Investing and Trading News, with a Contrarian, Sarcastic Twist!
Courtesy of our friend and frequent guest writer Sy Harding, here’s his 2011 economic and stock market outlook. Regular readers know that Sy usually errs on the side of caution, so like me, you may be a bit surprised to see him casting his lot with the bullish forecast camp – though he does not […]
Investors sure are in a good mood this Holiday season! But how long can this extreme bullish mood last? We turn to Sy Harding for his thoughts as we head into the Christmas holiday…but a quick heads up, these exuberant individual investors may have you reaching for the egg nog! —- ’Tis a Season To […]
“Do something!” is a common refrain clueless voters and politician like to rally around when it comes to “fixing” our Humpty Dumpty economy. To which I usually protest: “No – don’t do anything!” Because government can only harm the economy by getting involved – as we’ve seen once again over the last three years. It’s […]
Not bad – Rosenberg had the S&P fair value pegged much lower last time (in the range of 650 to be precise). From today’s Breakfast With Dave: S&P 500: No surprise here, the U.S. market continues to be overvalued. According to our proprietary models, the median fair-value for the S&P 500 is 1,120 (with a range […]
Over the weekend I caught a good interview that Jim Puplava conducted with economic commentator Gonzalo Lira about possible shakeout ramifications for the Euro as a result of the accelerating sovereign debt crisis in Europe. Lira laid out two potential scenarios: The PIIGS withdraw from the Eurozone, leaving the sounder core member (Germany, France, etc) […]
Big hat tip to our friend Brian Hunt, who referenced this classic trading passage and lesson from Edwin Lefevre’s Reminiscences of a Stock Operator. It’s about a humble, old, and somewhat eccentric trader who appeared to be wiser than those around him because, rather than trading in and out of positions, he was content to […]
Next Year – The Third Year of the Presidential Cycle! Being Street Smart Sy Harding December 20, 2010. The history of the Four-Year Presidential Cycle is that the stock market tends to experience its worst corrections and bear markets in one or both of the first two years of a president’s term, and then be […]
Quietly, Chinese stocks continue to slide, now down 12% for the year to date. Since China had announced its plans to target inflation, the Shanghai Index has taken it on the chin: Chinese stocks quickly retraced a portion of their 2008 losses – and then slowly faded. (Source: StockCharts.com) Regular readers know that we like […]
Here’s an interesting take on the lasting effects of WikiLeaks from geopolitical expert George Friedman, Founder of Stratfor. I go on and off with my subscription to Stratfor – they give excellent insights into geopolitics, taking a game theory approach to determine what actions the various actors will take. While I’m not currently a subscriber, […]
Municipal bonds continue to get taken to the cleaners – here’s an ugly chart for ya: Muni bonds fall off a cliff. (Source: StockCharts.com) Ever since the Muni Bond Put known at the Build America Bonds fund was given an expiration date, investors have shown little appetite for tax-free municipal debt. Mish Shedlock explored the […]
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