| Stock Market Bears Wrong Again, Apple to Push Dow to New All time High Posted: 23 Apr 2014 10:14 PM PDT Despite continuing perma bearish diatribe of why the stocks bull markets demise is always imminent, instead the general stock market indices such as the S&P have been setting new all time highs with the Dow set to imminently make its next all time closing high that follows on strong corporate news from the tech giants such as Apple and Facebook. |
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| How We Close Tomorrow Will Be Important Posted: 23 Apr 2014 09:46 PM PDT By Jeff Pierce Tomorrow isn’t going to be a game changer by itself but it could be the start of something if we get a strong close. However I wouldn’t start to call it a victory for the bulls because many of my internal signals are still pointing down and there has been a severe […] |
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| Miscellaneous Notes Posted: 23 Apr 2014 09:16 PM PDT When I was writing at RealMoney.com, I would often do little posts in the Columnists Conversation, and title them “Notes and Comments,” or something like that. I don’t normally do that here, but I would like to tie up some loose ends. 1) I received the following e-mail six weeks ago, and I feel it […] |
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| Gold Prepared for the Attack of the Short Sellers Posted: 23 Apr 2014 09:07 PM PDT Despite the ongoing attack of the short-sellers, the fundamentals of gold and silver production are increasingly robust. ROTH Capital's Joe Reagor tells The Gold Report why he believes the price of gold is steaming toward $1,500/oz, with silver prices following in the wake. Reagor highlights several junior precious metals miners in a market that is out to prove the bears The Gold Report: Let's talk about the growth and stability of gold and silver sales in Q2/14. What catalysts are on the hori |
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| Weak U.S. Housing Data Supports Euro Posted: 23 Apr 2014 09:04 PM PDT Earlier today, the common currency moved higher against the U.S. dollar after data showed that the euro zone manufacturing PMI rose to 53.3 in April from 53.0 in the previous month (while analysts had expected an unchanged reading). Later in the day, the Commerce Department showed that sales on new homes dropped 14.5\%, which supported the euro as well. Whether these positive numbers are in line with the technical picture of EUR/USD? |
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| Expectations Sky High For Amazon.com Again On Thursday Posted: 23 Apr 2014 08:23 PM PDT  | Amazon.com Inc. (AMZN) is set to report FQ1 2014 earnings after the market closes on Thursday, April 24th. Amazon is a notoriously low margin electronic and online commerce company. They sell just about anything a shopper could ever want on Amazon.com, and provide a variety of other offerings including Amazon Prime and Amazon Web Services. Amazon, like Google (GOOG) (GOOGL), has a history of heavily reinvesting profits back into the company, so EPS can often be difficult to estimate. During t |
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| Pounce on a Pullback in This Top Nat Gas Play Posted: 23 Apr 2014 06:13 PM PDT Spectra Energy (SE) is likely to pull back to its 50-day moving average before heading higher.The post Pounce on a Pullback in This Top Nat Gas Play appeared first on InvestorPlace. |
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| Doctor’s Perspective: Perils and Pitfalls of Corporatized Medicine Posted: 23 Apr 2014 05:54 PM PDT  | By JB McMunn, M.D.: “Professional bullying from administrators to run both a pill mill and a needle jockey business was tremendous. I resisted the entire time. But god, it wore me out." |
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| Forex Trading Alert: Weak U.S. Housing Data Supports Euro Posted: 23 Apr 2014 05:01 PM PDT Earlier today, the common currency moved higher against the U.S. dollar after data showed that the euro zone manufacturing PMI rose to 53.3 in April from 53.0 in the previous month (while analysts had expected an unchanged reading). |
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| Investors Holding Cash Confounded By Market Action Posted: 23 Apr 2014 04:43 PM PDT Until today, when the S&P 500 Index declined .22\%, the market had managed to move higher on the prior six trading days. The six day climb followed what some investors thought might be a correction beginning to take place in the market.On April 2nd the S&P reached 1891 before declining 4\% to 1816 on April 11th. The six subsequent trading days saw the S&P 500 Index rise 64 points to 1880, nearly recapturing the high reached on April 2nd. This type of trading action has been the norm |
