Comparing Top Dividend Tax Rates In G-10 Countries [View article]
Run that by again for people living in high tax states like California. That brings it up to over 50%. Should improve the market for now risky CA Munis.
With the market set to record its biggest opening gap down in months, ukarlewitz looks at the last four 9:30 AM flushes. The market was higher shortly thereafter in each instance. Quantifiable Edges looks at occasions where the market gapped down 1% ahead of a Fed meeting - all of these turned positive over the next 2 days. [View news story]
Or maybe they thought Romney didn't do well enough in the last debate? I think the market is correlated with Romney's chances.
Defensive Sector Stocks Offer Superior Returns To Long-Term Investors [View article]
The conclusion is generally true especially when you consider the reduced risk and volatility. I usually don't like reports based on arbitrarily chosen dates, that is a classic tool of a salesman. If you chose 2004 to 2008 you would get the opposite conclusion. If we are likely to extend the current rally, XLP will probably do worse than SPY during that period.
Corporate insiders get even more bearish, the Vickers sales-to-buys ratio rising to 5.61:1 from 3.8:1 at the start of September. The deterioration comes from Nasdaq issues, where the ratio jumped to 6.17:1 from 2.96:1. Perspective: The long-term average is 2-2.5:1. One year ago, with stocks gasping for air, insiders weren't sellers - the ratio dropped to 1.04:1. [View news story]
Other reasons to sell...
Reduce risk of increased capital gains tax next year.
Some states are increasing income tax, and some will have tax for the first time.
A big batch of awarded options will vest soon.
A great time for your CEO to buy that 20,000 sq ft house as housing is coming back and interest rates are at their lowest.
The U.S. Supreme Court denies a bid by Chevron (CVX) to block an $18.2B judgment against the company in a long-running pollution case in Ecuador. A lower court threw out an injunction blocking enforcement of the judgment; CVX then appealed to the Supreme Court, which rejects the appeal without explanation. [View news story]
Equador just said they won't pay a $1.77 billion judgment owed to OXY; they make their own rules and should taste reciprocity.
Remain Cautiously Optimistic After The Unemployment Report [View article]
The slope in the unemployment rate chart (1st chart) shows a much slower recovery rate than is typical. Couple that with the extraordinary steps government has taken and one really has to temper their expectations.
Valero Is A Refinery To Buy On Cheap Valuations, Decent Dividends And Growth Prospects [View article]
I own this stock and still must say the low forward PE on this highly cyclical stock is no where near sufficient to justify buying in now. This stock and its pair, TSO, face near extinction during the low part of the cycle, especially following periods where they borrow to take on what will become massive illiquid assets. You probably noticed that gasoline consumption has been declining and that natural gas is getting a lot of interest as a transportation fuel. So I own it but have my eye on the exit.
Driving Natural Gas Prices, Part 1: Exports [View article]
Clean coal may be more expensive than natural gas but only at recent depressed prices which will rise by perhaps a factor of 3 by virtue of the actions explained in the article and most of the comments. Making decisions on national energy policy requires long term thinking like a business man and not next poll thinking like a politician.
Occidental Petroleum Is A Big Value At $85 [View article]
RS055, I am concerned, and I also worry about the California assets being subject to Governor Moonbeam and his environmental activist supporters. OXY can't take a big hit like BP or CVX.
I have just learned the hard way that the highs you refer to were "local" highs but around 6% below global highs even before adjusting for inflation. If the housing sector's recent growth is nurtured the ripple effect could justify Bernanke. Just saying this to provoke an educational comment.
Chesapeake Energy: $3.3 Billion Permian Asset Sale Disappoints [View article]
They estimated $4 to $6B, average is thus $5B. They sold .67 of the 1.5 mm acres estimated at $5B. So... .67 x $5B = $3.35B. In what universe is the $3.3B sale price out of line with the original estimate?
Buy Geron: Multiple Catalysts Lie Ahead For This Unique Oncology Company [View article]
With Imetelstat shown to be worse than the control I renew my recommendation from August to consider the Powerball lottery as a viable alternative. I am encouraged that they shut down this project rather that double down on their hubris by perhaps making another run at breast cancer with an increase in dosage. They still have some cash and some chance. I'm thinking Powerball.
TSL is severely in debt, shows a -13% operating margin, and is competition with several other Chinese companies in similarly bad circumstances. Companies that are locked in such competition just to survive will take on risks to lower costs. The reliability risk combined with warranty risk is far greater than $ .20/watt on a $2.00+ per watt system. Energyprofitprophet, if you can argue that, you have a career in the Obama administration.
1565: What Will It Take To Make The Old S&P 500 Highs? [View article]
Greed will pull retail investors into stocks as fear lessens. But over what time period? The media is really selling fear which I have to fight off every day as I am commited to stocks. How much greater is that dread for the middle class investor? I think they will need an awful lot of convincing.
Comparing Top Dividend Tax Rates In G-10 Countries [View article]
That brings it up to over 50%. Should improve the market for now risky CA Munis.
With the market set to record its biggest opening gap down in months, ukarlewitz looks at the last four 9:30 AM flushes. The market was higher shortly thereafter in each instance. Quantifiable Edges looks at occasions where the market gapped down 1% ahead of a Fed meeting - all of these turned positive over the next 2 days. [View news story]
Chevron: Ready To Jump On These 3 New Plays [View article]
Defensive Sector Stocks Offer Superior Returns To Long-Term Investors [View article]
Corporate insiders get even more bearish, the Vickers sales-to-buys ratio rising to 5.61:1 from 3.8:1 at the start of September. The deterioration comes from Nasdaq issues, where the ratio jumped to 6.17:1 from 2.96:1. Perspective: The long-term average is 2-2.5:1. One year ago, with stocks gasping for air, insiders weren't sellers - the ratio dropped to 1.04:1. [View news story]
Reduce risk of increased capital gains tax next year.
Some states are increasing income tax, and some will have tax for the first time.
A big batch of awarded options will vest soon.
A great time for your CEO to buy that 20,000 sq ft house as housing is coming back and interest rates are at their lowest.
The U.S. Supreme Court denies a bid by Chevron (CVX) to block an $18.2B judgment against the company in a long-running pollution case in Ecuador. A lower court threw out an injunction blocking enforcement of the judgment; CVX then appealed to the Supreme Court, which rejects the appeal without explanation. [View news story]
Remain Cautiously Optimistic After The Unemployment Report [View article]
Valero Is A Refinery To Buy On Cheap Valuations, Decent Dividends And Growth Prospects [View article]
Driving Natural Gas Prices, Part 1: Exports [View article]
Occidental Petroleum Is A Big Value At $85 [View article]
There's No Longer A Bernanke Put [View article]
Chesapeake Energy: $3.3 Billion Permian Asset Sale Disappoints [View article]
universe is the $3.3B sale price out of line with the original estimate?
Buy Geron: Multiple Catalysts Lie Ahead For This Unique Oncology Company [View article]
Buy First Solar For A 300% Upside [View article]
Too harsh?
1565: What Will It Take To Make The Old S&P 500 Highs? [View article]