Submitted by Charles Hugh-Smith of OfTwoMinds blog, We are fast approaching the moment when the value of the counterfeit trust, the counterfeit assets and the counterfeit promises are revealed as fakes.
AIG will sell its aircraft leasing business. Mario Monti will resign from his position as a Prime Minister. DJIA on green as HP and other tech giants showed improvement. Uncertainty in gold prices as taxes are expected to rise.
Gold producers, ignored as global stocks rebounded in the past two years and investors turned to exchange-traded funds that track bullion, face closing mines or shutting themselves down after the metal’s worst slump in three decades this week made 15% of miners unprofitable.
When it comes to trading macro, you cannot rely solely on fundamentals; you have to be a tape reader, which is something of a lost art form… technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their ey
By Richard Bloch:In doing some further research into the so-called “lost decade” for stocks I wrote about recently, I ran across a very simple strategy that would have done far better than investing in the S&P 500. Given the recent sharp plunge in stock prices, a $10,000 investment in the SPY S&P 500 ETF made in July 2000 would be worth about $97,00 as of Thursday August 11 even accounting for dividends.
MyPlanIQ submits:Last week saw the continued trend: U.S. stocks gained while emerging market stocks lost. Among risk assets, U.S. stocks (VTI) rose 1.69% while emerging market stocks (VWO) had the biggest drop: lost 2.41%. U.S.