Investing and Trading News, with a Contrarian, Sarcastic Twist!
When the talking heads on CNBC say that stocks reasonably valued today, I have no clue what they are talking about. At least I’m in good company, as neither does the indomitable John Hussman – he writes: Last week, the S&P 500 Index ascended to a Shiller P/E in excess of 24 (this “cyclically-adjusted P/E” or […]
Wow – I’d have guessed at least 10% lower if you’d asked me. Today’s Wall Street Journal reports (hat tip Dave Rosenberg): The median down payment in nine major U.S. cities rose to 22% last year on properties purchased through conventional mortgages, according to an analysis for The Wall Street Journal by real-estate portal Zillow.com. […]
A 1930’s style executive order against gold was delivered by the Dutch Central Bank to a pension fund, Zero Hedge reports: Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where […]
With cattle prices hitting all-time highs, I decided to take a look at the broader causes for the trend – both short term and long term. To read the full article, please hop over to Hard Assets Investor. *** Where’s the Beef? Cattle Prices Hit All-Time Highs Cattle prices are at all-time highs, thanks to […]
We’ve seen a lot of mustard on the price action in rough rice since we initiated our long May 2011 futures position – but for all that, we are just about where we started: Which, actually, is perfectly fine with me. Since I generally use a 15-day low as my stop on these trades, a […]
Regular contributor Sy Harding takes a look at the amazing levitation the US stock market continues to display – which is especially impressive given the ugly price action we’re seeing in the BRIC’s… —- The US Market’s Remarkable Resilience Being Street Smart Sy Harding February 11, 2011 The U.S. stock market’s continuing strength in the […]
Here’s a fantastic comparison of our current recession with the Great Depression by Doug Casey, who illustrates why broader trends and fundamentals were actually much brighter during the 1930’s and 40’s than they are today… (And if you like Doug’s piece, you should also check out my recent piece: Comparing the Current Recession/Depression with THE […]
So far, so good on that “long rice” trade – always a good sign when your position is the only green on the screen! Today was a forgettable one for most grains – but rice stood tall amidst the apathy. (Source: Barchart.com) For some background on our rough rice trade… The favorable supply/demand fundamentals The […]
Andy Kessler’s new book Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs is out today – and we’ve got an exclusive interview with Andy! I personally learned and gained a ton from this book – as a software startup guy myself, it really helped open my mind and eyes to the patterns that lead to successful […]
Regular readers know that we’ve been keeping a keen eye on rough rice ever since Jim Rogers said “if rice went down, he’d buy more.” That prompted me to take a look at the supply/demand fundamentals of rice, and conclude that things were teed up for a potential rally in this unsung grain. A recent […]
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