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| Gold and Silver Stocks Begin Oversold Bounce Posted: 23 Apr 2014 04:24 PM PDT The bottoming process for gold and silver shares has been arduous as they've oscillated back and forth for almost a year. We noted a month ago that the failed breakout in March was strong evidence that an interim top was in place. |
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| Wednesday Market Blahs Posted: 23 Apr 2014 04:17 PM PDT Markets couldn't get anything going during market trading hours as volume was ultra-light. Positive data and comments were plentiful from Germany, England and the Eurozone as economic conditions improved. But manufacturing data from China continued to remain below 50 which caused a drop in China and Emerging Market sectors Wednesday. U.S. data was also soft as PMI Mfg Index Flash missed estimates and weakened slightly (55.4 vs 56.3 expected & prior 55.5) and new Home Sales plunged sharply |
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| Transcript: Ackman on Allergan: 'No One is Being Raided' Posted: 23 Apr 2014 04:15 PM PDT Bill Ackman, CEO at Pershing Square Capital, and Michael Pearson, Chairman/CEO at Valeant Pharmaceuticals, spoke with Bloomberg Television's Stephanie Ruhle and Erik Schatzker today about their joint bid for Allergan and ... |
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| Putin Seizes Russia’s Facebook Posted: 23 Apr 2014 03:56 PM PDT While Facebook's quarterly earnings is in US headlines, Vladimir Putin is taking control of Russia's top social network, VKontakte. His old KGB pals did the dirty work. |
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| Get Ready for Europe to Print Posted: 23 Apr 2014 03:53 PM PDT April 23rd, 2014 Chris Puplava Core Eurozone CPI inflation rate falls to 0.70\%, a multi-decade low This occurs at a time when the PIGS’ average unemployment rate rests near 24\% Deflation threat in Europe real as GDP in Europe likely to peak this year European hawks moving towards dovish side of the fence, opening door for more QE Implications: stronger European stock market, stronger USD, weaker commodity prices, stronger global growth More… |
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| What The Buy Side Expects From Microsoft Posted: 23 Apr 2014 03:39 PM PDT  | Microsoft Corp. (MSFT) is set to report FQ3 2014 earnings after the market closes on Thursday, April 24th. This quarter CEO Satya Nadella made a breakthrough announcement that for the first time ever Microsoft Office will be sold on the iOS operating system. Historically the war was always between Windows and Apple (AAPL) operating systems, but today the battles are being fought over mobile where Apple's iOS is going head to head with Google's (GOOG) Android OS. It appears that Nadella will cont |
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| Investors Must Know How We Got Here And Where We Are Going Posted: 23 Apr 2014 03:10 PM PDT Many hard-working Americans are scratching their collective heads about the following questions: |
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| S&P 500 Snapshot: Six-Day Rally Ends Posted: 23 Apr 2014 02:53 PM PDT April 23rd, 2014 Doug Short The six-day rally in the S&P 500, the longest since early September, came to a halt with a modest 0.22\% decline at the close. Today’s trading took place within the second narrowest intraday range of the year, a mere 0.31\% -- slightly wider than the 0.29\% on March 5th. The popular financial press blames today’s loss on some pre-open earnings disappointments and a surprisingly weak New Home Sales report. Even more surprising was the market’s indiffe |
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| Bill Ackman On Good Poison Pills, Bad Poison Pills and Things That Are Definitely Not Front-Running Posted: 23 Apr 2014 02:43 PM PDT Bill Ackman is pretty good at waiting. He waited more than a year for JC Penney to see the light and hire the guy he wanted as CEO, and then another year-and-a-half for that guy to fail spectacularly and saddle him with a half-billion dollar loss. Speaking of half-billion dollar losses, he waited for more… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Allergan, Bill Ackman, Botox, reasonable periods of time, the right thing for shareholders, we have |
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| Container Vegetable Gardening Posted: 23 Apr 2014 02:40 PM PDT  | Learn some of the ins and outs of growing plants and food in containers / pots and how you can still produce a lot of food in pretty small spaces. http://www.treehugger.com/lawn-garden/container-vegetable-gardening.html Note: Did you know that growing your own ginger is pretty easy to do in a pot and makes a great house plant? Join the conversation » |
