Sirius XM shares are contnuing their trek towards the $1.30′s. As they do, concerns over valuation will likely come into play as the price per share nears analyst estimates. Jim Goss of Barrington for example raised his target to $1.50 today, joining others such as Murray Arenson of BGB Securities, Tuna Amobi of Stnadard...
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I added ProShares Ultra Silver ETF (AGQ) to the Van Meerten New High portfolio, The ETF seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of silver bullion as measured by the U.S. Dollar fixing price for delivery in London. This is a pure price play on...
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The bubble in employment numbers caused by the U.S. Census Bureau temporary employment needs is nearly done. The following graph from Calculated Risk shows all the numbers. The significance of this “bubble” can be seen in another Calculated Risk graph: The effect of the Census temporary hires is more like a pimple than a bubble.
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David Rosenberg, chief economist at Toronto’s Gluskin Sheff, says at least two more years to a top with rates significantly lower than today. Here is Rosenberg’s graph: From today’s “Breakfast With Dave”: Take a look at Chart 1, in this post-bubble credit collapse everything is mean reverting from P/E ratios, to savings rates, to debt/income...
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The last two trading alerts I’ve issued on SIRI have been spot on as I continue to trade the anomoly in the Sirius XM chart that I use. “An anomaly is any occurrence or object that is strange, unusual, or unique. It can also mean a discrepancy or deviation from an established rule or...
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When a stock rises as quickly as Sirius XM has over the course of the past few weeks, you really have to look for potential reasons for it to have done so. Although many may point to the Howard Stern saga as a potential catalyst, most analysts dismiss the coming event as insignificant. Others point...
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