Investing and Trading News, with a Contrarian, Sarcastic Twist!
Not much of note today, as we saw a very lazy summer trading day. Are some fireworks just around the corner? Some thoughts for the rest of the trading week: NYSE decliners led advancers today by about 2 to 1 (Source: Seeking Alpha) – a sign of things to come? Earnings season is kicking off […]
I put debate in quotes because I think Krugman is a joke, and I can’t believe anyone actually reads his stuff for anything other than pure entertainment. On Yahoo’s Tech Ticker, Niall Ferguson fires back with his side of the story – which is based on actual economic history, rather than Keynsian “pie in the […]
Save the Virgins! By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it regularly transported revelers on junkets between New York and Havana. Then, on the night of […]
Live from Encore Beach in sunny Las Vegas! Casino and Vegas Strip Mogul Steve Wynn delivers a stellar 5-minute rant about the Fall of America, thanks to the joker politicians in Washington. This is a beauty. Enjoy! Wynn was reported to be moving his headquarters over to Macao, due to the unfriendly business environment in […]
My good friend Carson, who currently resides and works in Silicon Valley, sent along an editorial from Sunday’s San Francisco Chronicle advocating political independence for the Bay Area! It is clear that Sacramento can’t solve California’s problems. It is also clear that California’s voters are unwilling to force real change, preferring merely to add to the […]
Marc Faber was Jim Puplava’s guest on the Financial Sense Newshour this weekend. You can listen to Faber’s interview here. Some quick notes: Faber on Leverage He advises against the use of leverage for most investors, because a small move against you can wipe you out entirely While he believes the gold bull market probably […]
This headline is starting to become a recurring theme. US consumer credit is in freefall – because, as we all know, the American consumer is FLAT BROKE! BusinessWeek reports: Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the […]
Remember a few weeks ago, when the Baltic Dry Index was on the ropes? Well, it’s off the ropes – and in complete freefall. Support has NOT held for the BDI, a favorite leading indicator of many investors. And one, might I add, that has performed quite well since the equity markets topped in 2007 […]
Last week, we picked up a story courtesy of Bespoke Investments that showed just 4% of S&P 500 stocks were above their 50-day moving average – a level not even seen during the March 2009 lows! So we thought a stock market bounce might be on tap – and sure enough, this week we got […]
For a fresh, different perspective on the markets (from my usual “Doom and Gloom”) – here is some guest commentary from Phil at Phil’s Stock World. Phil does a very good job at looking at the markets from a fundamental analysis standpoint (and while he rags on the TA crowd in the 1st paragraph, he […]
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