GM, Ford, Fiat Chrysler slide on Morgan Stanley price warning
http://www.reuters.com/article/us-autos-stocks-idUSKCN0VX2GN
Required Reading Of The Day
U.S. new home sales tumble; services sector weakens Obama weighs Republican Nevada governor for U.S. Supreme Court Pimco criticizes bank break-up proposal by former executive, Fed’s Kashkari Oregon refuge protesters to be arraigned over armed occupation Iran arrests father of jailed U.S. citizen: family
Investor’s Edge: 02/24/2016
Investor's Edge: 02/24/2016Listen to today’s show by clicking here.
Chart Of The Day…
Ok, just kidding, this is a picture of the day. It’s a picture of a man that can’t be stopped.
Just one last note…we promise!
Lots of questions being asked so one more email: We do not believe recent lows get taken out any time soon. We know the last rally only lasted 10 days but bear market rallies usually last a multiple amount of weeks. Time and price take care of the stretched, extended and oversold conditions. Even though…
Listen To Tuesday’s Show – Investor’s Edge: 02/23/2016
February 23, 2016 Investor’s Edge: 02/23/2016 On Today’s show Gary covers: Gary gives you an in-depth look at how important (and weak) the financials are acting right now Important areas of resistance the market hit this week The madness of Bernie Sanders… Listen to todays show by clicking here
Kaltbaum on JP Morgan energy woes!
Since we are being asked: A Financial Times headline says that JP Morgan had to add $500 million to loan loss reserves because of “energy pain!” Now you know why financials have been acting horrid. They are not going to be alone. Remember, in bear markets, everything comes front and center as debt and leverage become…
New Home Sales Plunge Nearly 10% In January
For months, Gary has been telling you on TV and Radio that the market is forecasting weaker economic data. We are now seeing it happen in real-time. New Home sales fell -9.2% last month to an annualized rate of 494,000, missing the Street’s estimate for 520,000.
Few Headlines From Today’s EIA Inventory Report
*USA EIA Crude Oil Inventories for Feb 19 3.50M vs 3.43M Est; Prior 2.15M *USA EIA Gasoline Inventories for Feb 19 -2.24M vs -1.03M Est; Prior 3.04M *MW U.S. crude-oil inventories up by 3.5 million barrels: EIA *MW Gasoline supplies down 2.2 million barrels: EIA *MW Distillate supplies fall by 1.7 million barrels: EIA *MW…
More Lousy Economic Data
Don’t worry everything’s fine: February’s Flash PMI Services Index Fell to 49.8, missed estimates for 53…