Investing and Trading News, with a Contrarian, Sarcastic Twist!
Not only are investors all lathered up these days – they appear to be quite levered up, too. Courtesy of the Jutia Group: It’s official… Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 […]
Just how meaningful was today’s late vomiting action from the market? Technician Carl Swenlin pulls up the charts for each sector and puts it in perspective… Sector Check by Carl Swenlin The S&P 500 component stocks are divided into nine sectors. All the stocks are used, and each stock is only used once. Those sector […]
The usually-zen Sy Harding is all fired up today – please read on for a “too big to fail” undressing! Too Big To Fail Banks Certainly Have Not By Sy Harding Fair warning – the following may make you sick. This week the Federal Reserve of St. Louis released a report estimating that Americans on […]
When gold and silver crashed, I dialed in my favorite leveraged proxies for close viewing – Royal Gold (RGLD) and Silver Wheaton (SLW). Both are great businesses – junior miners who don’t actually do any mining. Rather they are royalty companies, who own the gold and silver in the ground respectively, and cut deals with […]
Jim Rogers was last week’s guest on Porter Stansberry’s usually excellent podcast Stansberry Radio. I am throwing in the “usually” qualifier because this was, in my opinion, a poor interview by Porter (who is normally good)…I thought he spoke way too much and didn’t let Jim get enough in. Regardless, it’s worth a listen – […]
Stock market technician Carl Swenlin looks at the Rydex Ratio today – an indicator screaming out that it’s been a LONG time since sentiment was this bullish. Rydex Ratio Reflects Very Bullish Sentiment by Carl Swenlin As prices soar, the Rydex Ratio reflects increasingly bullish sentiment. The chart shows that the Ratio has not reached […]
It’s been awhile since we’ve heard from favorite Hugh Hendry…in fact he’s so far under the radar these days that his new commentary is six months old when it finally hits the streets! Here’s a 20-min clip of Hendry (via the Big Picture) discussing the Chinese economic mirage (in his view), Japanese deflation, gold and more […]
Sometimes the option buyers we lovingly refer to as degenerates really outdo themselves. As we’ve discussed many times, I have been selling covered calls on favorite stock Guidewire (GWRE) since its IPO last year. The trading strategy has resulted in nothing that couldn’t have otherwise been achieved with a simple buy-and-hold thus far, but with […]
The markets sure have appeared spooked since Bernanke’s midweek commentary – but is that all this is about, or is there more to this most recent pullback? Regular correspondent adds to the list of intermediate term market worries in his weekly piece… **** There’s More To Consider Than Just The Fed Being Street Smart By […]
As US stocks have continued their march higher, the grains and softs have been orderly rolling over nearly in lockstep together for many months now…and in some cases, a few years even. Since getting stopped out of cotton (for a modest gain), I’ve been watching the soft and grain commodity charts for signs of an […]
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