Investing and Trading News, with a Contrarian, Sarcastic Twist!
European Central Banks are trying to unload the PIIGS sovereign debt they picked up during the last bout of crisis: At the peak of the debt crisis in Europe, the European Central Bank committed a break with tradition that many at the time considered to be a cardinal sin. The bank began buying up massive […]
On Friday, while writing about the big “Bill Gross is out of US bonds” news, I mused that now might be a good time to take a flyer on Treasuries: Sentiment is so bearish on the Long Bond that I’d expect prices to get at least a short-term pop of sorts. It’s been a rapid rise […]
Bill Gross is OUT of US Treasuries: Bill Gross, founder and co-chief investment officer of Newport Beach, Calif.-based Pacific Investment Management Co. has emptied Pimco’s Total Return Fund, the world’s biggest bond fund, of its U.S. government-related holdings, including Treasury debt, the company disclosed on Wednesday. Source: MarketWatch The Bond King has expressed concern about […]
I saw a mini-contrarian signal for silver in today’s edition of Help a Reporter Out – an email publication devoted to connecting journalists with qualified sources. Not to pick on Bankrate.com in particular – but what the heck. When they are writing about an investment theme, we should probably cast a skeptical eye towards it… […]
Whenever everyone is on one side of a trade, you can be sure a sharp reversal is only a matter of time. Traders entered today with near record short bets against the US dollar: CFTC Commitment of Traders data shows that speculators remain heavily net-short the US Dollar against the Euro, British Pound, Canadian Dollar, […]
If you’d like to be featured on this blog, here’s a not-so-secret secret: we have a serious soft spot for the other 4 people left in the deflation camp. Cycles researcher Charles Nenner joined Yahoo Tech Ticker to – be still my heart – reinforce his Dow 5000 prediction, and reiterate that he believes deflation […]
Dallas Fed CEO Richard W. Fisher had some strong words against further monetary easing as a means of putting people back to work: But it is worrisomely clear that the task of putting millions of unemployed and underemployed Americans back to work will take an anguishing amount of time. I do not, however, feel that […]
Energy expert Matt Badiali writes in DailyWealth that plans out of China and India to create strategic oil reserves of their own could put a floor under the price of oil for years to come: China and India are faced with the same dilemma the U.S. faced in 1973. Neither country has enough petroleum to […]
The Economist’s quarterly home price index was just published, concluding that while home prices have come down globally from their 2007 peak, they are still overvalued on the whole. Indeed, only in Hong Kong, Singapore and Switzerland is the property market more overvalued than it was before the global economic downturn began in the third […]
Not too many places, as you can see at a glance: Today, as usual, most markets were highly correlated. (Source: Barchart.com) But a big tip of the cap to gold and silver, which each put in strong days – gold set a new all-time intraday high near open, while silver closed at a 31-year high. […]
Recent Comments