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 Holiday Schedule is below. The closing for our models will be TODAY and for the most part this will be a full normal day. We are hovering around our year-end numbers in many markets from gold and the … →
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 … →
On Sunday, Swiss army chief André Blattmann warned directly to a Swiss newspaper that social unrest in Europe is rising. He warned that the increasing aggression in public discourse is becoming “dangerously aggressive” among Europeans. In general, tensions are rising and it presents … →
Despite the low volume, we saw a positive rally across Asian equities with all markets closing around 0.5% or higher. The PBOC set the yuan rate at 6.486, the lowest since mid-2011, but marginally weaker than yesterday. In Europe, markets … →
The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level, if breached … →
QUESTION: Marty, What is the answer to affordable home ownership? Here in Australia the tax incentive called negative gearing introduced during Paul Keating’s reign – to make rents cheaper has not really made rents cheaper and has caused residential property … →
Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday, will increase petrol prices by 50%. This will only bring gasoline to 33 cents (0.90 riyals) … →
