Investing and Trading News, with a Contrarian, Sarcastic Twist!
“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.“ – James Carville That’s one of my favorite financial quotes of all-time, courtesy of James Carville, […]
Checking in on Some Key Charts Major indices hit new recovery highs today, with the DOW hitting it’s highest mark in the last 18 months. Trading volume remains tepid, however – as you can see from this chart of the S&P 500, this recent rally appears to lack some conviction: Rallies have been occurring on […]
Ever wonder what the hell takes the rating agencies so long? Today, leading credit agency Fitch downgraded Portugal’s debt amid “growing concerns about the government’s ability to service it’s borrowings.” Well – duh – increased borrowings coupled with decreasing tax revenues should raise concerns. What amazes me is that the Euro traded down today on […]
If there was any question before that the federal deficit was completely out of control and unsustainable, the successful passing of the “free healthcare for all” plan should completely seal the deal! As you probably recall, the out-of-control debt spiral faced by our government sparked some interesting conversation at our local Casey phyle meeting about […]
Stratfor reports that Chinese exports have not picked up as expected, or at least hope, so the Chinese bad lending/debt binge is expected to continue for at least the next year. But never fear, Chuck Schumer is on the scene, declaring the Chinese to be “mercantalists!” What could possibly go wrong?
Another up day for equities, and investors appear to be feeling pretty good about things. According to the S&P 500 Bullish Percent Index, investors haven’t felt this upbeat about things since January: Investors have been feeling on the up and up of late. Chart courtesy of StockCharts.com Unfortunately investor bullishness is a classic contrarian indicator […]
On Monday, I penned a piece for Casey’s Daily Dispatch that highlighted the investment and geopolitical conclusions that our local “phyle” reached during our most recent meeting. Last night our Sacramento Phyle got together at a local restaurant to banter about the usual talk you’d expect to overhear at such a place – like government […]
Last week our local “Casey Research Phyle” got together at a local restaurant to banter about the usual talk you’d expect to overhear at such a place – like government confiscation of retirement plans, expatriation, wiring money to Central America, and our favorite shorting techniques – you know, the usual. In these turbulent economic and […]
Here’s an excerpt from the latest issue of Conversations with Casey – an absolutely must read that Doug Casey and his team publish every Wednesday. If you’re not yet a subscriber, I’d highly recommend it – it’s a free pub, so you can’t beat the price, and Doug definitely doesn’t pull any punches! *** (Conversations […]
Stocks continue to defy gravity, as the S&P finished today at a 17 month high. Amazingly, the S&P has completely retraced it’s most recent drop from January. The markets swung from quite oversold, to quite overbought, within the span of a month. Once again, we learned (the hard way) not to bet against the S&P […]
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