Swiss National Bank Scraps Peg

Swiss National Bank Scraps Peg

In a dramatic move the SNB abandoned the CHF peg to the EUR which saw the CHF appreciate by as much as 38% versus the EUR. With market speculation rife about a move to full blown quantitative easing  by the ECB next week, the SNB may have acted so as to limit its need...
Will The Oil Crash Spell Ruin For Stocks?

Will The Oil Crash Spell Ruin For Stocks?

Talk of deflation was overheard on the Street as a few analysts quoted by the news wires mentioned the D-word.  One reason for the recent equity market weakness is the uncertainty among investors as to whether lower oil prices are ultimately beneficial or detrimental...
An Historically Momentous Day

An Historically Momentous Day

Remember this day – Wednesday, January 14th, 2015; as it may well be recalled as a key inflection point in financial history. I had planned on writing of just one “historically momentous” event – i.e., last night’s implosion of base metal prices, signaling the “death...
Oil Trading Alert: Crude Oil

Oil Trading Alert: Crude Oil

Oil Trading Alert originally sent to subscribers on January 14, 2015, 10:19 AM. Trading position (short-term; our opinion): Short positions with a stop-loss order at $48.34 and an initial price target at $38 are justified from the risk/reward perspective at the...
“Steaks, Strippers & Sweet Rides: Wall Street’s Back”

“Steaks, Strippers & Sweet Rides: Wall Street’s Back”

  Perspective It is not just the tech sector that has entered “hyper-drive”, which is a term and convention used for a long time in the world of science fiction. While unwilling to define central banking as “science” or “fiction”,...
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