Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Robert Prechter: Gold isn’t the safe haven many think The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the excerpt from Robert Prechter’s May 20 interview with […]
It’s likely that few people living today can recall a more treacherous near term economic and investing environment than the one that staring us down right now. So how should you invest? Guest author David Galland takes a look at the intricately entwined global economic mess – and shares some insights about how you should gear your portfolio. — […]
Here’s an update on the short term trend of the stock market. When this recent rally kicked off on May 27th, we took a shot at a short-term price target for the S&P 500: For my calculations, I’m saying that this decline began at 1173 on the S&P, and ended at the intra-day low of […]
This is turning into “Commodity Short Alert” day here at Contrary Investing! We just warned you about the ailments of copper, which looks like it may have eaten some bad chow mein for lunch. Also “down” on this “up” day for the markets was cotton – which has been breaking down in a major way […]
A favorite exercise of mine is to take a look at the board and see what assets are not participating in strong rallies on days like today. And it looks like there were a few noticeable absentees in the commodity sector that did not make it for today’s raging campfire of a good time! (Ed. […]
Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally. In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]
Stocks just wrapped up their worst month since February 2009 – the last full month of the last leg down of the 08-09 stock market crash. So how are investors feeling? Not great – but all things considered, not too bad either. The Wall Street Journal (one of our favorite contrarian indicators) is running a […]
I had lunch with our property manager today – he’s a sharp guy with hooks into much of the local (Sacramento) commercial real estate market. The development company he manages and leases property for is one of the prominent developers in town…they are still doing OK, but have certainly fallen on tougher times since 2007. […]
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