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September, 2017 Archives

Daily Recap

Stock markets were fairly calm around the world, as people digest president Trump's interesting speech at the UN yesterday.  The Asia Dow gave up 0.14%, and the STOXX 600 lost 0.04% on a basically featureless day.

 

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Still Time for the Cyclicals?

by Jon S. Strebler

 

There’s Hurricane Jose, and two more behind it that may cause much more grief. Plus, we’re only about half-way through hurricane season. But at least in terms of Florida and Texas, Hurricanes Irma and Harvey, the US is into recovery mode and that, as discussed last week, will be a great boon for the construction industry.

 

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Richard’s Thoughts on Human Nature

Richard’s Comments

 

I spent the weekend re-reading my collection of Robert Rhea's Dow Theory writings and also re-reading William Hamilton's great book "The Stock Market Barometer." Hamilton (a Brit) was Dow's understudy and fourth editor of the WSJ. Talking about Dow Theory, Hamilton writes, “But the pragmatic basis for the theory, as working hypothesis if nothing more, lies in human nature itself.”

 

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The Strong Dollar Trend Appears to be Over

By Chuck Butler

 

You know the old saying, “A watched pot never boils”? Well, I think that I’ve fallen victim to that saying a few times in my life, but never as much as right now. In 2001, I wrote a White Paper titled "The Decline of the Dollar." I was all over the end of the strong dollar trend, like a cheap suit. A little early, mind you, but way ahead of the crowd. I was ridiculed by some, who didn’t believe the almighty dollar would become weak again. I used to kid about how I had gone out on a limb, but had chosen a big, fat sturdy one to hold me!

 

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Foreign Bank Stocks with Astronomical 5% Yields

By Dr. Carla Pasternak

 

"Don't put your money in banks. Put it in bank stocks," so the stock market adage says. But you need to be selective.

 

2.18%. That's the average dividend yield of the big money center banks mainly in the U.S. These banks do business with government and corporations, not just with folks like you and me. They include names like Citigroup (C), Bank of America (BAC), Goldman Sachs (GS), and Bank of New York Mellon (BK), which all offer puny yields of less than 2%.

 

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