Investing and Trading News, with a Contrarian, Sarcastic Twist!
Our pal Brian Hunt points out today in his must-read Market Notes column that the euro has broken down through key support levels: (Source: DailyWealth) Brian writes: If a country runs its finances like a drug addict and racks up crazy debts, its currency depreciates over the long term. Most smart analysts put the status of […]
Sy Harding takes a look at the disappointing unemployment numbers – and shares why they are irrelevant when it comes to forecasting. —- The Dismal Jobs Report Is Not Important Being Street Smart Sy Harding January 8, 2011 Another month – another disappointment in the employment picture. But it doesn’t matter! The economic recovery continues. […]
Jim Rogers may like gold – but he LOVES silver. “I would rather own silver than gold,” Rogers tells India’s ET Now “Silver is still 40 percent below its all-time high. So silver has not been any sort of great bubble compared to perhaps some other assets we know.” (Source: Moneynews.com) And Jim, an agricultural […]
Nice job here by our friend and correspondent Terry Coxon, who breaks down the QE math that the Fed faces. Believe it or not, there’s no free lunch, not even for the Fed. TANSTAAFL! —- The Long Swim – How the Fed Could Become Insolvent By Terry Coxon, Editor, The Casey Report You’ve seen the […]
Stock analyst ratings are still excellent contrary indicators, according to a recent Bloomberg study: Companies in the Standard & Poor’s 500 Index that analysts loved the most rose 73 percent on average since the benchmark for U.S. equity started to recover in March 2009, while those with the fewest “buy” recommendations gained 165 percent, according […]
Super trader Dennis Gartman shares his top 3 trades for 2011 with CNBC: No big surprise that the Gart-Man still digs agriculture and things that “would hurt if dropped on your foot,” as he loves to say. Hat tips to The Daily Crux and Investment Postcards for the link!
Prechter on CNBC – “Not a bear among them” Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views with CNBC host Larry Kudlow. (Note: Prechter’s interview starts about four minutes into the interview). Regular readers will know that I’m partial to Prechter’s arguments, particularly his points about overwhelmingly bullish sentiment […]
Courtesy of David Rosenberg, Chief Economist at Gluskin Sheff: The VIX index, at 17.5x, is back to where it was last April. Remember what happened next. Investors Intelligence bullish sentiment is back to where it was at the all-time market highs of October 2007. The non-commercial accounts on the CME have recently opened up a considerable net speculative […]
All human progress – and stock market gains – boil down to increases in productivity. While sounding a bit dramatic, if you look through history, you’ll see incredibly consistent correlation between productivity breakthroughs (ie. the industrial revolution, the internet) and bursts of prosperity. Legendary hedge fund manager and technology guru Andy Kessler used this technique […]
Gold, silver, and the other precious metals are getting slaughtered today – with gold down a whopping $44 as I type this! There’s a lot of pain on this heat map: Nowhere to run to, baby…nowhere to hide. (Source: BarChart.com) I almost forgot that gold can also go down. Perhaps a clue that we were […]
Recent Comments