8 May, 2014 by The TZ Newswire Staff Comments Off on What Is The PE Of The iShares Biotech ETF? It Depends On Whether You Read The Fine Print
What Is The PE Of The iShares Biotech ETF? It Depends On Whether You Read The Fine Print
Something amusing, or rather, shocking was revealed when we decided to check on a fact Jim Grant noted yesterday in the fine print of the iShares Biotech ETF, also known as the IBB.
As a reminder, this is an ETF whose price over the past two years had gone absolutely parabolic and which almost doubled in the past year until the recent tremors managed to put a slight dent in the second tech/story bubble.
8 May, 2014 by The TZ Newswire Staff Comments Off on The Changing Nature Of Middle Class Work
The Changing Nature Of Middle Class Work
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
As a result of these profound systemic changes, new models of work are emerging.
Gordon T. Long and I recently discussed the changing nature of work–specifically, work that can support a middle class lifestyle and aspirations. This is the third of my series on the decline of the middle class:
8 May, 2014 by The TZ Newswire Staff Comments Off on Nasdaq Leads Market Rally But Oil And Gas Producers Lag
Nasdaq Leads Market Rally But Oil And Gas Producers Lag
Major averages rallied and were near session highs in late morning trading Thursday as investors pored over another avalanche of earnings reports. About two hours into the session, the Nasdaq rose 0.9% while the S&P 500 and Dow Jones industrial average gained 0.4% each. Volume was disappointing in the early going. Nasdaq volume was tracking 14% lower than Wednesday. NYSE volume fell 8%.
8 May, 2014 by The TZ Newswire Staff Comments Off on Spot The "Unrigged" Difference
Spot The "Unrigged" Difference
One of these markets has been confirmed as “not rigged” by the SEC… the others – have all been proved to be manipulated by various bankers over time… who’s right?
VIX is back under 13 and oil prices are rolling over too…
Bonds and JPY at LoD, S&P at HoD – sure why not!
8 May, 2014 by The TZ Newswire Staff Comments Off on Tesla stuck in reverse. How Elon Musk will keep the ride going
Tesla stuck in reverse. How Elon Musk will keep the ride going
Jon Najarian of optionMONSTER explains why Tesla bulls are looking to Elon Musk to drive the stock higher.
8 May, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Is Tesla Motors worth $50 or $500?
NewsWatch: Is Tesla Motors worth $50 or $500?
The company reported earnings last night that have left investors flat, but the stock may deserve a second look once the noise over earnings has quieted down.
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8 May, 2014 by The TZ Newswire Staff Comments Off on U.S. could lose $3 billion as budget forces fewer tax audits -IRS chief
U.S. could lose $3 billion as budget forces fewer tax audits -IRS chief
The U.S. federal government could lose almost $3 billion in revenue during the current fiscal year because budget cuts are forcing the tax-collecting Internal Revenue Service to audit fewer people, the agency’s chief said on Wednesday. Testifying before a congressional panel, IRS Commissioner John Koskinen said the IRS will audit 100,000 fewer individuals this year as part of congressionally mandated cuts to the tax agency’s budget. In 2013, total IRS audits fell by 5 percent from 2012 to reach the lowest level since 2008.