Daily Pfennig: Good Bond Auctions in Spain and France

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

By Chuck Butler, EverBank The risk assets’ rally that was going on yesterday morning continued throughout the day, and overnight and European sessions. This morning, the currencies have received a boost from a couple of fairly good bond auctions in France and Spain. In Spain, the demand outstripped the supply, but the yields rose to above […]

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Here’s one of the best bearish presentations you’ll see on China, by Michael Pettis at the annual CFA conference.  Pettis compares China’s “miracle growth” story to that of Germany in the 1930s, the Soviet Union in the 1960s, and Japan in the 1980s – not the best company! Here’s the summary of Pettis’ compelling case, […]

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For readers in the Sacramento area and Northern California – my friend and past guest author Jonathan Lederer of Lederer PWM is hosting hedge fund manager Rick Campagna of 300 North Capital here in town for a presentation on his fund’s risk on / risk off investing strategy (one that’s impressively yielded 44% returns since […]

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The “short long-term government bonds” trade must be in contention as one that’s extracted the most money from otherwise smart traders and investors over the past five years.  Interest rates just CAN’T go any lower from here – right?  We heard this in 2008, and we’re hearing it again today – with bond yields at […]

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Jim Rogers sat down with Newsmax for a short interview, in which he expressed his belief that the US economic situation is “very, very dire.” Kudos to Rogers for saying what few today seem to understand – that cutting spending and taxes would be good for the economy.  The State itself is not a generator […]

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Cotton futures have quietly dipped to their lowest levels in two years, prompting our “contrarian alert” to sound. King Cotton, since rocketing to levels not seen since Reconstruction, has since plummeted: Cotton spikes, and crashes. (via Barchart.com) Two months ago we mused that cotton and rice, both off significantly from their highs, may have piqued the interest of […]

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Thanks to new reader Padmanabha for sending along these questions about stock investing.  I’ll do my best to answer halfway intelligently! Q: What is the general trend when quarterly results are declared? Do people sell ahead of the declaration or post declaration? I am sure people want to make some profit and then buy back if they […]

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With gold successfully holding the $1520 mark after three tests, David Galland believes savvy investors should use this pullback as an opportunity to purchase gold and gold stocks.  I agree with him on gold, though I’m not yet convinced about the mining stocks themselves (more on this later today). Gold’s “Contrarian Moment” By David Galland, […]

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