Loading ...Economics:
Stock markets in North America have been taking a beating recently especially the oil and gas sector. Oil has dropped about $10 in 2 days and oil stocks have sold off to much lower levels than when oil was last back at this level. It’s not just oil and gas stocks that are selling […]
Stock portfolio change:
I sold my long position in CV Technologies Inc. (T-CVQ, biopharmaceuticals) for $0.51 after having bought it for $0.68; this resulted in a loss of 25%. CV Technologies sells Cold F/X the cold medication recognized by Health Canada. The stock was purchased after it released quarterly earnings of $0.08 after having pulled […]
Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
Housing:
There were more negative housing statistics released this morning. The most reliable measure of housing prices is the S&P Case/Shiller Home Price Index. The index (for 20 cities) reported that y/y prices were down 12.7% for February. This represents the biggest fall since the index was created. For the month, the price decline accelerated to […]
