Investing and Trading News, with a Contrarian, Sarcastic Twist!
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. […]
How scary are the sovereign debt levels of the United States, Japan, and European nations? David Galland explores in this guest piece. If you’re not completely frightened by the levels of government debt, and the fact that Greece is nothing extraordinary…you should be scared out of your mind by the end of David’s piece! An […]
Well today we are seeing the strong bounce that we’d been anticipating in the stock market (if you missed yesterday’s piece, you can get caught up here). Now that the S&P 500 has rallied to the doorstep of 1100, the question is – how much longer will this rally go? And when should we re initiate our […]
Yesterday afternoon, we closed our short S&P 500 futures position after hours, on the expectation that some sort of bounce was developing in the near term. If that’s what you call a bounce – it was pretty pathetic! What a lame-ass bounce! We’ll see what type of follow through we get tomorrow and Friday. That […]
Three pot growing counties nearby here in Northern California are experiencing an “economic catastrophe” due to – get this – plummeting marijuana prices. NPR reports: Legal pot, under the guise of the California’s medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas […]
After gapping WAY down at the opening bell, the S&P (and other indices) rallied throughout the day, slowly but steadily climbing back to even on the day. All-in-all a very respectable showing, as the first major test of support at 1050 for the S&P held. The S&P did set a new intraday low for 2010 […]
Recent Comments