Last week, AbbVie (symbol ABBV) announced it will change its corporate citizenship to the United Kingdom along with news of its acquisition of Shire (SHPG), a specialty biopharmaceutical company headquartered in Ireland. AbbVie is the research part split off in 2013 from Abbott Laboratories, the large cap Chicago based healthcare [...]
Today let’s look at a number of issues while the stock part of financial markets continues to perform its dance routine, one step forward and then one back. For the year thus far through Monday the 19th, the S&P 500 was only higher by 1.99 percent, the Dow 30 Industrial [...]
Some things never change. In our day of the thoroughly modern Federal Reserve Bank, Mr. Market hangs on every word, every nuance, every implied hint from the Chairperson. What I understand is this: Although the Fed will continue to buy fewer bonds from (lend money to) the US government each [...]
A month or so ago, I discussed the statistical probability of a change of the bullish stock market trend during the coming months. The view at that time was clearly uncertain. The indexes had plummeted during the last half of January until February 3, a minus 5.76 percent drop for [...]
Last week, I discussed the advisability of examining periodic corrections or pull-backs in the stock indexes. Particularly when January results are negative, one should be ready for the end of a bullish trend. From what occurred last week, the weather forecast for stocks looks better again, just like our physical [...]
Even though the stock market indexes have recovered some of their losses suffered this year, it is too early to be certain whether the shorter term bullish trend has changed to the downside, or this is just another pause that refreshes. When a bull market thunders ahead too far for [...]
History quiz for the new year: What happens after a really strong year in the stock market? Does the market then usually go up, down, or sideways? This is a more important question than many would count it. History repeats itself in many instances because people usually act according to [...]
Learned a lot by not having his father spoil him. Peter Buffett, Warren Buffett's son, says he learned a lot by not having his famed philanthropist father spoil him, "I learned more in difficult times about myself and my resiliency than I ever would have if I’d had a pile [...]
Why do we allow companies to have any profit at all? Independence, MO — If a company makes a profit, doesn’t that mean that it charged more than it should have for its products? This fiscal year ending Sept. 30, our federal government will pay out $2.2 trillion just for safety [...]
Independence, MO It has been almost 24 years since the stock market crash of October 1987, and less than three years since the 2008 autumn crash and the March 2009 bottom. In between there were several other notable drops in the stock market. Whether they take months to develop or [...]
