Investing and Trading News, with a Contrarian, Sarcastic Twist!
Most bullish commodity cases offer the seemingly irrefutable argument of “China” as a driver of higher prices in the weeks, months and years ahead. The logic is sound—demand for [Insert Commodity X here] is growing like gangbusters, and this trend will not only continue, but is likely to accelerate as China becomes a net importer […]
Richard Russell dismisses the chatter about a bubble in gold in his latest Dow Theory Letter. Here’s an excerpt, courtesy of our friends at The Daily Crux: Question: Russell, what do you make of all the talk about gold being in a bubble? Answer: I’ve seen a number of bubbles in my life, and they […]
You’ve got to see it to believe it – Bernanke cites rising stock prices as evidence that QE2 was a success! Thus confirming what us armchair observers had suspected – the Fed is dedicated to keeping the stock market propped up – dollar and inflation be damned. John Mauldin had a great take on this […]
Facebook’s alleged $50 billion valuation granted by Godfather Goldman really has had the investment community aflutter. “A social networking bubble!” proclaimed value investors around the globe. But is this a fair claim? On the heels of news that Apple has passed energy giant ExxonMobil to become the world’s second most valuable company, why don’t we […]
Heading into Portugal’s big bond auction last Wednesday, I wrote that things were looking ominous for the PIIGS, as the Euro had broken down, and yields were breaking out. (And I was honored to have Minyanville feature the piece, too!) Portugal’s bond auction went off smoothly, which set off the CNBC cheerleaders. But did anything […]
Regular contributor Sy Harding takes a look at the measures the Fed and Federal Government have taken to avoid the second coming of the Great Depression – they’ve thrown everything at it, including the kitchen sink. And to give credit where credit is due, Bernanke & Co have (thus far, at least) been successful in […]
Marc Faber delivered an OUTSTANDING libertarian friendly rant for Barron’s 2011 Roundtable. The moderator, and his fellow panelists, were utterly terrified to ask his opinion on, well, just about anything. Until Faber weighed in with his usual excellent insights, I found the rest of the panel to be nauseatingly boring and far too friendly to […]
The tech world has been up in arms about Facebook’s alleged $50 billion valuation from Goldman Sachs. But after doing a bit more reading, it looks like that reported valuation is greatly exaggerated. In yesterday’s edition of Casey’s Daily Dispatch, Alex Daley brought a great sanity check to the $50 billion valuation. With permission from […]
It’s been WAY too long since we checked in with Hugh Hendry – THE most engaging and entertaining fund manager to listed to, in my humble opinion. Fortunately we’ve got some fresh Hendry takes, courtesy of Bloomberg. First up, a 6-minute video interview where he shares why he’s bearish on China, bullish on the buck […]
A low VIX does not guarantee a stock market crash or slowdown per se – but when the waters are this calm, there’s often a storm ahead. The VIX is now trading a such levels of calm not seen since April – just before the flash crash! “What, me worry?” Source: StockCharts.com I watched CNBC […]
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