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We should always be careful when everyone is on one-side of a given trade…just ask anyone who went into last week long silver! Regular columnist Sy Harding returns this week, cautioning against the current prevalent belief that all stock dips are to be bought. Here, he shares his thoughts about the disappointing economic numbers, along with […]
When 2011 dawned, it was widely believed that the stock market would be OK, and likely continue to rise for the first half of the year, as economic reports were expected to continue to improve. And lo and behold, the financial crowd was right on the money! But now that the first quarter is behind […]
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. […]
Courtesy of our friend and frequent guest writer Sy Harding, here’s his 2011 economic and stock market outlook. Regular readers know that Sy usually errs on the side of caution, so like me, you may be a bit surprised to see him casting his lot with the bullish forecast camp – though he does not […]
“Do something!” is a common refrain clueless voters and politician like to rally around when it comes to “fixing” our Humpty Dumpty economy. To which I usually protest: “No – don’t do anything!” Because government can only harm the economy by getting involved – as we’ve seen once again over the last three years. It’s […]
Being Street Smart by Sy Harding An Encouraging Week For Investors! December 3, 2010. After a strong rally in September and October, the stock market topped out short-term four weeks ago, with the Dow then declining 4% in just seven days. In the process it broke below key short-term support levels that market technicians watch, […]
By Sy Harding Editor, Street Smart Report November 12, 2010 Most of the bricks in the previous wall of worry have been removed. Economic reports have continued to improve over recent weeks; in manufacturing, the service sector, retail sales, durable goods orders, and even in the employment picture, where 151,000 new jobs were created in October, […]
GDP Report Good for Main Street – Maybe Not for Wall Street. By Sy Harding, Editor, Street Smart Report October 29, 2010. The long-awaited report on economic growth in the third quarter was released Friday morning, and was a somewhat pleasant surprise. After declining from an annualized growth rate of 5.0% in the fourth quarter […]
Superstar economist Steve Keen may not blog often as some other folks in finance – but when he does put something together, it’s usually awesome analysis you won’t find anywhere else. Steve’s latest post Deleveraging with a Twist takes a look at the latest deleveraging statistics in the US. He writes that the US is […]
One of the theme’s we’ve been harping on is that it’s going to be a long time before things get “back to normal” in the economy. In fact, the BEST case scenarios I can deem plausible involve a lost decade or so of economic growth – with the worst, of course, being a big uglier. […]
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