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Book Review: Why Smart People Make Big Money Mistakes
Article By:
Bankers Anonymous
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Monday, February 17, 2014 6:06 AM EDT
Gary Belsky – a finance writer – and Thomas Gilovich – a psychology professor – teamed up to write Why Smart People Make Big Money Mistakes and How To Correct Them to teach us the most common psychological or irrational choices we all make about money, all the time. I say translational because this book is really a popularization, or translation, of behavioral economics, pioneered by Nobel Prize-winning Daniel Kahneman and the late Amos Tvorsky.
Weekly Stock Market Summary: Pivotal Week For The Short Term Trend Upcoming...
Article By:
Michael Gouvalaris
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Monday, February 17, 2014 5:59 AM EDT
This upcoming week should give us the answer to the short term direction of the market. Strength above makes it likely we head back into long term resistance and possibly higher. However if resistance can hold it could setup for the next leg down.
Is Bitcoin Greatly Rotating Into Bullion?
Article By:
Tyler Durden
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Monday, February 17, 2014 1:04 AM EDT
While correlation is not causation, the coincidental timing of the tumble in virtual currencies and the surge in physical (alternative) currencies suggests another great rotation may be occurring... with gold at fresh 3-month highs as Bitcoin presses 3-months lows...
Daily Market Commentary: Dow Reverses Breakdown
Article By:
Declan Fallon
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Monday, February 17, 2014 12:11 AM EDT
The Dow was the most bearish of the indices heading into the weekend, but despite the lighter volume it was still able to push above resistance, negating the breakdown.
In this article: SOX
1929 Crash Myth Busted
Video By:
Ernie Varitimos
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Sunday, February 16, 2014 9:47 PM EDT
Seen the chart which compares the current market trends to the nearly identical chart immediately preceding the 1929 crash? It may have gone viral but Ernie Varitimos demonstrates why he believes it to be completely false. (4:58).
Venezuela Is Reaching A Boiling Point; The Markets Respond
Article By:
Sober Look
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Sunday, February 16, 2014 9:24 PM EDT
Conditions in Venezuela are reaching boiling point. Venezuelans - particularly students - are taking it to the streets, as protests sparked by worsening living conditions have turned violent. The markets have responded as expected.
White House: “Weather Practically Everywhere Is Being Caused By Climate Change”
Article By:
Bruce Krasting
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Sunday, February 16, 2014 8:31 PM EDT
The WH has a climate agenda – this is payback for a lot of support (money). But when the chief scientist at the White House ignores the scientists who actually look at weather patterns, then one is forced to doubt everything the White House says on the topic.
Usurious Returns On Phantom Money: The Credit Card Gravy Train
Article By:
Ellen Brown
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Sunday, February 16, 2014 8:19 PM EDT
The credit card business has become Banking's most lucrative pursuit of the banking industry. Banking was once about taking deposits and making commercial and residential loans. But in recent years “credit card earnings have been almost always higher than returns on all commercial bank activities.”
Answering A Question On Peak Employment
Article By:
Lance Roberts
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Sunday, February 16, 2014 7:00 PM EDT
Last week I posted a piece asking "Have We Reached Peak Employment?" The article elicited numerous responses in which many all carried a common thread: If we are creating between 150,000 and 200,000 jobs a month, how could we be at peak employment?"
Money Launderer Until Proven Innocent" - Italy Imposes 20% Tax Withholding On All Inbound Money Transfers
Article By:
Tyler Durden
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Sunday, February 16, 2014 6:58 PM EDT
In the latest example of how "Europe is increasingly formalizing a regime of implicit capital controls." we learn that Italy has just ordered banks to withhold a 20% tax on all inbound wire transfers to applied retroactively to February 1st.
Gauging Investor Sentiment With Twitter: New Update
Article By:
Blair Jensen
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Sunday, February 16, 2014 3:00 PM EDT
The Downside Hedge Twitter sentiment indicator for the S&P 500 Index (SPX) painted a series of higher lows on a daily basis as the market ground higher over the past few weeks.
In this article: SPX
This Week In Energy: April D-Day For Alaska’s Massive Gas Plans
Article By:
OilPrice
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Sunday, February 16, 2014 12:45 PM EDT
Alaska stands at an energy crossroads, with the State Legislature considering the fate of a massive liquefied natural gas project that would be an economic boost for the state and greater supply for Asian markets hungry for LNG. Does the deal pander to oil companies?
S&P 500 Forms Ominous Technical Pattern
Article By:
Robert A. Weigand
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Sunday, February 16, 2014 12:34 PM EDT
I look forward to fund manager John Hussman’s blog posts each week. Hussman’s February 17 post contains some dramatic updates to his long-term market thesis that I will review below, and then comment on further.
In this article: SPY
Weighing The Week Ahead: Is The Correction Over?
Article By:
Jeff Miller
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Sunday, February 16, 2014 11:32 AM EDT
It was a good week for stocks, but one that left pundits scratching their heads. Is the correction over?