What Bank of America Sellers & Rope-a-Dope have in Common

I still strongly favor Bank of America (NYSE: BAC) shares, but for the last couple weeks, I bet holders are feeling like an opponent of the great Muhammad Ali. The Greatest, God rest his soul, was known for wearing opponents out by making them chase him around the ring and by blocking their early barrages. Then, finally, after tiring them out, he would back up against the ropes for one last bit of exhausting trickery, before unloading on the tired out dope. Holders of Bank of America are probably feeling that same sort of exhaustion these days, especially after the last couple body blows we have taken. So is Bank of America a dope on a rope? Or, are the sellers of BAC shares here the real dopes, tired out by the volatility and now knocked out of the stock just before the big opportunity is realized? See the full story at Bank of America & Rope-a-Dope.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Editor's Note: Article should interest investors in Bank of America (NYSE: BAC), Freddie Mac (OTC: FMCC.OB), Fannie Mae (OTC: FNMA.OB), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), Toronto Dominion (NYSE: TD), BB&T (NYSE: BBT), CIT (NYSE: CIT), Bank United (NYSE: BKU), First Citizens (OTC: FCNCA.PK), Synovus (NYSE: SNV), United Bankshares (Nasdaq: UBSI), Hampton Roads Bankshares (Nasdaq: HMPR), WesBanco (Nasdaq: WSBC), City Holding (Nasdaq: CHCO), Sandy Spring (Nasdaq: SASR), First Citizens (OTC: FCBN.OB), SCBT Financial (Nasdaq: SCBT), Wilmington Trust (NYSE: WL), WSFS Financial (Nasdaq: WSFS), Southside Bancshares (Nasdaq: SBSI), Stellar One (Nasdaq: STEL), Union First Market (Nasdaq: UBSH), Eagle Bancorp (Nasdaq: EGBN), First Bancorp (Nasdaq: FBNC), Ameris (Nasdaq: ABCB), The Bancorp (Nasdaq: TBBK), First Community (Nasdaq: FCBC), Capital City (Nasdaq: CCBG), Financial Institutions (Nasdaq: FISI), National Bankshares (Nasdaq: NKSH), Citizens & Northern (Nasdaq: CZNC), Charter Financial (Nasdaq: CHFN), Seacoast Banking (Nasdaq: SBCF), TIB Financial (Nasdaq: TIBB), American National (Nasdaq: AMNB), United Community (Nasdaq: UCBI), Middleburg Financial (Nasdaq: MBRG), Heritage Financial (Nasdaq: HBOS), Zions Bancorp (Nasdaq: ZION), East West Bancorp (Nasdaq: EWBC), City National (NYSE: CYN), Bank of Hawaii (NYSE: BOH), SVB Financial (Nasdaq: SIVB), Westamerica (Nasdaq: WABC), Cathay General (Nasdaq: CATY), Umpqua (Nasdaq: UMPQ), Glacier Bancorp (Nasdaq: GBCI), Pacific Capital (Nasdaq: PCBC), PacWest (Nasdaq: PACW), Western Alliance (NYSE: WAL), First National Alaska (OTC: FBAK.OB), First Interstate Bancsystem (Nasdaq: FIBK), Nara (Nasdaq: NARA), West Coast (Nasdaq: WCBO), TriCo (Nasdaq: TCBK), Territorial (Nasdaq: TBNK), Washington Banking (Nasdaq: WCBO), Bank of Marin (Nasdaq: BMRC), Hanmi (Nasdaq: HAFC), PNC Bank (NYSE: PNC), J.P. Morgan Chase (NYSE: JPM), United Bankshares (Nasdaq: UBSI), Bank of New York Mellon (NYSE: BK), MB Financial (Nasdaq: MBFI), Astoria Financial (NYSE: AF), New York Community (NYSE: NYB), Hudson City (Nasdaq: HCBK), People’s United (Nasdaq: PBCT), First Niagra (Nasdaq: FNFG), Capitol Federal (Nasdaq: CFFN), Washington Federal (Nasdaq: WFSL), Investor’s Bancorp (Nasdaq: ISBC), Northwest Bankshares (Nasdaq: NWBI), Sterling Financial (Nasdaq: STSA), Ocwen (NYSE: OCN), Flagstar (NYSE: FBC), Provident (NYSE: PFS), Colombia Banking (Nasdaq: COLB), Kearny (Nasdaq: KRNY), Brookline (Nasdaq: BRKL), Dime Community (Nasdaq: DCOM), Flushing Financial (Nasdaq: FFIC), Danvers (Nasdaq: DNBK).

