Stocks remain very strong as the bulls continue to defend the short term 10 day-moving-average line for the major indices. The big news last week and last quarter is that easy money from global central banks is here to stay. For now, stocks continue to worship easy money and until that changes, the bulls are […]
Finally, the long awaited pull back arrived on Wall Street as the major indices pulled back and snapped a very strong 5-week win streak. The pullback began when a slew of commodities started falling as the US dollar rallied. Remember, commodity stocks led the way up so they are important to watch because…
Valeant Pharmaceuticals plunged more than 45% after the once high-flying Canadian biotech company reported earnings, slashed guidance and warned of a potential default. There are many important lessons investors can learn (or relearn) from the collapse in $VRX and I will cover three of them today.
Stocks rallied nicely last week but it was another volatile week. The moves that are occurring in capital markets are wild. In fact, they are some of the largest moves (both up and down) we have seen in years. The wild moves are taking place across several asset classes with some of the largest swings […]