Investing and Trading News, with a Contrarian, Sarcastic Twist!
I don’t normally comment much on politics, preferring to focus on the markets as best I can – though admittedly the two are becoming more and more intertwined by the day (sadly enough). But this was a very interesting piece from George Friedman at Stratfor, which we were fortunate enough to be allowed to reprint […]
If you hold gold in your portfolio – be it as an insurance policy, a hedge against inflation, or a speculation – you’re probably always considering the risk of the government cracking down on gold ownership. And if you’re not worried – you probably should be! Not to sound the alarms too loudly, but it’s […]
The old joke is that Japan’s Central Bank is so incompetent, it was unable to devalue its own currency during its Lost Decade (or Two), despite its best efforts. But that’s not stopping Japan’s finance ministry from giving its favorite pastime another go. The yen has hit a 15-year high against the dollar – which […]
The ghost town that is the S&P 500 continues its inexorable march to the sky, driven by about 9 traders flipping shares back and forth. Now we’ve hit an interesting point, with the S&P kissing its upper resistance line once again, and most market observants quite giddy with bullishness: Source: StockCharts.com Will 1130 hold? Nobody […]
There are so many economic indicators being published weekly that it’s very easy to get distracted and lost. Which of them really matter? Which are actual leading indicators – and which are trailing ones, reporting old news from six months ago? Here’s a great column by Forbes columnist Bert Dohmen, who makes the case that […]
With tax revenue receipts still in the tank for most US states, they are scrambling for ways to boost tax receipts. Accounting Today reports: States are intensifying theirefforts to confront the challenge of winnowing down budget shortfalls by raising sales tax rates, increasing the number of items taxed, and more aggressively asserting nexus. “States are […]
Hat tip to our buddy and fellow debt deflationist Carson for passing along this mind blowing number on Greek debt: As Wall Street hangs on the question “Will Greece default?,” the author heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country’s economic insanity. But […]
The S&P has been rallying towards the upper end of its recent 1040-1130 trading range over the past week and a half. Since the S&P entered this range, it’s been profitable to “swing trade” the extremes – by going short near the upper edge of the range, and either covering, or going long, near the […]
Former hedge fund manager Andy Kessler, one of our favorites, believes that we are 3 years into a 7+ year consumer deleveraging cycle. Andy writes: The blue is actual through the first quarter of 2010. The red is trendline and the transparent blue box is my estimate for household debt to get back to trendline. […]
The US birth rate tanked in 2009, according to data released by the National Center for Health Statistics. Previous research by Robert Prechter has shown that the advance/decline ratio of the NYSE is an amazingly accurate leading indicator of babies to come in the next year. Why the next year? Well, you know what related […]
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