Another Record Debt Sale = Record borrowing for the U.S.
Ian Mathias (The Daily Reckoning):
The U.S. government will finish its historic streak of debt sales today with a record $16 billion offering of 30-year bonds. This will pile on top the $65 billion in 3-year and 10-year paper auctioned earlier this week, both records in their own right.
It’s worth noting that Monday’s auction for 3-year debt was met with ravenous, near-record demand and that Tuesday’s 10-year sale met a bid-to-cover ratio of 2.8… historically high for the 10-year, but not even close to the 3.3 ratio for the shorter dated bonds the day before.
“The market is sending many errant signals right now,” notes Dan Amoss. “U.S. policymakers are trying to reinflate stocks, houses and wages, while also recapitalizing an undercapitalized…
Don’t ignore the analyst
Before you read too much into the headline notice I didn’t say listen to the analysts; I said don’t ignore them. Let me explain the difference. My own blog is called Financial Tides for a reason; I don’t recommend swimming against the tide.I think anal…
McDonald’s beats the Street
Now that’s the kind of quarter investors own McDonald’s (MCD) for.
Earnings for the third quarter, reported before the market open on Oct. 22, climbed to $1.15 a share from $1.05 in the third quarter of 2008. That was above Wall Street expectations…
Sirius XM management sells stock
There are two ways to look at management’s sales of millions of shares in Sirius XM (SIRI). One is that the executives saved the company from an almost certain bankruptcy and deserve a payday for that. The other is that the people running Sirius beli…
Volatility- The Essence of Stock Options
Last week Ron Ianieri from OptionUniversity.com came and gave us a great lesson on the misinformed traders out there and how options are a great tool (re-read it here), and today I asked him to teach us a bit about volatility and options! If you’ve not yet checked out Ron’s new online video do it [...]
Cash4Gold making money on fear
Cash4Gold is a low-rent business that buys cheap television time to promote its program in which people to send it gold in exchange for cash. Turn that old jewelry into money.
It turns out that Cash4Gold is an outstanding business. According to Te…
Prudent Speculator
Prudent Speculator
For over 30 years, our time-tested, value-based investing approach has provided our readers with actionable investment [...]
Saturday Success Story – Raymond, Connecticut
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Are You One of “Them”, Too? Options Focused Post
I’ve had the pleasure of meeting and enjoying a beer with Ron Ianieri from OptionUniversity.com. For those of you who’ve had the opportunity of learning options from him, you know what I mean when I say he’s awesome! He’s experience, poised, and his knowledge from REAL LIFE trading is outstanding.
Well Ron (the linebacker looking [...]
Market action cause for caution
Just a quick note of caution. I normally only write a market momentum blog once a week, but the last two days of market action should be looked at. Here is why I’m cautious:
The Value Line Index, an index of 1,700 stocks, is presently trending below i…
Beat the market: Picks 2 & 3
Today for the MSN Top Stock Blog I’ve gone ahead and picked 2 more stocks to add to my portfolio of 10. The picks are Pharmasset Inc (VRUS) and Deutsche Bank Contingent Capital Trust V (DKT). These stocks were picked by using the BarChart New High list…
FOMC Week…
The dollar pushes back! FOMC plays battleship? Norges Bank meets this week…Precious metals give back too…And Now… Today’s Pfennig!
Good day… And a Marvelous Monday to you! Here we go… Starting a new week all over again… I have a blank page to start each day, and then 2 hours later… The Fabulous Pfennig! A work of art, I must say! HAHAHAHAHAHAHAHA!
Well… Recall on Friday, I said that the non-dollar currencies would probably just follow whatever the stocks did, since the data cupboard was empty? Well, the non-dollar currencies didn’t even follow that theme, as stocks pretty much wallowed around in the mud all day… The dollar began to push back at the gains the other currencies had made during the…
Tax cheats get more time
The IRS is extending the deadline to October 15 for tax cheats who have hidden assets overseas to turn themselves in. It is an odd way to treat law breakers, but the IRS must be recovering a lot of revenue, so the end-point of the program may be pushed…