Investing and Trading News, with a Contrarian, Sarcastic Twist!
Big thanks to reader Shaun Noll, Founder and Managing Partner of Stirling Capital Management, for a heads up on an energy stock that he believes is absurdly cheap by any valuation measures. Shaun had emailed me privately about this company about a month ago – and since then it’s up over 50%! Of course, I didn’t […]
This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow. If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]
The big news on Wall Street today is BHP Bilton’s unsolicited takeover bid for Potash Corp – the world’s largest fertilizer producer. The bid has Wall Street aflutter that more acquisition bids may be lurking out there (party like it’s 2006!) Potash was a Wall Street favorite during the agricultural commodity boom of 2007-2008. The […]
PIMCO’s Bill Gross today urged the US government to go “all in” in the nationalization of the mortgage finance system: Bloomberg reports: “To suggest that there’s a large place for private financing in the future of housing finance is unrealistic,” Gross said today at a U.S. Treasury Department conference in Washington. “Government is part of […]
Investors are back to “reaching for yield”, as junk bonds were snapped up last week in record numbers. The WSJ reports: Corporate borrowers with less than investment-grade ratings sold $15.4 billion in junk bonds this week, a record total for a single week, according to data provider Dealogic. The month-to-date total, $21.1 billion, is especially […]
The summer doldrums continue, as today registered the 2nd lowest trading volume of the year (Source: Reuters). As we’ve discussed, the last rally was rather uninspiring, displaying low and declining volume as the rally aged: Source: StockCharts.com The downsloping volume trendline was “broken” a bit by last week’s decline. So while overall trading volume is […]
I was listening to Jim Puplava’s Financial Sense Newshour this morning while cooking breakfast – it’s one of my “old man” traditions, there’s nothing better than cooking up an omelet while getting a technical rundown of the financial markets! As usual, his technical analyst guest was fantastic. This week it’s Ronald Griess, founder of The […]
Yahoo Tech Ticker just interviewed Gary Schilling, one of our “high priests” of deflation. Schilling has been right there along with Bob Prechter in calling for deflation many years before it became fashionable. And like Prechter, he’s getting to be quite the popular dude now that his predictions are coming to fruition. In this first […]
Many of us in our Contrary Investing community are sympathetic to the deflation argument. And many of us are also gold bulls – either former, or present! So how will gold perform if deflation wins out in the near term (as we anticipate?) I have to admit I personally am not bullish on gold and […]
Like Robert Prechter, Richard Russell is also very bearish on stocks in the near term. But unlike Prechter, who thinks you should be in 100% cash and short term cash equivalents, Russell thinks this will get you in trouble. (For a recap of Prechter’s latest predictions, click here). Richard Russell’s latest outlook, Courtesy of KingWorldNews.com: The […]
Recent Comments