelled). These type of orders it appears will be discretionary with some brokers, but the exchanges will not accept them. The problem becomes the … →
The banks of Hungary and Portugal are in trouble. Larger buffers are needed and the economy has not yet moved into a full crisis mode. That is yet to come.
The hunt for money is absolutely destroying everything. The IRS has placed a maximum on the depreciation of assets. Any high-end cars over $40,000 must be paid for with after tax dollars. This will have some impact on the high-end … →
The New York Stock Exchange and NASDAQ are terminating stop-loss and good-til-canceled orders beginning Feb. 26, 2016. They are claiming risks occur from such orders during volatile trading. They are really admitting that there is a liquidity crisis. Additionally, going … →
The Department of Justice (DOJ) has announced that it’s suspending a hugely controversial program that allows local police departments to keep a large portion of assets seized from citizens under federal law and funnel it into their own coffers. This program has been … →
Asia finished a mixed session with gains in Shanghai (+0.25%) and Japan (+0.27%), countered with a small decline in the HSI (-0.53%). For Japan, today was the last trading day for 2015 and returned a yearly gain of just over … →
China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar … →
QUESTION: Marty, I believe that the traditional way of looking at even value no longer applies. Take the claimed doctrine in finance named the dividend discount model. They assume that the price of a common stock is the present value of … →
