Investing and Trading News, with a Contrarian, Sarcastic Twist!
Jim Rogers was a guest on CNBC a couple of days back. He believes – get this – that inflation is here already, and going to get worse. “I don’t know where you people shop!” he deadpans. Here’s the link to the video interview (runs about 9 minutes). Joking aside, his expectation that wage inflation […]
The sovereign debt debacle spotlight is back on Europe at the moment…but could it soon be heading to the land of the rising sun? Japan has quietly boasted astronomical borrowing needs as a percentage of GDP – so much so that the relative calm of Japanese interest rates has lulled many investors to sleep. Is […]
Vietnamese stocks have broken out to 2010 highs in decisive fashion – as measured by the Market Vectors Vietnam ETF (VNM): Source: StockCharts.com There is some speculation that some hot “quantitatively eased” dollars are flowing at a brisk pace into emerging stock markets. And Vietnam, being a laggard in the reflation trade, is now playing […]
Check out the smack down investors laid on municipal bonds after Obama and Congress declined to extend the Build America Bonds program: Source: StockCharts.com The WSJ reports: If the BAB program is allowed to expire on Dec. 31, ending the sale of those federally subsidized, taxable securities, state and local governments would issue more tax-exempt […]
Dave Rosenberg touched on the subject of Europe today in his daily missive: Ireland, Greece and Portugal are basically insolvent and we will probably find out in due course that while these countries are too big to fail, and Spain is too big to rescue – this saga is far from over. I thought this would be […]
Being Street Smart by Sy Harding An Encouraging Week For Investors! December 3, 2010. After a strong rally in September and October, the stock market topped out short-term four weeks ago, with the Dow then declining 4% in just seven days. In the process it broke below key short-term support levels that market technicians watch, […]
Excellent commentary from John Hussman (as usual) in his most recent weekly piece. On expected returns based on dividend yields (yes, THAT barbaric measure of value): Our estimates for S&P 500 total returns remain below 5% at every horizon shorter than a decade. One can argue that 5% is “attractive” relative to less than 3% […]
As the dollar begins to look a little frisky, gold is once again turning its anger on other fiat currencies, with the euro directly in the barbaric relic’s line of sight. Quietly, gold hit a new all-time high against the euro last week: Can you spot the trend? (Source: StockCharts.com) Hat tip to Daily Wealth’s […]
Gold and commodities may be way up this year, but NBA ticket prices are down for the second consecutive year. ESPN.com reports: The sports business outlet Team Marketing Report said Wednesday the average price of a nonpremium seat dropped 2.5 percent to $48. That followed a 2.8 percent decrease last season. The Los Angeles Lakers have […]
Here’s a guest piece by Bud Conrad, who picks apart Bernanke’s latest follies, both at home and abroad, as he continues on his mission to devalue the US dollar in an effort to get the US economy jumpstarted again. (The only question in my mind is not around Bernanke’s motivations – we know them – […]
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