Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
As I write this about 90 minutes before the closing well, markets opened lower and continue to languish, with declines slightly outpacing advances. This is only notable because markets are already severely oversold – at least by common metrics. So, while astute traders may have anticipated a bounce today, that has not yet materialized. I have […]
When it comes to deflation analysis, nobody does it better than Robert Prechter and his team at Elliott Wave International. The folks at EWI were kind enough to let us syndicate this excerpt from Bob’s recent Theorist newsletter, highlighting deflationary signs that the average investor may be missing. Signs of Deflation You Might Not be […]
Richard Russell’s not in the mainstream news that often – so when he is, my interest is certainly piqued. To my knowledge, Russell has been short term bullish throughout much of this reflation/retracement rally. It looks like he’s close to donning his bear cap, though. Bloomberg reports: “If the May 7 lows are violated by […]
If you consume a portion of your news from the mainstream media, it’s not easy to keep your head on straight. Separating the core facts from the nauseating spin of the financial media is not easy! And by the way, I’d even group the Wall Street Journal in with the other mainstream rags. Murdoch is […]
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