October 21, 2014

A Step Back From The Brink

By James Picerno of The Capital Speculator
It’s still touch and go with risk warnings according to stock market volatility, but the threat pulled back from extreme levels yesterday. The VIX (a measure of the implied volatility of S&P 500), for instance, dipped below 20 for the first time since October 9. A day or two of slightly lower vol after the recent surge in risk could easily turn out to be noise and so it’s not yet obvious that the roller coaster ride is over. But for the moment, the decline inspires a bit of optimism that the market may be headed for calmer waters.

U.S. Utility Companies May Face Winter Fuel Shortage

By Nick Cunningham, Oilprice.com

American utility companies are facing lower-than-average fuel supplies as they begin to stockpile for the winter.

Part of the reason is the country’s oil boom. Moving oil by rail has become so widespread that train backups are making it hard for utilities to receive shipments of coal, which in some cases is leaving power plants critically low on fuel supplies. 

Germany vs. China: Seeing Both Sides of Eurasia

By George Friedman of Stratfor Global Intelligence 

I returned last weekend from a month-long trip to both East Asia and Europe. I discovered three things: First, the Europeans were obsessed with Germany and concerned about Russia. Second, the Asians were obsessed with China and concerned about Japan. Third, visiting seven countries from the Pacific to the Atlantic in 29 days brings you to a unique state of consciousness, in which the only color is gray and knowing the number of your hotel room in your current city, as opposed to the one two cities ago, is an achievement.

The Real Reason of Market Downturn

Want to Know the REAL Reason Why the Stock Market Turned Down?
The rout in stocks is no "jinx"

By Elliott Wave International

In case you've been roving Mars for the past month, you've missed quite a fiasco from the world's leading stock market:

McDonalds Sales Disappoints on Dollar Menu Sticker Shock

By Tyler Durden at ZeroHedge 

Moments ago, McDonalds not only released earnings and revenues, both of which missed - something which was largely expected since the backward looking data had been telegraphed by MCD's recent global selling collapse - blanketed by atrocious commentary, but it disclosed its September global retail sales which were for lack of a better word, a disaster, after reporting global sales which dropped 3.8%, below the 3.2% expected, and the worst global month since at least 2003. The pain was everywhere, with Europe plunging 4.2% (est -0.9%), Asia down 7.5%, and the US down a whopping 4.1%, far below the 2.8% expected, and also the worst month in over a decade.