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Silicon Valley author and visionary Andy Kessler gave a great interview with TechCrunch on the state of the economy and the future of innovation. It’s a great watch – the 5-part series is embedded below (hat tip: TechCrunch TV) If you’re not familiar with Kessler, you should definitely check him out. He’s a super smart […]
Some bulls are claiming the S&P is now cheap by historical standards (ironically after a record rally in stocks that made them more expensive!) Their shouts of bullish fundamentals are erroneous, according to acclaimed fund manager John Hussman. In his latest market commentary, Hussman writes: On a valuation basis, the S&P 500 remains about 40% […]
Earlier today, we pointed to a nice piece of analysis from fund manager John Hussman, who essentially told stock market bulls to “get a grip on reality”, because the S&P is 40% overvalued according to his calculations. To me, this is the crux of the entire bull/bear argument. Beyond technicals, or earnings, or anything – […]
Marc Faber was Jim Puplava’s guest on the Financial Sense Newshour this weekend. You can listen to Faber’s interview here. Some quick notes: Faber on Leverage He advises against the use of leverage for most investors, because a small move against you can wipe you out entirely While he believes the gold bull market probably […]
Today, US stocks were not successful in issuing a counterpunch to yesterday’s bloodbath, when there were 11 stocks down for every 1 up. Stocks staged a meager rally after opening – only to swoon late and close at new lows for 2010. As you can see from the chart below, the S&P 500 peaked in […]
Robert Prechter was Jim Puplava’s guest this week on the Financial Sense Newshour. You can listen to the entire interview here – it’s almost an hour long, and it’s fantastic. Ed. Note: You can also read a full transcript of the interview here, courtesy of our friends at Elliott Wave International. Prechter last chatted with […]
Regular readers know that our Contrary Investing stance is that we believe we are still in a secular bear market – one that most likely began in the year 2000. Bear markets typically last roughly 14-18 years or so. Which means it’s unlikely we saw a bottom in March 2009. Furthermore, price-to-earnings and other valuation […]
Jim Rogers was a guest on this week’s edition of the Financial Sense Newshour with Jim Puplava. It’s a great interview – which you can listen to here. (Note: If you’re reading this post later on, you may need to search for the June 12, 2010 episode through the archives). Sometimes Jim’s CNBC interviews can […]
Robert Prechter: Gold isn’t the safe haven many think The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the excerpt from Robert Prechter’s May 20 interview with […]
Richard Russell’s not in the mainstream news that often – so when he is, my interest is certainly piqued. To my knowledge, Russell has been short term bullish throughout much of this reflation/retracement rally. It looks like he’s close to donning his bear cap, though. Bloomberg reports: “If the May 7 lows are violated by […]
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