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The trend is your friend But it’s still a bear market So the trend is down! Closing in on the 200-Day Moving Average Last week, I mused that I thought the markets had turned down, but that we’d need to respect the moving average before being 100% sure. We’re not there yet…but we’re gaining ground […]
Fear – have you returned? The markets forgot ’bout you Have we hell to pay? NFL: Both Public Teams Cover I’m a day late publishing the weekly update this week, partially thanks to the NFL conference championship games. I normally write on Sundays, but instead devoted yesterday to three great American pastimes – gambling, drinking […]
Fellow renters, you’ll love this clip. James Altucher of Formula Capital rants about the scam that is home ownership in America. As a renter myself (a renter in California, no less!), I ate this clip up. I still remember feeling REALLY dumb in ’03-’05 when everyone was buying property that “never went down” – at […]
Stumped about the inflation/deflation debate? Good news – you’re not alone! Hard Asset Investor’s Brad Zigler is also somewhat undecided on the subject. Though he leans toward inflation, he acknowledges that very strong deflationary forces are also in play. Though you know that I’m one of the lonely souls in the deflationary camp (along with […]
Doug Casey was a little bit early on his impending disaster call – like a decade or two – but he seems to be on the beat of this unfolding economic disaster right now. To Doug’s credit, Crisis Investing for the Rest of the 90’s is a fantastic read, even though the title is not […]
Regular readers are aware that we’ve been watching the Chinese market as a potential leading indicator for US equity markets for some time. Our astute readers aside, of course, the average financial slob (or pundit, if you will) seems unaware that the Shanghai Composite topped way back in August. When I posted this chart and […]
Speaking of contrarian investment indicators, they don’t get much better than this. Fidelity.com posted a listing in a prominent public relations newsletter today: Summary: Buying stocks again?Name: Chris Taylor (Fidelity.com)Category: Business and FinanceEmail: query-100@helpareporter.comMedia Outlet: Fidelity.comDeadline: 07:00 PM EST – 20 JanuaryQuery: Looking for investors who are shifting some of their cash holdings back into […]
Regular readers know that I’m a big fan of Bob Prechter’s investment analysis. One of my favorite aspects of his work is the use of sentiment indicators as a market timing mechanism – that is, when everyone is bearish, you should be greedy, and when everyone is bullish, you should run for the hills. In […]
US households continue to shed debt at a record pace – this graph says it all… US households are finally “just saying no” to debt. To put this breakdown in perspective – the Fed’s data on this goes back to 1976, and household debt grew every single year until 2009. In fact, we’re looking at […]
Many – including me – think that 2010 will be a pivotal year in the inflation/deflation saga. And while I hopped over to the deflationist “dark side” almost a year ago, I try to stay very tuned into the inflation scenario, to continually check my thinking on the subject. It’s OK to be wrong…I just […]
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