By EidoSearch
“I love maple syrup. I love maple syrup on pancakes. I love it on pizza. And I take maple syrup and put a little bit in my hair when I’ve had a rough week. What do you think holds it up, slick? – Vince Vaughn, Wedding Crashers The two biggest Canadian Banks by market cap,
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By EidoSearch
“Switzerland is a place where they don’t like to fight, so they get people to fight for them while they ski and eat chocolate” – Larry David (Seinfeld Co-Creator) Before last Thursday, the Swiss Franc, like the Euro, had been in a steady decline. In fact, from May 7th of last year until the close
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By EidoSearch
“History is a mirror of the past and a lesson for the present” – Persian Proverb We have an interesting market call this week looking at a large cap Tech stock. Before we get to the stats, we wanted to bring some additional oomph to our commentary. At EidoSearch, we apply pattern matching technology to
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By EidoSearch
“It’s a beautiful day. Let’s play two!” – Ernie Banks, July 1969 For many on Wall Street, today marks a return to the office after a couple weeks off, or at least a slower and less stressful end to an interesting 2014. With last year now in the rear view mirror, we have a fresh
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By EidoSearch
Ellen Griswold: “Clark, you’re driving on the wrong side of the road!” Clark Griswold: “I realize that honey. I’m also on the wrong side of the car.” European Vacation, 1985 The Euro Dollar has been in a steady decline for the past 6 months. At the end of June, the currency pair was trading at
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By EidoSearch
“I’ll give you a winter prediction: It’s gonna be cold, it’s gonna be grey, and it’s gonna last you for the rest of your life.” – Phil Conners, Ground Hogs Day, 1993 While we’re not as negative on 2015 as Bill Murray, it is that time of year again when prognosticators make their big market
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By EidoSearch
“I’m gonna teach you to hate spending money. I’m gonna make you so sick of spending money that the mere sight of it will make you wanna throw up!” — Rupert Horn in: Brewster’s Millions (1985) We are nearing a point with the current plunge in Crude Oil prices, where we have only seen three
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By EidoSearch
“I lull them into a false sense of security by watching me pitch…..if overconfidence can cause the Roman Empire to fall, I ought to be able to get a ground ball.” – Dan Quisenberry, former pitcher for the Kansas City Royals All seems pretty calm in the U.S. stock market these days. After dipping close
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By EidoSearch
“One Look is Worth a Thousand Words” – Piqua Auto Supply House, 1913 Newspaper Ad Take a look at the chart below, which shows the 3 month forward returns of each of the 31 most similar historical instances of the current 6 month price trend in Crude Oil: We are not in unchartered territory with
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By EidoSearch
Speaking at a banking conference in Frankfurt, Mario Draghi said the European Central Bank would “do what we must to raise inflation and inflation expectations as fast as possible.” On January 1st, 2007, Barclays PLC (NYSE BCS) traded at an all-time high of $54.37. Exactly two years later, in the depths of the financial crisis,
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