Investing and Trading News, with a Contrarian, Sarcastic Twist!
Courtesy of David Rosenberg, Chief Economist at Gluskin Sheff: The VIX index, at 17.5x, is back to where it was last April. Remember what happened next. Investors Intelligence bullish sentiment is back to where it was at the all-time market highs of October 2007. The non-commercial accounts on the CME have recently opened up a considerable net speculative […]
All human progress – and stock market gains – boil down to increases in productivity. While sounding a bit dramatic, if you look through history, you’ll see incredibly consistent correlation between productivity breakthroughs (ie. the industrial revolution, the internet) and bursts of prosperity. Legendary hedge fund manager and technology guru Andy Kessler used this technique […]
Gold, silver, and the other precious metals are getting slaughtered today – with gold down a whopping $44 as I type this! There’s a lot of pain on this heat map: Nowhere to run to, baby…nowhere to hide. (Source: BarChart.com) I almost forgot that gold can also go down. Perhaps a clue that we were […]
Bloomberg reports that Illinois lawmakers have merely days to cover their current $13 billion deficit: Illinois lawmakers will try this week to accomplish in a few days what they have been unable to do in the past two years — resolve the state’s worst financial crisis. The legislative session that began today as the House […]
Well we were either early, or wrong, on our persistent warnings that the return of deflation was imminent. And experienced investors and traders know that you should never fight the tape! The tape kicked off 2011 with a definitive message that the bulls – and/or the inflationists – are still in the driver’s seat. Crude […]
Over the weekend I read most of Martin Zweig’s Winning on Wall Street – which I’d highly recommend to traders and those passionate about the market. Zweig breaks down some interesting seasonal features that seem to correlate with the social mood of the public. When people are in a good mood, they tend to bid […]
How does our current recession (or more likely, soft depression) compare with the Great Depression? For an excellent account of the United States’ last go-round with economic collapse, I’d highly recommend The Great Depression: A Diary by Benjamin Roth. Roth is a Youngstown, Ohio based attorney who details a compelling play-by-play of the Depression, spanning […]
Las Vegas may still be hurting, but the Wall Street Casino is as lively as ever. US ETF and ETP assets have just topped the $1 trillion mark – impressive because c’mon, let’s face it – ETFs are a pure speculative vehicle, nothing more and nothing less. And because ETFs are created due to investor […]
Just in case you were feeling chipper about the “economic recovery” being touted by the mainstream financial media, check out Porter Stansberry’s End of America video, where he makes a compelling case that inflation is already here, and hyperinflation, severe social unrest, and government imposed financial restrictions are just around the corner. He’s definitely a […]
The current headline on Google Finance is a Bloomberg story crowing about the S&P’s 86% (!) rally off the March 2009 lows. The S&P has traded up 17 out of 22 trading days in December (Source: Elliott Wave International), and has rallied pretty much non-stop for 4 months now. A rally which, fittingly, kicked off […]
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