More Signs the Stock Market (and Everything Else) May Finally Be Topping Out

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors “peel away” from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, […]

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This shot says it all – the “all the same markets” hypothesis is still in play. Why bother with diversification when all the markets move in tandem? (Source: Barchart.com) Hat tip to Robert Prechter, who I believe was the first to point out the increasing correlation between every asset class, as far back as 2004. […]

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Did the intermediate top in stocks occur earlier this week? We won’t know for sure for many months, but it certainly COULD have been. The rally has been running on fumes for month, yet still moving upwards despite the naysayers (such as myself), as the S&P pushed above the 1100 mark (raise your hand if […]

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Our hero Jim Rogers has been back in the news quite a bit recently – here’s his latest thoughts: He sees gold heading north of $2,000 in the next decade Ben Bernanke should (still) close the Federal Reserve, then resign He likes the Japanese Yen best at the moment of the currencies, but wouldn’t buy […]

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Coast to coast flights are fantastic for getting uninterrupted reading time in, and on my flight back to the West Coast last Monday, I was able to devour Financial Reckoning Day Fallout: Surviving Today’s Global Depression, by Bill Bonner and Addison Wiggin. Bonner and Wiggin are the two top guys at Agora Financial, an extremely […]

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With the DOW pushing to new 2009 highs yesterday, I was looking forward to today to see if the S&P could confirm the DOW’s push – which would indicate that this rally is still on. Yesterday’s push was quite impressive across the board, but thus far today, we have not yet witnessed any decisive follow […]

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This epic stock market rally has done exactly what it was supposed to do – it’s retraced about half of the losses from the previous crash. It’s got folks feeling comfortable again – while maybe not outright enthusiastic about things, they now believe the carpet is not going to be pulled out from under them. […]

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The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Steve Hochberg and Pete Kendall produce stellar analysis for Elliott Wave International – two of my favorite guys in the biz – here, they take a look at trading volume, and what it says about investor confidence. […]

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Nouriel Roubini thinks that commodities and equities have gotten ahead of their fundamentals – now pricing in a “V-shaped” recovery, which Roubini thinks is unlikely (I agree). Here’s an interview with Roubini conducted by our friend Lara Crigger at Hard Assets Investor. Well, in my view, commodity prices have increased since the beginning of the […]

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