In late October, I warned investors to avoid IBM stock.
While this week’s announcement of a massive new QE program by the European Central Bank (ECB) was the worst kept secret in the world, it may not produce the results that everyone expects.
Looking at the “Big Four” in the U.S. banking sector, it’s easy to conclude that the sector is undervalued…
But that conclusion may be a bit misleading.
On Halloween, the Bank of Japan unleashed a massive quantitative easing program that included the purchase of bonds, stocks and ETFs in a desperate attempt to revive the terminally ill Japanese economy. This coincided with the end of the Federal Reserve’s third round of QE in October. At that point, the world entered the terminal […]
The Swiss National Bank’s three-year old franc-euro peg is no longer.
Yesterday (Thursday), the Swiss National Bank decoupled its fixed 1.2 CHF/€ exchange rate. This was on expectations that the European Central Bank will announce a quantitative easing policy in next week’s meeting.