Investing and Trading News, with a Contrarian, Sarcastic Twist!
by Carl Swenlin The Rydex Cash Flow Ratio gives an improved view of sentiment extremes by using cumulative cash flow (CCFL) into Rydex mutual funds rather than using the totals of assets in those funds (which we use for the Rydex Asset Ratio). It is calculated by dividing Money Market plus Bear Funds CCFL by Bull […]
Thanks at least partly to contrary investing legend Gordon “Goldfinger” Brown, who sold 395 tons (60%) of the UK’s gold reserves between 1999 and 2002 for a whopping average price of $275 per pound (Wikipedia), central banks have been known as contrary indicators on gold. With the masters of the universe now beginning to load […]
On Thursday I attended a presentation by hedge fund manager Rick Campagna, Chairman, CEO and CIO of 300 North Capital. Campagna’s fund has impressively returned +39.9% in its 18 months since inception, and the return to risk ratio has equally notable thus far, with low volatility (6% annualized monthly volatility), limited drawdowns (worst month was […]
Barron’s Midyear Roundtable continued with a bearish duel “heating up”, as Marc Faber weighed in with an outlook that didn’t see a lot positive in the short term, nor long term. (Also see Felix Zulauf’s gloomy outlook here). Faber sees no sustainable resolution in Europe, and cites the West’s problem again as too much government […]
While gold may be a barbaric relic to the Oracle of Omaha, tungsten is apparently a shrewd buy. Resource Investor reports: IMC International Metalworking, part of Buffett’s Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) empire, recently invested $80 million in a tungsten mining project in South Korea. The deal gives Buffett a 25% stake in what used […]
In early March, my wife and I spent eight days vacationing in Sydney – it’s a fantastic place, but that’s also priced in. Everything is very, very expensive (as in London expensive…Sydney leaves New York in the dust price-wise!) While it’s always fun to travel internationally, these days it takes on a new level of […]
By Chuck Butler, EverBank Good day, and welcome to another wonderful Wednesday. As Chuck mentioned yesterday, the call to the bullpen has been made, so Chris and I will split shifts over the next couple of days. When I got home last night, I sat on my back porch to collect some thoughts and not only […]
Felix Zulauf – one-half of the nucleus of the Barron’s Roundtable – was tracked down for his mid-year take. He believes European markets are cheap – but not necessarily good buys… Adjusted for inflation, Italy trades at levels last seen in Mussolini’s era. Greece trades at 1.5 times the Shiller P/E ratio [the market’s current […]
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 […]
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