Investing and Trading News, with a Contrarian, Sarcastic Twist!
One of our FAVORITE contrary indicators is the launch of a new Exchange Traded Fund (ETF). By the time there is sufficient demand for one of these investment vehicles, and it’s actually put together and rolled out, the trend has more often than not already reversed on the investment theme it’s trying to represent. For […]
Well, maybe not quite, but it certainly feels that way. Today, Ben Bernanke pledged to keep the benchmark interest rate at a record low for an “extended period.” (Source: Bloomberg) His commentary was, as usual, about as insightful as the look my 6-year old weimaraner gives me when I proofread my blog out loud to […]
Since the credit crunch began (all the way back in 2007?!), it’s been a she-said, he-said war of words between entrepreneurs and banks. Entrepreneurs say they can’t get funding. Banks say that they are lending, but there’s nobody credit worthy enough to lend to. Today, the Wall Street Journal’s Small Business Section reports that this […]
ZeroHedge speculates that we’ve entered a parabolic purchasing period for previous metal ETFs: We have entered into a parabolic purchasing period for not just GLD, but for all other precious metal ETFs, which struggle to keep their NAV at 1. In fact, if those who claim that ETF are among the primary sources of gold […]
Today we got the stock market pullback that we anticipated yesterday (read that post here). As I write this a few minutes before the closing bell, the S&P 500 is down about 13 points, now trading right around the 1100 mark. According to the Associated Press, volume is lighter than Monday’s session – with volume […]
Stocks gapped higher at the opening bell this morning on news that China would (slowly) allow the Yuan to float. The “Renminbi Rally” was to be short lived, however. The S&P briefly stuck its nose above the 1130 mark, and quickly reversed skate to finish the day in the red. Volume was anemic, once again.Is […]
Wondering why state governments, after decades of increased spending, are just now “all broke at once?” This chart, courtesy of The Globe and Mail, says it all: The bottom line is that until tax revenue growth climbs again, the states are going to be hard pressed to stay solvent. They can’t cut expenses fast enough […]
I’ve been searching around for some charts of credit default swap spreads for US state governments (if anyone has a favorite source, please let me know). In the process, I came across this Economist piece, which profiled the finances of the American “problem states.” The case is made that the credit default swap spreads of […]
Robert Prechter was Jim Puplava’s guest this week on the Financial Sense Newshour. You can listen to the entire interview here – it’s almost an hour long, and it’s fantastic. Ed. Note: You can also read a full transcript of the interview here, courtesy of our friends at Elliott Wave International. Prechter last chatted with […]
Zacks Investment Research reports: The Consumer Price Index (CPI) fell 0.2% in May, which was a greater decline than the 0.1% decline expected and the 0.1% decline in April. Year over year, headline inflation is up 2.0%, but almost all of that came in 2009, not in 2010. Over the last three months, the CPI […]
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