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October, 2017 Archives

Third Phase Excesses

by Jon S. Strebler

 

According to the Wall Street Journal’s data compilers, last Friday the NASDAQ set its “61st record close in 2017, matching its record set during the dot-com bubble in 1999.”  Also on Friday, the NASDAQ outperformed the senior Dow Jones Industrial Average by the widest daily margin in 15 years (+2.2% vs. + 0.14%).  We’ve seen the Industrials soar day after day, handily beating out both the S&P 500 and the NASDAQ, with the NASDAQ the weakest of the three since early September.  But Friday the tech-heavy index snapped back to life with surprisingly good earnings coming out of some of the biggest names on Wall Street.

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How to Buy Stocks for Half Price (Part 2)

By Matthew Kerkhoff

 

Greetings, and welcome back for another installment of our ongoing options series. In case you’re just joining us, this series is designed to help you understand how options can be used in a portfolio to enhance returns and minimize risk.

 

In our last installment, we began a discussion on how to use deep-in-the-money calls to purchase stocks for half price (or less). Today, we’re going to continue that conversation, further illuminating the benefits one can derive by using call options in place of owning shares of stock.

 

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1991 - The Year of the Last Aussie Recession

By Chuck Butler

 

Through the years, people have asked me why I focus on the Aussie dollar and its associated economics all the time. I always had a current reason, to rationalize why I spent so much time talking about Australia…  The land “down under” has been one of my favorite countries to follow, along with their kissin’ cousin across the Tasman, New Zealand, since I began my career trading foreign bonds in 1992.

 

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Daily Recap

Stocks carried forward with Tuesday’s US action, as the Asia Dow rose 0.14%. European shares sold off, however, with concerns about the ECB’s decision on monetary policy tomorrow.

The Dow Industrials opened about unchanged, but proceeded to sell off nearly 200 points, with other indexes falling similarly. In the US, poor earnings, i.e. from AT&T, and worries about tax reform becoming a reality, were the main features.

 

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Records Abound

by Jon S. Strebler

 

The fact that 2017 is an unusual year of astounding records in the stock market probably doesn't surprise many people - least of all, our readers. Last Friday, for example, was the 24th day that the three major indices we watch for US stock performance - the Dow Industrials, S&P 500, and the NASDAQ - all made new record highs this year. Our suggestion (not ours alone, of course) that we may be in the early stages of a "melt up," typical of the third psychological stage of a true bull market, seems more and more likely as each day of market performance passes

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