Investing and Trading News, with a Contrarian, Sarcastic Twist!
The tech world has been up in arms about Facebook’s alleged $50 billion valuation from Goldman Sachs. But after doing a bit more reading, it looks like that reported valuation is greatly exaggerated. In yesterday’s edition of Casey’s Daily Dispatch, Alex Daley brought a great sanity check to the $50 billion valuation. With permission from […]
It’s been WAY too long since we checked in with Hugh Hendry – THE most engaging and entertaining fund manager to listed to, in my humble opinion. Fortunately we’ve got some fresh Hendry takes, courtesy of Bloomberg. First up, a 6-minute video interview where he shares why he’s bearish on China, bullish on the buck […]
A low VIX does not guarantee a stock market crash or slowdown per se – but when the waters are this calm, there’s often a storm ahead. The VIX is now trading a such levels of calm not seen since April – just before the flash crash! “What, me worry?” Source: StockCharts.com I watched CNBC […]
Can the Fed expand credit at will? The best “no” explanation I’ve heard is from Robert Prechter – here it is, republished with permission from Prechter’s firm, Elliott Wave International. Excerpted from Robert Prechter’s February 2004 Elliott Wave Theorist Jaguar Inflation By Robert Prechter I am tired of hearing people insist that the Fed can […]
You know when socialist and libertarian politicians line up to battle a common enemy, something interesting is unfolding. Joining Ron Paul in his 30-year running assault on the Federal Reserve is Senator Bernie Sanders of Vermont – the only senator who openly identifies as a socialist (hey, let’s give Bernie credit, at least he’s honest […]
Our pal Brian Hunt points out today in his must-read Market Notes column that the euro has broken down through key support levels: (Source: DailyWealth) Brian writes: If a country runs its finances like a drug addict and racks up crazy debts, its currency depreciates over the long term. Most smart analysts put the status of […]
Sy Harding takes a look at the disappointing unemployment numbers – and shares why they are irrelevant when it comes to forecasting. —- The Dismal Jobs Report Is Not Important Being Street Smart Sy Harding January 8, 2011 Another month – another disappointment in the employment picture. But it doesn’t matter! The economic recovery continues. […]
Jim Rogers may like gold – but he LOVES silver. “I would rather own silver than gold,” Rogers tells India’s ET Now “Silver is still 40 percent below its all-time high. So silver has not been any sort of great bubble compared to perhaps some other assets we know.” (Source: Moneynews.com) And Jim, an agricultural […]
Nice job here by our friend and correspondent Terry Coxon, who breaks down the QE math that the Fed faces. Believe it or not, there’s no free lunch, not even for the Fed. TANSTAAFL! —- The Long Swim – How the Fed Could Become Insolvent By Terry Coxon, Editor, The Casey Report You’ve seen the […]
Stock analyst ratings are still excellent contrary indicators, according to a recent Bloomberg study: Companies in the Standard & Poor’s 500 Index that analysts loved the most rose 73 percent on average since the benchmark for U.S. equity started to recover in March 2009, while those with the fewest “buy” recommendations gained 165 percent, according […]
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