Silver as an investment

Category Archives: Standard & Poor’s

“Black Swan” Anxiety Has Never Been Higher

The Fed's Williams warns that they "don't want there to be excesses in financial markets… " Two quick things… The market has almost never been this expensive… As Peter Boockvar warns: "Almost there. S&P 500 price to sales ratio is just 4% from March 2000 peak." And investors have never been more concerned about 'black […]

No Worries Anywhere: Vol Not Priced For Budget Ceiling Debate

Via Global Macro Monitor, Do the markets price risk anymore?   That seems to happens when the world is awash with central bank based liquidity. We do see the VIX creeping back over 10 after trading with 8 handle for its only second time in history last Wednesday. Just as with about everything else, with the […]

Dismal Data Sends Stocks To Record Highs As Short Interest Collapses To 2007 Lows

Overheard everywhere today…   Stocks (Dow and S&P) hit record intraday highs… (must mean everything is awesome, right?)   With Nasdaq's best week of 2017…So clearly, unlike The Leftists, Trump Jr's email means absolutely nothing…   BUT… This morning's terrible retail sales and inflation data sent 'hard' data to new post-Trump lows – lowest since […]

Angry China Slams Moodys For Using “Inappropriate Methodology”

The market may have long since moved on from Moody’s downgrade of China to A1 from Aa3 (by now even long-only funds have learned that in a world with $18 trillion in excess liquidity, the opinion of Moodys is even more irrelevant), but for Beijing the vendetta is only just starting, and in response to […]

A Rising (Central Bank) Tide Turns Everyone Into A Genius

Authored by Charles Hugh-Smith via OfTwoMinds blog, Until the system implodes–you're a genius. So you've ridden the markets higher–stocks, housing, commercial real estate, bat guano, quatloos, you name it–everything you touch turns to gold. What can we say, bucko, other than you're a genius! It's a market truism that rising tides lift all boats. But […]

Five Charts That Obliterate the Common Market Narratives of 2017

Market narratives are myths. Look at this chart. Which asset class would have been better to own in 2017 thus far… the blue line or the black line? It’s obviously a no brainer, the black line has nearly doubled the blue line’s performance year to date. Here’s the chart with legends included. Surprised? Thus far […]

What Keeps Goldman Up At Night About 2017

With 2016 still fresh in most investors’ minds, and questions about 2017 pressing, here is a summary, courtesy of Goldman’s Allison Nathan, of where Goldman believes we closed out 2016, what is in store in the coming year, and ultimately, “what keeps Goldman up at night” about 2017. 2016, and a peek at 2017 2016 […]

Here It Comes: Dividend Cuts In 2015 Exceeded 2008 Level

davidstockmanscontracorner.com / by Bloomberg Business / February 7, 2016 In 2015, equity investors looking for yield suffered death by 394 cuts. Last year, the number of dividend reductions far surpassed 2008, according to Bespoke Investment Group, citing data from Standard & Poor’s. The ratcheting down of payouts to shareholders is a function of weak commodity prices, sluggish growth dampening […]

The Oil Crash Of 2016 Has The Big Banks Running Scared

Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis.  Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the United States, and at this point 50 percent […]