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| Daily Market Commentary: Modest Losses Posted: 23 Apr 2014 02:35 PM PDT The S&P experienced a small loss on lighter volume. After a long series of gains, today's loss was welcome, and doesn't change the larger bullish picture. Technicals remain bullish, and with the 20-day and 50-day MAs converging, the chance for a retreat and bounce at these MAs remains compelling.The Nasdaq experienced a larger loss than the S&P, finishing a few points below its 20-day MA. The triple swing low dating back to December 2012 remains the most likely place to find support, al |
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| Oil Trading Alert: How Far Down Could Crude Oil Go? Posted: 23 Apr 2014 02:19 PM PDT On Tuesday, crude oil lost 1.78\% as concerns over another build in U.S. crude oil inventories overshadowed ongoing fears over tensions between Russia and Ukraine. Because of these circumstances, light crude declined ... |
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| What You Should Know About Alibaba Posted: 23 Apr 2014 02:17 PM PDT In what is surely the most highly anticipated IPO of the year, shares of Chinese Internet retailing giant Alibaba are set to hit the market soon. Reuters reported last Wednesday that the Chinese internet behemoth is preparing to file the prospectus for a U.S.-based initial public offering next week, according to CNBC.com's Katie Holliday. Recent […] |
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| Stocks End Lower After Mixed Earnings, Data Posted: 23 Apr 2014 02:04 PM PDT Read full story for details. |
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| Bill Ackman’s Got A Fever And The Only Prescription Is More Takeovers Posted: 23 Apr 2014 02:02 PM PDT  | Ackman, who has teamed up with Canadian pharmaceutical company Valeant to launch a $45.6 billion takeover of Botox maker Allergan, warned drugmakers Tuesday that he plans to go on a little buying spree. "This is not the last deal we're going to do," he said. "We're already talking about the next deal we're going to… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Bill Ackman, Botox, shopping lists, targets, Valeant |
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| Apple Data Summary Posted: 23 Apr 2014 01:52 PM PDT  | Here’s the data summary from Apple’s earnings release click table to enlarge (click here if table is not observable) |
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| Nike: The First Casualty Of The Wearables Wars Posted: 23 Apr 2014 01:49 PM PDT  | Good Friday was anything but good for the engineers working on the Nike (NKE) FuelBand. Up to 55 members of the 70 person hardware team were let go on Friday, putting the future of the Nike FuelBand fitness wearable in question. For the uninitiated, the Nike FuelBand is a "high-tech" wristband that exercisers can wear to track their steps taken and calories burned. As Friday's news may have tipped you off, there were some problems with the FuelBand and it is almost certainly not the future of we |
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| Why Investors Are Showing Caution Ahead Of Pandora's Earnings Posted: 23 Apr 2014 01:40 PM PDT  | Pandora Media Inc. (P) is set to report FQ1 2014 earnings after the market closes on Thursday, April 24th. Pandora, one of the biggest players in streaming music, is expected to see a drop in percent revenue growth compared to recent quarters. In each of the past 9 quarters Pandora's revenue has grown on a year-over-year basis between 50\% and 60\%, but this quarter Wall Street is only looking for 37.5\% growth. 37.5\% revenue growth is no small feat, although Pandora is also expected to post a |
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| If You’re Fishing For A Compliment From Carl Icahn, Consider Getting Him Nice And Liquored Up First Posted: 23 Apr 2014 01:37 PM PDT  | Last night, in an interview with CNBC, Carl Icahn had this to say about fellow hedge fund manager Bill Ackman and his recent bid with drugmaker Valiant Pharmaceuticals for Botox maker Allergan: “We have our differences, but I never said he’s not a smart guy. I think the concept of this is good. I hope… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: advice, Bill Ackman, Carl Icahn, hedge fund managers, martinis, my throat's just so fucking |
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| Economic News, Earnings Fuel Modest Losses in US Stocks Posted: 23 Apr 2014 01:23 PM PDT The Dow Jones Industrial Average (DJI) inched into the black in early trading Wednesday, but spent the lion's share of the session wallowing south of breakeven, as traders digested ... (Read More) |