Draghi – Democrat, Dictator or Demagogue?

European Central Bank (ECB) Chairman Mario Draghi is moving markets this morning. Senor Draghi’s speech at the Brussels Economic Forum 2016 this morning is entitled On the Importance of Policy Alignment to Fulfil Our Economic Potential and is highly recommended by this fellow philosopher. It’s ironic, because it is a plea for proper policy support from the governing bodies of the eurozone. However, it comes at the same time he is enacting extraordinary measures that extend the central bank’s powers to suspect length. The feeling here is that Mr. Draghi is trying to compensate for the failings of fiscal policy, but the risk is that he will go too far and lose monetary policy balance in the process. His hope for democratic congruence toward progress survives, but his confidence in the union’s ability to get there fast enough is short. See the whole story on Mario Draghi Demagogue here.

Global Sector Security	AM Trade or Indication
SPDR Euro Stoxx 50 (NYSEArca: FEZ)	-1.5%
iShares MSCI Germany (NYSEArca: EWG)	-1.9%
iShares MSCI France (NYSEArca: EWQ)	-1.4%
iShares MSCI Spain (NYSEArca: EWP)	-1.1%
iShares MSCI UK (NYSEArca: EWU)	-1.0%
iShares MSCI Japan (NYSEArca: EWJ)	-1.1%
iShares China Large Cap (NYSEArca: FXI)	-0.7%
Major US Investment Sectors
SPDR S&P 500 (NYSE: SPY)	-0.4%
SPDR Dow Jones (NYSE: DIA)	-0.4%
PowerShares QQQ (Nasdaq: QQQ)	-0.2%
iShares Russell 2000 (NYSE: IWM)	-0.7%
Vanguard Total Stock Market (NYSE: VTI)	-0.4

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article is relevant to Deutsche Bank (NYSE: DB), Total SA (NYSE: TOT), Banco Santander (NYSE: STD), ITA (Nasdaq: ITUB), UBS (NYSE: UBS), Westpac Banking (NYSE: WBK), Lloyds Banking Group (NYSE: LYG), Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), Allied Irish Bank (NYSE: AIB), Banco Latinamericano (NYSE: BLX), National Bank of Greece (NYSE: NBG), Royal Bank of Canada (NYSE: RY), BBVA Banco Frances (NYSE: BFR), The Bank of Ireland (NYSE: IRE), Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), ING Groep (NYSE: ING), Citigroup (NYSE: C).

Stocks Up 10.6% since Kaminis' February Call - What’s Next?

Fidelity.com SPY Chart Reflecting Appreciation Since Kaminis Recommendation

Well, it looks like the market has absolutely no concern about the miniscule job growth reported for May, and is absolutely only counting on how it plays for the Fed… for now. Readers of my work know that I have been forecasting a Q2 economic pickup and am not a believer in deterioration. They will also be aware of my buy stocks call made back on February 18 and reinforced on February 19th, notably at the height of fear. But the market, I expected, would worry about such a poor economic data point, so I suggested investors should protect their wealth on Friday. Capital did shift back into safer sectors Friday morning, but risky bets returned into the close and to start this week. It seems greed is good for now and stocks could push to that 52-week high we thought we would reach last week. The most aggressive of risk takers may take further upside here on the greed-driven run to and possibly through the 52-week high, but I cannot recommend in good conscience new long stakes in risky equities now. There are far too many perils ahead for us in June and the margin of safety that existed in February has gone away. There are risks to this view (listed below), and they should be paid attention to as we progress forward. See this whole report on stocks here.

