Investing and Trading News, with a Contrarian, Sarcastic Twist!
The market reacted in manic fashion to Guidewire’s fiscal Q3 financial results. Initial jubilation sent GWRE up over 10% at market open, but that was quickly displaced with selling that saw the stock give up all its early gains, and then some. “Yes, yes…NO!” – Mr. Market reads through ALL the bullets in Guidewire’s press […]
by Carl Swenlin On April 27 I wrote an article titled, Gold At A Decision Point, wherein I observed conditionally that things looked favorable for the start of another leg up. Since then, the technical picture has improved slightly, but it still feels like a struggle. (This is a recent excerpt from the blog for Decision […]
Q: What bull market, other than US Treasuries, has been roaring nearly uninterrupted since 1983? A: The percentage of US households receiving some government benefit! This number has steadily risen from a “mere” 30% in 1983 to a current, hearty 49.1%. I was actually surprised to see the number that much lower as recently as […]
By Chuck Butler, EverBank Good day. The end of a very long week for me. It seems like a month of Sundays since just last Friday! But that’s OK; the weekend is here, and I have plans! I hope my plans don’t get squashed like the hopes that the markets had yesterday that Big Ben Bernanke […]
This may indeed be the best Hitler meme yet, and the ending is the best part, so be sure to watch the whole way through. Hat tip to Carson for sending along and Vox Popoli for the original post!
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge “limit up” for the second day in the row. Was our case for cotton perfectly timed for once? (See: Cotton’s Blue Light Special) Cotton’s sharp reversal sent shorts running for cover. (via Barchart.com) While there have been additional acreage reductions announced in the […]
Legendary hedge fund manager Ray Dalio was recently interviewed by Barron’s – he shared his take on the US deleveraging process and Europe. In what might be a surprising reaction to those from the Austrian school of economics, Dalio said the US has done a “beautiful” job deleveraging. He defines beautiful deleveraging as one that […]
Here’s a three-fer from Greg Weldon, who’s on a roll these days sharing his negative outlook on Europe, Japan, and the rest of the developed world. First, here’s Weldon with Jim Puplava on the Financial Sense Newshour, where he says Europe has turned into a “forest fire” and Japan is the next major problem area. […]
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, would all our problems be fixed? No, contends monetary expert (and parter of the late great Harry Browne) Terry Coxon – but the reality of the current monetary situation would […]
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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