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I’m working from the road today, so I’ve got the nice benefit of having CNBC on here – man, are they yucking it up today! With the Dow hitting a new 2009 high, I haven’t heard anyone expressing any skepticism – “all the stars are aligned for higher stocks” is something that was just pronounced! […]
The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Steve Hochberg and Pete Kendall produce stellar analysis for Elliott Wave International – two of my favorite guys in the biz – here, they take a look at trading volume, and what it says about investor confidence. […]
Nouriel Roubini thinks that commodities and equities have gotten ahead of their fundamentals – now pricing in a “V-shaped” recovery, which Roubini thinks is unlikely (I agree). Here’s an interview with Roubini conducted by our friend Lara Crigger at Hard Assets Investor. Well, in my view, commodity prices have increased since the beginning of the […]
A couple of Sundays ago, I spent the morning reviewing the best inflation and deflation arguments and articles that I’d read since the financial world began falling apart. The inflation perspective that I enjoyed the most was that of Terry Coxon, editor of The Casey Report. Below is one of Terry’s recent pieces, which takes […]
With the markets at a potential inflection point (an inflection point down, in my humble opinion), I thought it’d be fun and instructive to revisit a topic we’ve noodled on a bit lately. Does News Actually Drive the Financial Markets? It’s common knowledge that increasing earnings drive stock prices – with the only caveat being […]
A priceless shot from our faithful House of Representatives: Keep working hard guys! I would actually rather see them playing solitaire, checking ESPN.com, and adding Facebook friends, rather than “working”. Give that dog a bone – or a game of solitaire – anything to keep them from passing more dumbass laws and regulations! Hat tip […]
I think we’re at a key inflection point in the financial markets at this juncture. The direction that things head next could decide the winner, at least for the next few years, of the inflation vs. deflation battle. So I spent the morning revisiting and rereading many of my favorite arguments from both sides of […]
Growing earnings lead to increasing stock prices. Of course. Or do they? The folks over at Elliott Wave International say this is an old wives tale – and I have to admit, they make a compelling, interesting case. Read on, for an eye opening challenge of this basic assumption! *** Earnings: Is That REALLY What’s […]
Crude oil has broken through the $80 mark once again – trading as high as $82 – before settling back in after hours trading due to “concerns about the US economic recovery.” Not even joking about that one. Crude’s on the loose! (Source: Barchart.com) Meanwhile the Chinese equity markets – the poster child of the […]
Move along everyone, no depression to see here – so says Christina Romer, the White House’s chief economic adviser. Yes, the same adviser that recommended massive debasement of the US dollar to get us out of this mess. Christina Romer, chair of the Council of Economic Advisers, said Tuesday evening the main difference between last […]
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