Search completed
While oil has been on a tear during the reflation rally, it’s cousin natural gas has not received the same love from traders. “The Natty”, which currently is languishing around $4, couldn’t be hated more, writes Steve Sjuggerud for DailyWealth: Specifically, right now, there are more bets against natural gas by large speculators than there […]
We’ve been watching Chinese stocks very closely for almost a year now, because the last time the markets all tanked, China led the way. Since retracing a standard fare Fibonacci amount of their previous losses, Chinese stocks actually put in a top last August, and since have been making an ominous set of “lower highs” […]
“Be fearful when others are greedy” – Warren Buffett Earlier this month, the VIX, a commonly used measure of stock market volatility, hit an 18-month low. We wrote at the time: As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a big way. So a breakout on […]
Checking in on Some Key Charts Major indices hit new recovery highs today, with the DOW hitting it’s highest mark in the last 18 months. Trading volume remains tepid, however – as you can see from this chart of the S&P 500, this recent rally appears to lack some conviction: Rallies have been occurring on […]
The “reflation” trade Just a standard retracement? The bear may be back! They Are Still “All the Same Markets” Like many of our astute readers, I was not impressed by the reflation trade. While the strength of the rally was indeed quite substantial, when you sum it up, it was a mirror image of the […]
Milton Friedman said that inflation is “always and everywhere a monetary phenomenon.” Judging by the recent price action in many of the soft and agricultural commodities, they appear to agree. Ben Bernanke, a student of the Great Depression, is making a bet the Friedman was wrong. Bernanke believes that because Friedman did much of his […]
Recent Comments