Investing and Trading News, with a Contrarian, Sarcastic Twist!
I admit it, I’ve been wrong about gold. I thought it was topping past $1,000 – then at $1,100 – and so on. Now that gold has cleared the $1,400 mark, I’ve finally come to the conclusion that gold is probably heading quite a bit higher before the gold bull market ends. (I know, I […]
I gotta admit – the markets almost had me! It looked like the Dollar was never going to turn around. And then QE2 was announced, which obviously could ONLY be bearish for the dollar, and ONLY bullish for stock prices. Not to mention the metals, which were sure to do moonshots in short order. A […]
By Sy Harding Editor, Street Smart Report November 12, 2010 Most of the bricks in the previous wall of worry have been removed. Economic reports have continued to improve over recent weeks; in manufacturing, the service sector, retail sales, durable goods orders, and even in the employment picture, where 151,000 new jobs were created in October, […]
Great article by Barry Ritholtz on his blog, The Big Picture: I once again find myself lamenting the opportunities wasted by a US President in response to a great cataclysm. In the case of President Obama, it was his response to the financial crisis. The opportunity for greatness presented itself, and was . . . […]
I have to admit, I thought the precious metals would get slammed today if the Fed announced anything less than $1 trillion in QE2. And slammed they were, when the pitiful number of $600 billion was announced. However, both gold and silver rallied by the closing bell to pare down their losses, and both are […]
Nice job (as usual) by the folks at Reason Magazine, providing a little sanity and perspectives on these elections: And you can read the full article over at Reason.com: http://reason.com/blog/2010/11/03/reasontv-3-reasons-this-electi (hat tip Carson on the link) I concur with their conclusion, as I haven’t yet seen evidence that the current political structure in the United States […]
This may be an interesting time to go long a future “credit event” involving debt issued by the State of California. Trading volume in Intrade’s Prediction Market is still light – but those 2011 contracts sure look potentially interesting: Source: Intrade.com California (as usual) bucked the national trend last night as a lone bright spot […]
For all of our fellow Election Day curmudgeons – here’s George Carlin shedding a little sanity on the situation: Hat tip Carson on the nice find.
Here’s a very interesting interview by Omniture Co-Founder Josh James in a sit down discussion with Steve Forbes – you can watch the interview here. If your business is heavily involved in the internet (and what biz with a future isn’t these days), this is a great piece to watch. James is a very smart […]
Marc Faber was a guest on Bloomberg last week – October 26 to be precise. He gave his outlook for stocks, QE2, and how the upcoming elections will weigh on the markets: Some quick takeaways: The market has gone from a pessimistic low of almost 1000 to nearly 1200 – and he believes a lot […]
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