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RTRX Retrophin, Inc. (Biopharmaceutical) Current Price: $23.36 Potential Target Price: $14.90 Aprox:$8.00 potential fall off / 35% correction. DAILY Perspective Of significance to note on the daily chart: Down trend, potentially with another leg down to go (wave 5?) Large Unfilled Gap IF the market continues to drop at the same rate (i.e. inside green channel), […]
The Canadian Dollar has fallen 23% against the US Dollar since Valentine’s Day of 2013. Is the worst over? Or is there more pain to come? The Bull Case There are a few reasons why the CAD might rise: The Fed does not hike rates in 2015. The US economy decelerates faster than Canada’s does. […]
Excerpted from work by Robert McHugh PhD There is a major turn coming to stock markets, a major trend turn, sometime over the next one to four weeks, and an analysis by Robert McHugh PhD suggests sometime between March 18th and April 22nd. While it is unusual to present a Fibonacci cycle turn with such […]
The New Economy: ZIRP = Zero Interest Rate Policy, keeping rates at historical low levels near zero. Purpose: To fund insolvent mega banks that are allowed to risk the savings of everyone and who have lost but are bailed out with freshly printed money, over and over again. The far more nefarious reason for ZIRP is […]
A Bull in a China Shop China’s stock market is on fire… …But its economy is cooling off. Can the divergence last? And what’s next for China? Stay tuned to find out… Money flows Corruption According to the Financial Times, “Mr. Xi (China’s President) has launched the most aggressive anti-corruption drive ever seen in Communist […]
The SNB’s Wake-Up Call: Keynesian Central Banking Is Destroying Money And Markets01-17-15 Jeffrey Snider of Alhambra Investment Partners via Contra Corner blog,via ZH It seems everyone was short the franc (CHF) as a matter of taking monetarism at face value. In other words, it amounted to believing the central party line about the economy and normalcy despite the fact […]
The Financial System Broke Last Week 01-17-15 Phoenix Capital Research via ZH Global Central banks’ reputations are on borrowed time. ALL of the so called, “economic recovery” that began in 2009 has been based on the Central Banks’ abilities to rein in the collapse. CRISIS: The first round of interventions (2007-early 2009) was performed in the name […]
Sudden market swings, dollar rise expose emerging market vulnerability: BIS 12-07-14 Reuters Traffic flows in front of the Bank for International Settlements (BIS) in Basel December 5, 2013. Credit: Reuters/Arnd Wiegmann Related News Investment banks lag rivals on profitability, efficiency: study Currency ties key to dollar reserve hegemony: BIS study BIS raises ‘hot money’ concerns about […]
With Q3 Buybacks Surging, These Are The Top 20 Repurchasers Of Their Own Stock 12-08-14 Zero Hedge Back in September, when we looked at the total amount of stock buybacks by S&P 500 companies, we observed that the “Buyback Party Is Over: Stock Repurchases Tumble In The Second Quarter” – according to CapIQ data, after soaring […]