EUR-USD Exchange Rate: This Could Depreciate the Euro Another 20%

17 hours ago - By Friday, September 4, 2015 - Opinion

EUR-USD Exchange RateOn Thursday September 3rd, the EUR-USD exchange rate plunged as much as 1.26% from 1.1233 to 1.1091. Why? The European Central Bank (ECB) just unveiled a revamp of its quantitative easing program. ECB president Mario Draghi said in Frankfurt that the Governing Council. 

Stock Market: All Bets Off as Six-Year Trend-Line Now Broken

18 hours ago - By Friday, September 4, 2015 - Opinion

Stock MarketFor the second quarter of 2015, companies in key stock indices like the S&P 500 reported a decline of 0.7% in their corporate earnings. This was the first decline in profits since the third quarter of 2012. But what was more alarming was that revenues for the S&P. 

Is Twitter, Inc. (NYSE:TWTR) About to Hit $15?

19 hours ago - By Friday, September 4, 2015 - Opinion

TwitterTwitter, Inc. (NYSE:TWTR) has been going through a tough time this summer, as its stock price forecast has turned sour, several of its product heads have departed, and its rate of user base growth has slowed. Going forward, there are several major concerns regarding. 

Technology Stocks: The 3 Most Anticipated IPOs of 2016

20 hours ago - By Friday, September 4, 2015 - Opinion

Anticipated IPOs of 2016It has been a great year for initial public offerings (IPOs). Companies such as Shake Shack Inc. (NYSE:SHAK), Fitbit Inc. (NYSE:FIT), and TransUnion (NYSE:TRU) enjoyed soaring share prices during their first day of trading. Despite the recent stock market tumble. 

Cyber Security Stocks: Ashley Madison Hack is Bullish for Check Point Software Technologies Ltd. (NASDAQ:CHKP)

22 hours ago - By Friday, September 4, 2015 - Opinion

Cyber-Security-StocksThe importance of cyber security continues to grow since the extramarital dating web site Ashley Madison was hacked and its membership information leaked. Both consumers and businesses are starting to feel, rather than simply understand, the shocking vulnerability. 

FINANCIAL NEWS

Bill Gross Says the Federal Reserve Missed Its Chance for a Rate Hike

16 hours ago - By Friday, September 4, 2015 - News

Interest RatesAs we approach a rate hike from the Federal Reserve, billionaire investor Bill Gross is arguing the central bank has already missed its opportunity. The “Bond King,” as he’s known on Wall Street, thinks the failure of monetary stimulus will bring about a colossal. 

Marc Faber: Gold and Silver Only Protection from ECB’s Quantitative Easing

21 hours ago - By Friday, September 4, 2015 - News

GoldJust one day before the European Central Bank declared an expansion of their stimulus program, Marc Faber was on Bloomberg TV arguing that rogue central banking will cause an economic collapse. He argued that “easy money” policies are dangerously irresponsible,. 

The Walt Disney Company (NYSE:DIS): Spielberg’s DreamWorks to Split from Disney

By Thursday, September 3, 2015 - News

 Walt-DisneyAfter the box office smash Jurassic World, Steven Spielberg reasserted his dominance in Hollywood just before his studio ends its seven year relationship with The Walt Disney Company (NYSE:DIS). DreamWorks Studios has reportedly raised over $350 million to finance. 

Freeport-McMoRan Inc. (NYSE:FCX): Billionaire Carl Icahn is Betting Big on Copper Prices

By Thursday, September 3, 2015 - News

Copper PricesIn an era of falling commodities prices, investing in copper doesn’t look like a popular choice. However, billionaire investor Carl Icahn just disclosed an 8.5% stake in copper mining company Freeport-McMoRan Inc. (NYSE: FCX). (Source: The Securities and Exchange. 

Phillips 66 (NYSE:PSX): Here’s Why Warren Buffett is Buying This Oil Stock

By Wednesday, September 2, 2015 - News

Dropping-Oil-PricesWarren Buffett is banking on a positive oil price forecast to lend some relief from a bad year in auto insurance investments. A recent $4.5 billion dollar purchase by Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) of a large stake in oil major Phillips 66 (NYSE:PSX). 

Michael Lombardi's Column

Sep. 5, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter) $1014.15
Trailing 12-month Price/earnings multiple (Most Recent Quarter)

17.44

Dow Jones Industrial Average Dividend Yield 2.62%
10-year U.S. Treasury Yield 2.19%

Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.

Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.

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From: Michael Lombardi, MBA
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