Charts Of The Day: If you want to play with the no sales biotechs – be prepared for anything!
Charts courtesy of Stockcharts.com No positions
The Winners & Losers Of The Fed’s QE
The jury’s still out on how history will treat the Federal Reserve’s unprecedented stimulus program. After the central bank pushed its main policy rate to zero in December 2008, it started buying hundreds of billions of government debt and mortgage-backed securities to keep longer-term interest rates low. That became known as quantitative easing. The real punch…
OPEC Meeting Later This Week
OPEC expected to leave crude oil output unchanged, showing how cartel’s power to sway prices has ebbed Source: http://www.wsj.com/articles/opecs-pricing-leverage-is-weakening-1433117819
U.S. Drug Shortages Frustrate Doctors, Patients
Drugs in short supply include cancer treatments and antibiotics; manufacturing snafus Read More: http://www.wsj.com/articles/u-s-drug-shortages-frustrate-doctors-patients-1433125793
Required Reading Of The Day
Are You ‘Over-Exposed’ Online? Lessons From IRS Hack – Fox Business A Game Changer in Cancer Treatment – Fox Business FOX Business Network’s New Line-Up – Fox Business Macau’s Casino Revenue Drops 37% Bloomberg Beau Biden, son of U.S. vice president, dies at 46 – Fortune This 1958 Fortune article introduced the world to John Nash and…
Less than thrilled about the market here.
We are less than thrilled at what we are seeing here. End of quarter today not so good. 50% of the market is already bearish…which makes us watch the other 50% closely. When markets are at or near highs, a 50% number is more than subpar…telling us fewer and fewer soldiers are going up the…
The BIOTECH Bubble inflates even more!
TEVA buys ASPX for $3.2 billion in cash. ASPX has no sales. That’s not to say that they wont have sales going forward. Just remember what we told you. The biggest bubble by far is the bond markets around the globe. $14 trillion will do damage. After that, it is the massive number of NO…
This should mean 20,000 Dow at a minimum!
Source: http://davidstockmanscontracorner.com/q1-earnings-alert-worst-sales-and-profits-decline-since-2009/
Added a few things to last night’s report!
We wrote this traveling from airport to airport yesterday. We added a few things this morning. After a nauseating week, a little relief because of 3 things occurring late in the week. The all-important biotechs were slammed down to the 50 day where a rumored buyout in the group stanched the group’s bleeding. It will…