Investing and Trading News, with a Contrarian, Sarcastic Twist!
When 2011 dawned, it was widely believed that the stock market would be OK, and likely continue to rise for the first half of the year, as economic reports were expected to continue to improve. And lo and behold, the financial crowd was right on the money! But now that the first quarter is behind […]
Last night my pal and reader Jonathan Lederer sent out a great comparison piece to his clients, harkening back to Japan’s last major earthquake in 1995. I asked Jon if we could republish here on the blog, and he graciously said it was cool to do so. And to his credit, this piece dropped in […]
Legendary investor Barton Biggs is back in the headlines – he’s buying Japan right now, and says this panic selling is “a gross overreaction.” Mr. Biggs says he wasn’t tempted to do any buying on Friday or Monday, but by Tuesday morning he jumped in, arguing that the Japanese economy will prove more resilient than […]
There’s nothing like a good old fashioned nuclear meltdown to get everyone dumping their uranium stocks! Industry staple Cameco has been pummeled since the hysterics began in Japan: Source: StockCharts.com And new uranium miner ETF URA found itself without any buyers…until it plummeted below $16: Source: StockCharts.com Does this blood in the streets constitute a buying […]
In my book, Stratfor’s George Friedman is THE best at geopolitical analysis – he always pieces together the global picture masterfully. Here’s his take on the emerging energy crisis in Japan, which we are fortunate enough to republish here… Japan, the Persian Gulf and Energy By George Friedman, Founder of Stratfor Over the past week, […]
John Mauldin included a chapter from his new book Endgame in his newsletter this week, and it’s a good one, taking a thorough look at historical examples of Inflation and Hyperinflation. The most interesting part of the chapter for me was its conclusion – there’s a quote from historian Peter Bernholz, the man who literally […]
European Central Banks are trying to unload the PIIGS sovereign debt they picked up during the last bout of crisis: At the peak of the debt crisis in Europe, the European Central Bank committed a break with tradition that many at the time considered to be a cardinal sin. The bank began buying up massive […]
On Friday, while writing about the big “Bill Gross is out of US bonds” news, I mused that now might be a good time to take a flyer on Treasuries: Sentiment is so bearish on the Long Bond that I’d expect prices to get at least a short-term pop of sorts. It’s been a rapid rise […]
Bill Gross is OUT of US Treasuries: Bill Gross, founder and co-chief investment officer of Newport Beach, Calif.-based Pacific Investment Management Co. has emptied Pimco’s Total Return Fund, the world’s biggest bond fund, of its U.S. government-related holdings, including Treasury debt, the company disclosed on Wednesday. Source: MarketWatch The Bond King has expressed concern about […]
I saw a mini-contrarian signal for silver in today’s edition of Help a Reporter Out – an email publication devoted to connecting journalists with qualified sources. Not to pick on Bankrate.com in particular – but what the heck. When they are writing about an investment theme, we should probably cast a skeptical eye towards it… […]
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