Hurricane Florence Pounds Some Financial Markets $KBWP, $All, $TRV, $IAK, $HD, $LOW, $GNRC The path of Hurricane Florence’s potential destruction runs right through markets from stocks to mortgage-backed securities. The Category 4 storm, which is forcing more than 1-M people to flee to safety and could wreak as much as $27-B in damages in the […]
Insurer’s Catastrophic Losses Exceeded $175-B in 2016 A leading insurer reports that last year saw the highest costs from natural disasters since Y 2012, with 2 earthquakes in Japan in April accounting for the heaviest losses. Munich Re (FWB:MUV2) said in an annual survey Wednesday that losses from natural disasters totaled $175 billion last year, some […]
The Truth & Consequences of Breaking the $35oz Gold Peg $GLD, $SLV, $DIA, $SPY Since July 8th, the DJIA (Dow Jones) has seen only one day where it closed more than 1.50% from its last all-time high (Aug 2nd: -1.51%). Since then the Dow Jones has also seen 9 new all-time highs, 7 of them […]
People Spend a Lot of Time Telling Other People They are Wrong I am always amazed at amount of time and energy that people spend telling others when and why they are wrong. In stock and commodities business, people are wrong all the time. We stop out and move on, the Key is to cut […]