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It’s always helpful, and a good practice, to review investing and trading rules that guided the very best. And Wall Street legend Bob Farrell of Merrill Lynch fame is certainly one of the very best of all-time. How about a guy who was pioneering in his use of technical analysis AND investor sentiment figures – […]
One of our FAVORITE contrary indicators is the launch of a new Exchange Traded Fund (ETF). By the time there is sufficient demand for one of these investment vehicles, and it’s actually put together and rolled out, the trend has more often than not already reversed on the investment theme it’s trying to represent. For […]
Since the credit crunch began (all the way back in 2007?!), it’s been a she-said, he-said war of words between entrepreneurs and banks. Entrepreneurs say they can’t get funding. Banks say that they are lending, but there’s nobody credit worthy enough to lend to. Today, the Wall Street Journal’s Small Business Section reports that this […]
The man who proclaimed the subprime problem was “contained” in March 2007 (after which Jim Grant hilariously quipped “yeah, to planet earth”) – is back in the news again with another “guru moment”. The Wall Street Journal reports: The U.S. economy should continue to recover at a moderate pace this year, but it will take […]
If you’re stocking up on precious metal bullion in preparation for Financial Armageddon, at least you’re not alone! Casey Research’s Jeff Clark reports that silver sales are exploring, and he also explores why that may be… *** Why Are Silver Sales Soaring? Jeff Clark, Senior Editor, Casey’s Gold & Resource Report The U.S. Mint just […]
Here’s the latest Jim Rogers interview on Bloomberg: http://www.youtube.com/watch?v=c-vd1-Ec2FY A short bit with another clueless interview, so there’s not too much new: Still likes commodities for another 5-10 years (based on the secular bull market beginning in 1999) Thinks gold will top $2,000 by the end of the decade, thanks to money printing Jim notoriously […]
Late last week, our good friend and fellow deflationist Carson sent over a link from Mish Shedlock’s blog, reporting a sharp annualized decrease in consumer and revolving credit. I just plotted the Fed’s historical data since 1978 (which I chose because there was a single quarter anomaly in 1977 that I didn’t feel like dealing […]
No Fear, Again: Market Participants Are Opting For Extra Yield, Risk Be Damned Last week, a buddy from college sends me an email: “Hey, I got a little bit of cash sitting around, earning next to nothing in a savings account. Anything you’d recommend to get this cash working for me?” “Not really – everything […]
About a month ago, Marc Faber told Bloomberg that we could easily see a correction of 20% if the S&P topped 1150 and approached 1200. Well, it seems like we’re just about there, so we’ll see how Faber’s near term musings fare in the weeks ahead. You can check out a video of Faber’s Bloomberg […]
Of course we’re talking about… …all at once now… Muni bonds! Yay! Of course, municipalities far and wide have no way to pay back their increasing deficits amidst falling tax revenues. Of course you knew this already, being an astute reader and no doubt a contrarian thinker. But the mainstream press is even starting to […]
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