Security Sector	06-07-16 AM
SPDR S&P 500 (NYSE: SPY)	+0.1%
SPDR Dow Jones (NYSE: DIA)	+0.3%
PowerShares QQQ (Nasdaq: QQQ)	+0.0%
iShares Russell 2000 (NYSE: IWM)	+0.1%
Vanguard Total Stock Market (NYSE: VTI)	+0.2%
Financial Select Sector SPDR (NYSE: XLF)	+0.1%
Technology Select Sector SPDR (Nasdaq: XLK)	+0.6%
Energy Select Sector SPDR (NYSE: XLE)	+0.6%
Health Care Select Sector SPDR (NYSE: XLV)	-0.5%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)	+0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)	-0.1%
Utilities Select Sector SPDR (NYSE: XLU)	+0.1%
Materials Select Sector SPDR (NYSE: XLB)	+0.2%
Industrial Select Sector SPDR (NYSE: XLI)	+0.5%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

Gold Fever

Gold fever is a certain mania that strikes gold prospectors and causes them to act irrationally and to build up great hope where it may not be appropriate. Gold fever does not take much to strike, and in this case, it got quite the kick start with the apparent economic change on Friday. Gold gained thanks to the poor nonfarm payroll data reported for May. The SPDR Gold Trust (NYSE: GLD) was up $3.19, to $118.86, or 2.8% for a nice day’s gain. It benefited from severe dollar weakness on the bad economic data and expected change to the Fed’s plans. Gold prices could even touch new highs on the fever if Janet Yellen doesn’t serve a dose of medicine on Monday in Philadelphia. Nevertheless, I still say avoid gold and here’s why. See the whole story on Gold Fever.

Precious Metal Securities	06-03-16
SPDR Gold Trust (NYSE: GLD)	+2.8%
iShares Gold Trust (NYSE: IAU)	+2.7%
iShares Silver Trust (NYSE: SLV)	+2.6%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+33%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-33%
Market Vectors Gold Miners (NYSE: GDX)	+11.2%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+12.3%
Goldcorp (NYSE: GG)	+7.7%
Newmont Mining (NYSE: NEM)	+9.4%
Randgold Resources (Nasdaq: GOLD)	+8.4%
Barrick Resources (NYSE: ABX)	+13%
Yamana Gold (NYSE: AUY)	+14%
Gold Fields Ltd. (NYSE: GFI)	+13%
Silver Wheaton (NYSE: SLW)	+8.9%
Coeur Mining (NYSE: CDE)	+12%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

STOCK MARKET WARNING – Protect Your Wealth

This #jobsnumber could be really bad. Going out on a limb and say sub-100K (84K even). #jobs $C $BAC $AAPL $SPY $VXX #nonfarmpayroll $FB $GE

— Markos Kaminis (@WallStreetGreek) June 3, 2016

This morning’s jobs report injects an element of uncertainty into the market perspective that is unhealthy for performance near-term. Several data points reported recently have been taken to project economic weakness. Though I dispute that, this reality and the many perils ahead in June signal it’s time to protect wealth. The Federal Reserve may not clearly take June off the table as data continues to come in for May offering a mixed message, and so volatility will increase and most stocks should see discounting. See the whole story at Stocks Warning - Protect Your Wealth.

Security Sector	11:25 AM EDT 06-03-16
SPDR S&P 500 (NYSE: SPY)	-0.7%
SPDR Dow Jones (NYSE: DIA)	-0.5%
PowerShares QQQ (Nasdaq: QQQ)	-0.7%
iShares Russell 2000 (NYSE: IWM)	-1.2%
Vanguard Total Stock Market (NYSE: VTI)	-0.7%
Financial Select Sector SPDR (NYSE: XLF)	-2.1%
Technology Select Sector SPDR (Nasdaq: XLK)	-0.5%
Energy Select Sector SPDR (NYSE: XLE)	-0.9%
Health Care Select Sector SPDR (NYSE: XLV)	-0.7%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)	-0.9%
Consumer Staples Select Sector SPDR (NYSE: XLP)	+0.4%
Utilities Select Sector SPDR (NYSE: XLU)	+1.6%
Materials Select Sector SPDR (NYSE: XLB)	+0.3%
Industrial Select Sector SPDR (NYSE: XLI)	-0.4%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	+3.1%
SPDR Gold Trust (NYSE: GLD)	+2.4%
United States Oil (NYSE: USO)	-0.8%
PowerShares DB US Dollar Bullish (NYSE: UUP)	-1.5%