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| Tony Blair Backs Dictators Over Freedom in New Fundamentalist Christian Crusade Posted: 23 Apr 2014 01:16 PM PDT Britain's former Prime Minister who betrayed Britain by taking the country into an illegal 10 year Iraq war on the basis of lies that resulted in more than 150,000 civilians deaths all in the lunacy of praising his own version of the 'man in the sky' cult that goes by the name of the Roman Catholic church, today emerged to further his evangelical fundamentalist message of siding with Russia's Czar Putin in his latest East European war of conquest that first consumed former Tartar Crimea and look |
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| Sudden Interest in TIPS Posted: 23 Apr 2014 01:15 PM PDT Someone was apparently in need of 5-year TIPS late last week, as the yield dropped 14 bps on Thursday (from -0.06\% to -0.20\%) ahead of the holiday weekend. You might assign such a move to illiquid markets ahead of Easter, but the yield actually fell another 3 bps on Monday. Strangely enough, there was no [...] |
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| A Better Buffett Bet…. Posted: 23 Apr 2014 01:07 PM PDT Buffett shouldn't be searching for someone to explain the bear case on Berkshire. He should be looking for someone to explain why anyone should continue to hold his firm's stock relative to a broader index. Now, THAT would make for a fair and interesting discussion. |
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| Is the Bounce Back in the Stock Market’s Step? Posted: 23 Apr 2014 01:00 PM PDT As I wrote last week, the current market action is not what I’d call convincing in terms of a truly renewed bull run. Especially during a holiday-shortened week, aberrations in volume (both |
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| Strong Earnings Expected From Visa, But Risks Abound Posted: 23 Apr 2014 12:46 PM PDT  | Visa Inc. (V) is set to report FQ2 2014 earnings after the market closes on Thursday, April 24th. Visa is an American multinational financial services company known for its branded credit and debit cards. Earlier this month Visa lost its status as the world's most popular debit card to China UnionPay, nevertheless Visa continues to grow in both EPS and revenue as the world increasingly shops with plastic. This quarter Wall Street is expecting a 14\% increase in EPS and an 8\% gain in revenue com |
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| Do You Have What It Takes to Be a Secretary? A 1959 Quiz Posted: 23 Apr 2014 12:16 PM PDT  | Question 1: Do you have "a natural flair for organizing the activities of others?" |
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| Mohamed El-Erian’s Departure Had Nothing To Do With Bill Gross’s Habit Of Telling People To STFU With Just A Look Posted: 23 Apr 2014 12:14 PM PDT  | Or so he says. Gross, who manages the $232 billion Total Return Fund, said April 10 on a Bloomberg Television interview that El-Erian's resignation was a mystery to him and he may have been premature in anointing him as his sole successor…El-Erian said he now spends up to 50 percent of his time advising Pimco's… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Bill Gross, breakups, Mohamed El-Erian, PIMCO |
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| Paying for Growth? Case Study Posted: 23 Apr 2014 12:00 PM PDT What Price for the whole business would YOU pay? Then tell me the per share price. The company had operations for 25 years prior to going public. The company’s stock price will under perform the market (SPY) about 1/3 of … Continue reading → |
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| The Economy Is Finally Approaching Lift-Off -- 4 Sectors To Target Posted: 23 Apr 2014 11:30 AM PDT If you live in Southern California and look out on the horizon, you may notice a lot of cargo ships along the coastline these days. #-ad\_banner-#According to the Port of Los Angeles, the volume of goods being shipped in (measured by container volumes) rose 41\% in March. |
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| YUM Brands & China Are 2 Different Things Posted: 23 Apr 2014 11:11 AM PDT  | A funny thing happens every time there’s a discussion about $YUM Brands. They all feel the need to bring up China, like it’s the be-all […] The post YUM Brands & China Are 2 Different Things appeared first on All Star Charts with JC Parets. |
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| Einhorn Sees Tech Bubble Posted: 23 Apr 2014 11:10 AM PDT Hedge fund guru David Einhorn says he sees a bubble in the tech sector, and he’s selectively shorting a basket of tech plays he thinks are very overvalued. “Now there is a clear consensus that we are witnessing our second … Continue reading → |
