Investing and Trading News, with a Contrarian, Sarcastic Twist!
After Friday’s close, we muttered about our current S&P 500 short position – and while the entry was certainly mistimed from a short term perspective, we do expect this position to be a winner eventually. At least that was our thinking going into a nice summer weekend of beer drinking and pool carousing. And now […]
Looking for a short play that could do well no matter what the broader markets do? You might not need to look any further than PBW – an ETF play on clean energy. Our pal Brian Hunt writes in his always excellent Market Notes column for Daily Wealth: Most clean energy companies are based on […]
Jim Rogers was a guest on this week’s edition of the Financial Sense Newshour with Jim Puplava. It’s a great interview – which you can listen to here. (Note: If you’re reading this post later on, you may need to search for the June 12, 2010 episode through the archives). Sometimes Jim’s CNBC interviews can […]
On cue, right after we proclaimed the S&P 500 was unable to stage a sustained rally – the S&P 500 did the unexpected, and staged a somewhat sustained rally. So here we sit at 1091 – some 41 points above our initial short entry (doh!). It’s a bit of a shame – this is the […]
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
Astute reader Legrand posted an insightful comment below our article about shorting the S&P 500 that I wanted to call attention to. I believe he’s onto something very important: Back to my father’s generation- the boomers. They really have only seen inflation during their adult lives. Deflation isn’t something that seems plausible. Their entire adult […]
After trading hours Monday, we shorted the S&P 500 again via the futures market – because, well, we couldn’t bare to be on the sidelines anymore. We had HOPED for a rally that would carry the S&P towards the 1120 or 1130 mark. It did not materialize. The reversal was sharp and swift. It was […]
What a pathetic showing by the S&P 500. It’s been completely unable to rally despite an extremely oversold condition. Our original price target for the S&P rally was 1091-1123. We rallied into the lower end of that range, reversed, and that was it. When stocks can’t maintain a countertrend bounce (and also when that bounce […]
Contrarian indicators don’t get much better than this. Our good friend here in town, fellow Austrian economist fanatic Jonathan Lederer sent along word today that the California State Teachers’ Retirement System (CalSTRS), has approved a plan to begin investing in commodities “as a hedge against inflation and to buffer losses in equities” (Seriously, I’m not making this […]
What a way to end the week! The bears, and more importantly, the much feared deflation bird are back in charge. For how long? Yesterday, we took stock of the situation, and surmised that while the mini-rally on the S&P 500 had gone as far as it needed to. So we figured the odds favored a […]
Recent Comments