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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: July 9, 2013
Surviving the new American dream
Ahead of the FRONTLINE premiere of “Two American Families,” Bill Moyers explores how middle class families are surviving. Twenty-two years ago, Bill Moyers started documenting the story of two ordinary families in Milwaukee, Wisconsin — families whose breadwinners had lost … Continue reading
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Earnings tumbling with global growth
Equity analysts are perpetually bullish–except at the bottom of recessions where they notoriously capitulate to the recency effect and forecast a continuing plunge in earnings just as sales turn up. As a result, equity analysts are as utterly useless as … Continue reading
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