VIX Seasonality Suggests Higher Readings
The VIX is back to 2007 levels and actively defying the contrarian implications of extra low VIX readings. Will the VIX drop much further? A...
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U.S. Airways & American Airlines Merger Has an Eye on Emerging Markets
Shares of US Airways (LCC, quote) and American Airlines (AAMRQ, quote) have seen substantial appreciation over the past few months due to merger rumors. Now...
Hedge Fund Billionaire Sells Entire Apple (AAPL) Position, Buys Facebook
Noted hedge fund manager Leon Cooperman of Omega Advisors has completely sold out of his Apple (AAPL) stock, according to a Security and Exchange Commission...
Can People or Corporations Have Too Much Cash?
Is it possible to have too much cash for your own good? I believe the average 7th grader would easily recognize the inherent absurdity of...
Comment on Race to the Bottom? Are You Sure?
The market is near all time highs and the dollar is exactly where it was twenty years ago when the S&P was around 300. That’s...
Thursday: Weekly Unemployment Claims
At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 360 thousand from 366...
Apple Share Buyback Could Become More Aggressive
Apple Inc. (NASDAQ:AAPL) could start returning more cash to investors, according to analysts at Morgan Stanley (NYSE:MS). The company has been grappling with hedge fund...
Obama Seems Determined to Follow the FDR Playbook
Right on the eve of the biggest negative NGDP shock since the 1930s, Congress and the Bush administration got the bright idea of raising the...
The “Dumbing Down” of State of the Union Addresses
It’s really best to go to The Guardian where the interactive graphic below appears, but, as you can discern from the general direction of the...
Buffett’s Favorite Valuation Metric Surges Over the 100% Level
For the first time since the recovery began, Warren Buffett’s favorite valuation metric has breached the 100% level. That, of course, is the Wilshire 5,000...