3 May, 2014 by The TZ Newswire Staff Comments Off on What Have We Learned From The Banking Crisis? (Spoiler Alert: Nothing Good)
What Have We Learned From The Banking Crisis? (Spoiler Alert: Nothing Good)
“The crisis doesn’t destroy wealth, it merely evidences the extent to which wealth has already been destroyed by stupid investments made in the boom.” This is critically important, as banking (or financial) crisis do not start the day the market collapses but years before, and as Punk Economics’ David McWilliams explains, this is usually driven by banks (central or otherwise) beginning to lend recklessly using other people’s money to ramp up asset values. So, with that in mind, what have we learned from the 2008 banking crisis? (spoiler alert – nothing good).
3 May, 2014 by The TZ Newswire Staff Comments Off on Gold Breaks Out of Falling Wedge
Gold Breaks Out of Falling Wedge
Gold broke out of its recent falling wedge pattern, which is the normal expectation for that pattern.
The weekly chart shows price sliding down the declining tops line. Nice that it is staying on top of the line, but it needs to reverse direction.
3 May, 2014 by The TZ Newswire Staff Comments Off on Tracking Down Great Stocks with DP Trackers
Tracking Down Great Stocks with DP Trackers
Hello Fellow ChartWathcers!
April ended on a fairly positive note with all of the major US average up about 1% for the week. That comes as we head into what has been – at least over the last 5 years – the worst month of the year for the S&P 500. Courtesy of our Seasonality charting tool, here is the phrase “Sell in May and go away” pictured in one chart:
3 May, 2014 by The TZ Newswire Staff Comments Off on Even Comedians Know "America Is Sliding Very Fast Towards Fascism"
Even Comedians Know "America Is Sliding Very Fast Towards Fascism"
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
3 May, 2014 by The TZ Newswire Staff Comments Off on Cyclicals Not Worth The Gamble
Cyclicals Not Worth The Gamble
In 2013, market participants couldn’t get enough of cyclicals, or consumer discretionary stocks. The XLY (ETF that tracks consumer discretionary) rose more than 40% in 2013 to lead all sectors on a relative basis. But things have changed in 2014, with many of the strong industry groups in 2013 lagging badly in 2014. A prime example is the Dow Jones US Business Training & Employment Agencies index ($DJUSBE). Take a look at how quickly this industry group has fallen from power:
3 May, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Major retirement savings mistakes — by millennials
NewsWatch: Major retirement savings mistakes — by millennials
When it comes to saving and investing for retirement, wisdom is wasted on the aged.
3 May, 2014 by The TZ Newswire Staff Comments Off on Buffett defends Coke, BNSF at Berkshire annual meeting
Buffett defends Coke, BNSF at Berkshire annual meeting
Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc conglomerate at its annual shareholder meeting. The investment guru was peppered with questions at the meeting, part of a mostly festive weekend that Buffett calls “Woodstock for Capitalists,” following concerns that Berkshire last year missed Buffett’s five-year growth target for the first time in his 49 years at the helm.