If it looks like a bubble, smells like a bubble and walks like a bubble, it is a bubble.
The rebound in Q1 Fixed Income, Currency and Commodity (FICC) revenues at big broker-dealers like JP Morgan, Morgan Stanley and Goldman Sachs has emboldened some investors to pile back into the sector.
With earnings season here, what’s lost in the “oohing and aahing” over the incoming results is a reasoned look at what’s influencing the dollar’s move and, more importantly, the effect it will have on our wallets, if not today, certainly down the road.
We’ve got a “below the surface” read on what the recent OPEC report really means. Because it’s our job to bring you the hottest developments in the world of energy.
Are we worried about smaller players in the energy sector “just plain going out of business”? No way!
Stocks were sailing toward new record highs last week until they suddenly came crashing down on Friday. The shift occurred after China took steps to rein in its parabolic market by easing restrictions on short selling and raising margin requirements.
The market’s instincts are correct on this one. There is no reason to pile into GS stock right now.