DISCLOSURE: Kaminis is long VXX and UUP. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

Manipulated Markets by Faulty Media & Misunderstood May 2016 Auto Sales

Monthly auto sales were reported Wednesday that were confusing to the great majority of media and the market. Year-to-year comparisons were reported by individual auto makers for the month of May that were deeply short of the prior year result. Meanwhile, the annual pace of total auto and domestic auto sales was about unchanged due to an important seasonal adjustment. There was some confusion as a result, and major havoc in the financial markets, but that should be easy enough to clear up. The important economic note is that things were not as bad as were mostly reported by media or reflected by stocks; in fact, they were not bad at all. But auto stocks, the energy market, financials, and the total stock market were infected by this illness. The lesson for investors is to be cautious about buying into often faulty and intense reporter expression, especially when the data doesn’t make sense. Don’t panic and make quick decisions at the every whim of reporters who do not care about your money nearly as much as you do. See the whole story at Securities Manipulated by Faulty Media & Misunderstood May 2016 Auto Sales.

Automaker	May Sales Change Yr/Yr	06-01-16 Stock Change
Ford (NYSE: F)	-6.1%	-2.8%
General Motors (NYSE: GM)	-18%	-3.4%
Fiat Chrysler (NYSE: FCAU)	+0.9%	-1.8%
Toyota Motor Sales USA (NYSE: TM)	-9.6%	-0.1%
Honda Motor Corp. (NYSE: HMC)	-4.8%	-1.0%
VW Group of America (OTC: VLKAY)	-9.5%	-0.3%
Tesla (Nasdaq: TSLA)	+7.1%	-1.6%
Nissan North America (OTC: NSANY)	-1.0%	-0.3%
Mitsubishi Motors (OTC: MMTOF)	-5.7%	-1.0%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests: FedEx (NYSE: FDX), United Parcels Service (NYSE: UPS), C.H. Robinson Worldwide (Nasdaq: CHRW), Expeditors International (Nasdaq: EXPD), UTI Worldwide (Nasdaq: UTIW), Hub Group (Nasdaq: HUBG), Forward Air (Nasdaq: FWRD), Air Transport Services (Nasdaq: ATSG), Pacer International (Nasdaq: PACR), Air T Inc. (Nasdaq: AIRT), Sino-Global Shipping America (Nasdaq: SINO), WLG Inc. (Nasdaq: WLGI), Union Pacific (NYSE: UNP), Canadian National Railway (NYSE: CNI), CSX (NYSE: CSX), Norfolk Southern (NYSE: NSC), Canadian Pacific Railway (NYSE: CP), Kansas City Southern (NYSE: KSU), Westinghouse Air Brake (NYSE: WAB), Guangshen Railway (NYSE: GSH), Trinity Industries (NYSE: TRN), Genesee & Wyoming (NYSE: GWR), RailAmerica (NYSE: RA), Greenbrier (NYSE: GBX), American Railcar (Nasdaq: ARII), FreightCar America (Nasdaq: RAIL), Providence & Worcester (Nasdaq: PWX), J.B. Hunt Transport (Nasdaq: JBHT), Landstar System (Nasdaq: LSTR), Con-way (NYSE: CNW), Werner Enterprises (Nasdaq: WERN), Old Dominion Freight (Nasdaq: ODFL), Knight Transportation (NYSE: KNX), Heartland Express (Nasdaq: HTLD), Marten Transport (Nasdaq: MRTN), Celadon Group (NYSE: CGI), Echo Global Logistics (Nasdaq: ECHO), Universal Truckload (Nasdaq: UACL), Patriot Transportation (Nasdaq: PATR), Saia (Nasdaq: SAIA), Quality Distribution (Nasdaq: QLTY), USA Truck (Nasdaq: USAK), Covenant Transportation (Nasdaq: CVTI), P.A.M. Transportation (Nasdaq: PTSI), YRC Worldwide (Nasdaq: YRCW), Express-1 Expedited Services (AMEX: XPO), Frozen Food Express (Nasdaq: FFEX), Tidewater (NYSE: TDW), Kirby (NYSE: KEX), Teekay (NYSE: TK), Teekay LNG Partners (NYSE: TGP), Frontline (NYSE: FRO), Seacor (NYSE: CKH), Alexander & Baldwin (Nasdaq: ALEX), Ship Finance International (NYSE: SFL), DryShips (Nasdaq: DRYS), Teekay Offshore Partners (NYSE: TOO), Golar LNG (Nasdaq: GLNG), Nordic American Tanker (NYSE: NAT), Seaspan (NYSE: SSW), Diana Shipping (NYSE: DSX), Navios Maritime Partners (NYSE: NMM), Overseas Shipholding (NYSE: OSG), Costamare (Nasdaq: CMRE), Hornbeck Offshore (NYSE: HOS), Safe Bulkers (NYSE: SB), Knightsbridge Tankers (OTC: VLCCF), Navios Maritime (NYSE: NM), Danaos (NYSE: DAC), Teekay Tankers (NYSE: TNK), Genco Shipping (NYSE: GNK), Excel Maritime (NYSE: EXM), Global Ship Lease (NYSE: GSL), Tsakos Energy Navigation (NYSE: TNP), Capital Product Partners (Nasdaq: CPLP), Eagle Bulk Shipping (Nasdaq: EGLE), General Maritime (NYSE: GMR), DHT Holdings (NYSE: DHT), Baltic Trading (Nasdaq: BALT), Scorpio Tankers (Nasdaq: STNG), Paragon Shipping (Nasdaq: PRGN), Star Bulk Carriers (Nasdaq: SBLK), Ultrapetrol (Nasdaq: ULTR), StealthGas (Nasdaq: GASS), International Shipholding (NYSE: ISH), K-Sea Transportation (Nasdaq: KSP), Euroseas (Nasdaq: ESEA), Horizon Lines (NYSE: HRZ), TBS International (Nasdaq: TBSI), Rand Logistics (Nasdaq: RLOG), Diana Containerships (Nasdaq: DCIX), Globus Maritime (Nasdaq: GLBS), OceanFreight (Nasdaq: OCNF), Grupo TMM (NYSE: TMM), Trailer Bridge (Nasdaq: TRBR), Top Ships (Nasdaq: TOPS), B&H Ocean (AMEX: BHO), FreeSeas (Nasdaq: FREE), Omega Navigation (Nasdaq: ONAV), NewLead (Nasdaq: NEWL).

