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A few weeks ago I glowingly declared that the bear was back in charge, and that the new trend was down. Channeling Lee Corso – not so fast, my friend! It’s been a strong retracement of the Jan-Feb decline: Markets have rebounded – from oversold in Feb, to overbought in March! (Source: Yahoo finance) BUT […]
OK I’ll admit, it’s a stretch for me to sit here in my comfy office chair in Northern California and opine about the future of the Chinese economy…especially since I’ve been there exactly zero times. But the internet is a wonderful place, and it’s a fun sport anyway, so with that disclosure out of the […]
Who in their right mind Would want to be long right now? Get out or get short! Why the Markets Could All Crash – Soon Investing is a largely probabilistic endeavor. It’s nearly impossible to know exactly how the future will unfold, so instead we play the probabilities, in an effort to weigh the risk […]
Not too much new here Just a bear market rally On it’s last hurrah! One Last Hurrah for the Bull! Had family in town this weekend, hence the late post, but there’s really not much going on anyway. This current rally feels like a last gasp countertrend rally that’s just about out of steam. Where […]
Here’s a great guest piece by Robert Prechter, author of what is currently my favorite investment newsletter, the Elliott Wave Theorist. Bob talks about a subject that’s probably as near and dear to your heart as it is mine – market herding. And if you want to read more, at the end of this piece […]
Last Sunday, Valentine’s Day, I mused that we knew most readers would no doubt be celebrating the holiday on Monday…or in true contrarian fashion, not at all! (Ed. note: The “not at all” option was not a politically feasible option for me) Nonetheless, I strolled into the local Rite-Aid around 6pm on Monday, February 15th, […]
Nice slide show by our friends at The Daily Reckoning – informative, and entertaining! The Daily Reckoning’s Unofficial Unauthorized Financial Darwin Awards View more presentations from Agora Financial. And a little while back, we reviewed their latest book, Financial Reckoning Day Fallout.
Sovereign debt – all crap Who could have expected this? Socialism’s toast! Contrarian Valentine’s Day While I’m tempted to wish you a Happy Valentine’s day, dear reader, I have no doubt that you won’t be running with the herd tonight for dinner and a dozen roses. No sir, not here – when my wife insinuated […]
Channeling Dee Snyder – Mortgage lenders say they’re not gonna take it…anymore. Here in Northern California, we’ve been housing outcasts for awhile. We were weirdos for renting throughout the housing boom. Now, we’re weirdos for a different reason – we’re not walking away from our mortgage. It’s the latest trend, and it’s getting hotter. Why […]
Burton Malkiel, author of A Random Walk Down Wall Street – because of course we all know that stock prices are subject to completely random movements – is starting a hedge fund to “go long China.” This story really is too good to be true. Chinese stocks quietly topped last August. Burton is timing the […]
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