Thursday, March 6, 2014

Is Money The Root Of All Evil

I loved this speech the first time I read it, I still love it.

Wednesday, March 5, 2014

Ludwig Von Mises- The Greatest of All Economists and the Corruption of the Conservative Movement



Thursday, February 27, 2014

The Actual 'Benefits' of the 2009 Stimulus and Other Keynesian Nonsense

Still taking a break..... but will be back. In the meantime, I thought this was a great overview on the 'benefits' of government stimulus. 

Tuesday, February 18, 2014

The Bitcoin Economy

Yes, I have been quiet lately and to bluntly honest, I just do not feel like saying anything at the moment. Instead of turning out crap, I figured I would be quiet and contemplate where I wanted to go with this all. In the meantime, you may find this infographic on Bitcoin interesting.

bitcoin

Via Reuters by way of Business Insider

Wednesday, January 29, 2014

Austrian Economics with Glenn Jacobs

 A review of Austrian economics today and through history.


Market Recap- Jan 29

As I stated previously, I was planning on making some changes to what and I how publish. Going forward, I plan on combining the price/volume movers, heat map, and notable ratings changes in to one posting. Right now I am calling it Market Recap, but I really dislike that name. It will likely change. So with that, here is a review of yesterday's trading

In yesterday's trading, the market experienced a snap-back rally after three days of viscous, high volume declines. For the most part, all sectors traded to positive side with most stocks in the S&P 500 participating in the 60 basis point rally. That is outside of the tech sector, whose performance was hit by the decline in AAPL shares.


The heat map reflects the price the increase in prices, with most sectors showing higher overall demand, sans telecom and utilities. That aside, total volume on the S&P 500 was decelerated versus the previous days turnover. More so, total volume came in on par if not weaker than average. Despite the demand surge shown in the heat map, the overall price/volume set up to me suggests that the 200 day moving average is in play.




High Volume High

Not a lot action for high volume names, which calls into the question the veracity of the price rebound. Looking at the names, I would be leary of OSK despite the the stock making new highs. This is as the rally was heavily faded. However, the gain in WAT may have some legs after the company beat the Street's guess on earnings. More so, the shares appear to offer some relative value.









Volume off the High

More names came off the highs in yesterday's trading despite the overall rally attempt. The most notable standout was AAPL, whose shares pierced the 200 day moving average. I think this puts the $450 price level as standout possibility as to where shares will trade. Additionally, the break in the GLW shares now suggests the October 2013 gap will close.






Notable Rating Changes

Although the price/volume tenor of the market remains negatively bent, the analyst community remains positively oriented. Who can blame them. Momentum and trend remain their allie. There were no notable downgrades or negative ratings actions that occurred yesterday.

Positive















Negative
No notable rating changes occurred January 28




Tuesday, January 28, 2014

Significant Rating Actions for Jan. 27

Today I am resurrecting the Significant Rating Actions piece for you, a piece that I thought held value but one where I wanted time to test some screens. This follows from a research piece I read that attempted to quantitatively discern value from analyst rating changes. The below list are for companies in the S&P 1500
who saw significantly positive or negative rating actions yesterday.

Positive rating actions











Negative rating actions