Companies bought back the most shares in 2007, right before the crash, and the least shares at the most opportune time in 2009. In practice, insiders buy low and sell high, and pocket cash from options all the way up. Insider activity is exactly the opposite of how companies treat shareholders.
Oil prices may have gone as low as OPEC is willing to tolerate. After several months of price declines, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC) says the group may cut its production target for 2015 because of an abundance of supply.
The markets felt comfortable with the dovish reassurance that came out of the Fed meeting, with the ‘considerable time’ phrase in the statement telling investors that the FOMC was in no hurry to start raising rates in the spring — the feared timeline for a quicker rate hiking process.
Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. However, rather than undertaking asset purchases that would inject reserves into the overall banking system, the PBoC forced liquidity directly into state-owned banks.
Stock prices have a high correlation to economic activity and earnings. History tells us bear markets are often kicked-off by recessions. Recent economic data does not hint at an imminent recession. However, a mixed message came in a September 15 report on industrial production.
Gold recently fell to its lowest level in seven-and-a-half months as the dollar rose to a 14-month high. Easing tensions in Ukraine and the Middle East also acted as a drag on gold and silver prices. Investors have been asking the obvious question...
The debate over natural gas exports appears to be over. On Sept. 10, the U.S. Department of Energy approved two more export terminals for liquefied natural gas (LNG) and it barely made any news.
The Fed remains the market’s sole preoccupation today as investors look for clues to the future course of monetary policy in the central bank’s official statement this afternoon. The ‘considerable time’ debate has been dominating market participants’ discussion of the Fed.
Water is the single most important resource on the planet but human consumption is already beginning to outpace growth of the global water supply. As a result, tensions over shared water resources could give rise to conflict.
With ongoing problems in Europe and U.S. valuations looking stretched, well-known money manager Louis-Vincent Gave thinks Asia has the most going for it right now. Here are some excerpts of his recent interview.