When a company first files with a stock exchange for an initial public offering (IPO), it can be difficult to predict how the stock will perform. This can be the fault of the company itself not being ready for full-on public trading, or it can be the fault of the exchange itself. One only has […]
Read MoreCorrection or Crash?
The S&P 500 looks sick today. Could this be a sign of a market collapse? Or could it simply be a knee-jerk reaction to some political or global situation like Syria? You could juggle various explanations to explain why, but whether it’s Syria or the Fed pulling back on their counterfeiting or the traditionally volatile […]
Read MoreLong Term View: The French Economic Crisis
First, there was the collapse of the Greek economy. Then Cyprian retirement funds were seized by the government to help pay down its national debt. Unemployment in Spain and Italy hovers above the 50% mark. Portugal is also floundering. The one thing these countries all have in common, besides general economic turmoil, is that they […]
Read MoreOne Home Improvement Company That Is Set To March Upwards
One of the largest home improvement companies, Lowe’s (NYSE: LOW), has recently reported above-expected quarterly profit gains. If we look at the 6 month stock chart for Lowe’s, we can see a steady uptrend in stock prices. It’s also trading above its 50-DMA (DMA stands for Daily Moving Average and denotes a stock’s general trend) […]
Read MoreThe Fed has a Printing Press, You Don’t
Governments buy votes, and they get into debt to do so. And when they’ve borrowed too much, when lenders (bond buyers) pull in their horns, the Fed just prints what they need. The Fed has a printing press, you don’t. At Midas Legacy our goal is to get you to the sunny beach of retirement […]
Read MoreOFS Companies: The Hidden Opportunities in the Energy Sector
We all know about the large energy corporations like Halliburton, BP, and Exxon, and how they make billions of dollars drilling for oil and gas. But there’s a side to the energy sector that you may have overlooked, and one that has tremendous profit potential: the oil field service companies. These are the companies that […]
Read MoreIt’s Back To School Time and These Companies Are Cashing In
The S&P 500 is trading right around its 50-DMA but investor buying remains relatively high, meaning the index could be in store for a nice bump, which could yield some great returns for quick-return investors. Traditionally, when an index is trading along its 50-DMA, or any trendline really, the natural reaction is for it to […]
Read MoreHow To Defeat Your Worst Investment Enemy
Let’s say you’re a novice stock market trader, someone who so far has only watched from the sidelines, watching stock prices rise and fall, as entire sectors of the economy implode, and other sectors explode and make many people millionaires, and now finally…finally, you’ve decided to dip your feet in the water yourself and invest […]
Read MoreCoal Returns To Its Meteoric Rise
Like we predicted and advised in June, coal stocks have been booming lately. About six weeks ago, the Market Vectors Coal Fund (NYSE: KOL) hit bottom, down 35% for the year. But now the prices have rebounded. All indicators point to KOL entering into a decidedly bullish period. Not only that, but KOL has also […]
Read MoreUncommon Market Sense: 10 Basic Thoughts & Rules on Trading
1. Don’t apply logic to the stock market So often I see people make decisions in the market based on what makes sense to them. It makes sense to buy stocks when the company insiders are buying. It makes sense to buy stocks that are making positive announcements. It makes sense to listen to what […]
Read MoreWill US GDP Growth Continue?
There is every indication that despite the best efforts of the federal government to stymie growth, the economy is plugging along at a decent clip. GDP for this year should come in upwards of 2% over last year. That is not stellar, but for a GDP that is north of $16 trillion, it’s not the […]
Read MoreWhy Larry Summers Should Not Head the Fed
The Federal Reserve Bank (affectionately referred to as the Fed) is not a government institution. It is America’s centralized bank. The U.S. Congress ostensibly exercises a modicum of control over the Fed, laying out what is known as its “dual mandate”: maximum employment, stable economic prices, and moderate interest rates. This mandate is followed about […]
Read MoreThe Future Is Now: 3-Dimensional Printers
One of the most exciting technological innovations since the touchscreen smartphone is poised to take the market by storm: the 3D printer. For the uninitiated, a 3D printer is exactly what it sounds like: it’s a printer that connects to a computer or tablet and can print three-dimensional objects; actual 3D objects, like a scale […]
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