Investing and Trading News, with a Contrarian, Sarcastic Twist!
David Rosenberg says his shift to perma-bull status may come as soon as November if broader despair continues and a few outstanding messes get cleaned up: For the record, I do see a light at the end of the dark tunnel. Don’t be surprised if I end up turning bullish ahead of the pack — though […]
Currencies: Markets Shift Focus Back to Greece By Chuck Butler, EverBank Good day. A crazy day in the markets yesterday, but a very peaceful evening for me. With everyone gone, I treated myself to eating out and had a steak dinner. I reduced my intake of red meat after the cancer discovery five years ago, so […]
A BIG supply hit is on the way for platinum, as the world’s fourth-largest platinum miner announces it will suspend operations in South Africa: Aquarius Platinum said it would suspend operations at its Marikana operations in South Africa, citing low platinum prices, and said trading conditions in the industry were expected to remain difficult in […]
No surprise here, Jim Rogers is not a big fan of Europe’s largest bailout to date. Today he was a guest on CNBC’s Fast Money – here are the links and videos themselves: On the Spain bailout: “The solution to too much debt is not more debt!” Also, he notes he’s not buying Chinese shares at […]
Here’s the latest on Jim Chanos’ favorite short sell ideas, courtesy of Chris Mayer, reporting on Chanos’ presentation from Grant’s Investment Conference. Pay attention here, as Chanos has been on the money of late with a very prescient call on Dell’s swoon. (See also: Jim Chanos Says Short Dell, China) Three Investment Ideas to Avoid…or […]
The market reacted in manic fashion to Guidewire’s fiscal Q3 financial results. Initial jubilation sent GWRE up over 10% at market open, but that was quickly displaced with selling that saw the stock give up all its early gains, and then some. “Yes, yes…NO!” – Mr. Market reads through ALL the bullets in Guidewire’s press […]
by Carl Swenlin On April 27 I wrote an article titled, Gold At A Decision Point, wherein I observed conditionally that things looked favorable for the start of another leg up. Since then, the technical picture has improved slightly, but it still feels like a struggle. (This is a recent excerpt from the blog for Decision […]
Q: What bull market, other than US Treasuries, has been roaring nearly uninterrupted since 1983? A: The percentage of US households receiving some government benefit! This number has steadily risen from a “mere” 30% in 1983 to a current, hearty 49.1%. I was actually surprised to see the number that much lower as recently as […]
By Chuck Butler, EverBank Good day. The end of a very long week for me. It seems like a month of Sundays since just last Friday! But that’s OK; the weekend is here, and I have plans! I hope my plans don’t get squashed like the hopes that the markets had yesterday that Big Ben Bernanke […]
This may indeed be the best Hitler meme yet, and the ending is the best part, so be sure to watch the whole way through. Hat tip to Carson for sending along and Vox Popoli for the original post!
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