Sy Harding's picture

Current market projections are diverse. Nobel Laureate in economics Jeremy Siegel says he is still not concerned with valuations and has upped his previous projection of 18,000 for the Dow by year-end to "possibly 19,000".

Cris Sheridan's picture

A handful of readers wrote yesterday: “Corporate profits are rolling over!”, “Cris, it’s time to get the word out.” It appears the source of all the alarm was an article that recently appeared at Business Insider, “Wall Street Declares the Great Profit Margin Boom Is Finally Over.”

Oil Price's picture

Last week, South African-based Sasol Ltd. cleared a major regulatory hurdle to build the United States’ first Gas-to-liquids (GTL) plant near Lake Charles, Louisiana. The U.S. Army Corps of Engineers approved Sasol’s wetland modification permit to build the industrial complex that would use natural gas as...

Sheraz Mian's picture

The market seems to be cheering the surprisingly weak jobs report in the hope that it will lead to a more favorable Fed policy. But in order to reach that conclusion, you first need to believe this jobs read. And I find it extremely hard to believe it.

Detlev S Schlichter's picture

It is now six years since the collapse of Lehman Brothers, and considering that the US economy has officially been in recovery for the past five years, that equity indexes have put in new all-time highs, and that credit markets are once again ebullient to the point of carelessness...

Alasdair Macleod's picture

Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices.

Bill Fleckenstein's picture

Mario Draghi came as close to the “full Monty” as he possibly could by cutting interest rates 10 basis points to a measly five basis points, and increasing the negative deposit facility rate to -20 basis points. In addition, he promised to begin buying about $400 billion worth of asset-backed securities in about a month.

Stratfor's picture

China's urban population may grow by as many as 230 million people in the next 15 years. But most growth will take place not in metropolises like Beijing, Shanghai and Chongqing but in the myriad small and medium-sized satellite cities around them.

Doug Short's picture

Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 59.6 percent, up from last month's 58.7 percent and another record high for this relatively new indicator...

Chris Puplava's picture

Given the prior inflationary move seen earlier in the year, it is likely we should expect a moderation in economic momentum that has been building since Q1 of this year. Should growth moderate we are likely to see more economic releases surprise to the downside.

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