10-13-2015, 10:32 PM
Technical analysts caution that laggards — meaning stocks that had been underperfoming — fared best in the recent runup. “The obvious theme since the September low has been mean reversion,” says Jonathan Krinsky, chief market technician at MKM Partners, in a note Sunday. He says the best-performing industry groups since Sept. 28 have included energy, materials and automotive-related companies. “In other words, the laggards have led the rally,” he writes.
What technical analysts are watching after last week’s big market rally - MarketWatch
J. Michael Pearson has become a billionaire from his tough tactics as the head of the fast-growing Valeant Pharmaceuticals International. And consumers like Bruce Mannes, a 68-year-old retired carpenter from Grandville, Mich., are facing the consequences. Mr. Mannes has been taking the same drug, Cuprimine, for 55 years to treat Wilson disease, an inherited disorder that can cause severe liver and nerve damage. This summer, Valeant more than quadrupled its price overnight. Medicare will now have to cover about $35,000 for the 120 capsules he takes each month, and Mr. Mannes will have to pay about $1,800 a month out of pocket, compared with about $366 he paid in May.
Valeant is known for buying one company after another, and laying off their employees to achieve savings, while accumulating a debt of about $30 billion. It spends an amount equivalent to only 3 percent of its sales on research and development, which it views as risky and inefficient compared to buying existing drugs. Traditional big drug companies spend 15 to 20 percent of sales on research and development.
Relative to its 2012 forecasts, the International Monetary Fund has reduced its forecasts for U.S. GDP in 2020 by 6 percent, for Europe by 3 percent, for China by 14 percent, for emerging markets by 10 percent and for the world as a whole by 6 percent. These dismal figures assume there will be no recessions in the industrial world and an absence of systemic crises in the developing world. Neither can be taken for granted.
The global economy is in serious danger - The Washington Post
it’s important to spend time unwinding before going to bed. That might include taking a bath, listening to music or reading a book. As well trying more unusual ways to relax, such as walking barefoot in the garden (an exercise which some early studies claim not only reduces stress, but can boost overall health), Aydogmus has found meditation particularly helpful in calming the mind before bed time.