OPEC & Oil - Loose Lips Sink Ships

OPEC oil ministers are arriving in Vienna for OPEC's June 2nd meeting, and they are being sought out for comment by the media. On Tuesday, one minister freely responded to a question about the oil market that led investors to construe that OPEC is unlikely to take any action this week on production. OPEC is an important factor for oil, but most analysts already expect inaction this week. If oil slides on superficial drivers, it should be purchased on weakness given that a substantial catalyst in another supportive inventory data point is likely arriving on Thursday. I am looking for oil prices to recover in short time, and have taken a new long position in United States Oil (NYSEARCA:USO). See the whole story at Loose OPEC Lips Sink Oil Ships.

Energy Relative Shares	05-31-16
SPDR S&P 500 (NYSE: SPY)	-0.2%
United States Oil (NYSE: USO)	-0.9%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-1.4%
United States Natural Gas (NYSE: UNG)	+5.5%
Energy Select Sector SPDR (NYSE: XLE)	-0.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+0.7%
Market Vectors Oil Services (NYSE: OIH)	-0.1%
Exxon Mobil (NYSE: XOM)	-1.1%
Chevron (NYSE: CVX)	-1.0%
B.P. (NYSE: BP)	-3.0%
TOTAL S.A. (NYSE: TOT)	-1.0%
ConocoPhillips (NYSE: COP)	-1.2%
Phillips 66 (NYSE: PSX)	-0.3%
Occidental Petroleum (NYSE: OXY)	-0.9%
Schlumberger (NYSE: SLB)	-1.1%
Halliburton (NYSE: HAL)	-0.9%
Chesapeake Energy (NYSE: CHK)	+3.1%
Pioneer Natural Resources (NYSE: PXD)	-0.8%

DISCLOSURE: Kaminis is long USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).