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| Killing the Maximum-Wage Myth Posted: 23 Apr 2014 10:59 AM PDT Julian Adorney writes: As Bill Maher indicates, the issue of a maximum wage is one that simply will not go away. The comedian and liberal pundit recently expressed support for a maximum wage of $300,000, arguing that wages for the bottom 90 percent of Americans stagnated while worker productivity rose. Greedy executives, in Maher’s scenario, are robbing the worker and seizing more than their fair share. |
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| Here's Why A Great Report Is Expected From Under Armour Posted: 23 Apr 2014 10:53 AM PDT  | Under Armour Inc. (UA) is set to report FQ1 2014 earnings after the market closes on Thursday, April 24th. Under Armour is a high performance athletic wear manufacturer. The company's stock has been on fire lately, but like many other growth stocks, it has sold off over 13\% since mid-March. This quarter, Wall Street is expecting Under Armour to report flat earnings compared to FQ1 of last year and a 26.5\% gain in year over year revenue. In March, competitor Nike (NKE) blew earnings estima |
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| U.S. Quarterly Economic Review - Optimism at the Fed Posted: 23 Apr 2014 10:48 AM PDT In today’s Outside the Box, Lacy Hunt and Van Hoisington of Hoisington Investment have the temerity to point out that since the Great Recession officially ended in 2009, the Federal Open Market Committee (FOMC) has been consistently overoptimistic in its projections of US growth. They simply expected QE to be more stimulative than it has been, to the tune of about 6\% over the past four years â€" a total of about $1 trillion that never materialized. Given that dismal track record, our a |
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| Broke Celebrities: ‘Fockers’ Actress Teri Polo Files for Bankruptcy Posted: 23 Apr 2014 10:47 AM PDT  | 'Meet the Parent's actress Teri Polo filed for Chapter 11 bankruptcy on April 14. She owes close to a million dollars in debt.The post Broke Celebrities: ‘Fockers’ Actress Teri Polo Files for Bankruptcy appeared first on InvestorPlace. |
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| T-Bonds Are Universally Hated, Not a Single Economist Expects an Economic Downturn Posted: 23 Apr 2014 10:46 AM PDT A 100\% Consensus This doesn't happen very often. Marketwatch reports that Jim Bianco points out in a recent market comment that the 67 economists taking part in a regular Bloomberg survey have a unanimous forecast regarding treasury bond yields: they will be higher 6 months from now. This is a truly striking result, and […] |
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| The Bitcoin Bugle: Mark Karpelès Had a Dream Posted: 23 Apr 2014 10:46 AM PDT  | And it wasn't to transform a role-playing card exchange into the vanguard of a financial future without fiat currencies or central banks. That was incidental. Or, rather, it was a means to an end, the end being a much more prosaic, conventional business: a coffee house that would help one lonely French fat kid in… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: 42, anime, bitcoin, catastrophic communication, cosplay, Mark Karpeles, Mensa members, Mt |
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| Ben Bernanke Has Regrets Posted: 23 Apr 2014 10:40 AM PDT  | As nice it was to spend eight years saving the economy and testing the proposition that there are no stupid questions during sessions with various congressional committees, gentle Ben would just as soon trade them for the quiet times at Fisher Hall. Although most of his comments were directed at the Fed’s moves that led… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Ben Bernanke, Fed, Fed talk pretty one day? |
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| The End is Nigh! Posted: 23 Apr 2014 10:37 AM PDT The Prophets of Doom Repent, ye sinners! (Photo via thecargoculte.com / Author unknown) The end is nigh! It is quite fascinating that prophecies of imminent worldwide doom enjoy such enduring popularity. Predictions of global apocalypse have been highly fashionable throughout history. As an added bonus, the caste of professional doomsayers was often […] |
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| A Short Introduction to Investing (in 400 words) Posted: 23 Apr 2014 10:36 AM PDT "Investing successfully is really hard." (Tadas Viskanta). "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." (Mark Twain). Manage risk first. … Continue reading → |
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