Investing and Trading News, with a Contrarian, Sarcastic Twist!
Not much new on Wall Street today – another lazy day in late summer. Stocks continue to churn on anemic volume just above key support levels: The S&P continues to mill about just above its key support at 1040. (Source: StockCharts.com) Meanwhile, it seems like most investors are well aware of the fact that September […]
The Hindenburg Omen — Omen-ous or Not? Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 31, 2010 By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in […]
Quick – what’s the current P/E ratio of the S&P 500? Standing in line today at lunch, waiting for my chicken pita, I was checking Wall Street’s closing numbers on my Android, reading about how stocks haven’t been this cheap since the early 90’s – and thought whhhhhat? The S&P price to earnings multiple is […]
There’s still not much of an appetite to buy stocks – but volume remains very quiet as the dog days of summer wind down. We’ve been expecting a decline in stocks, and have been watching for slowly rising volume to accompany these declines to give us a heads up that there is some “umph” behind […]
Last Friday on The Today Show, Katy Perry rocked the stage with a live performance of her summer 2010 mega-hit “California Gurls”. It’s bubble gum pop at its absolute finest: “California Gurls might even be described as the token summer pop song, all bounce and fun” – The Tartan “All bubble gum and candyland fun, […]
We’ve taken a fun exploratory look at internet search terms and their potential correlation (or lack thereof) with financial asset prices before (See: Using Google Trends as a Leading Indicator). That piece actually found its way to Google Headquarters in Mountain View, as I was contacted by someone from Google Finance who asked if I’d […]
We’ve been following the financial sector throughout the entire “reflation rally”, figuring that a breakdown in financial stocks may precede a breakdown in the broader market. Financials led the way down in 2007, and they led the way up in 2009 – so can they threepeat and lead the way down once again here in […]
One of the paid publications that I mention a lot here is The Casey Report. It’s a monthly publication put together by the astute folks at Casey Research – one of the very best at breaking down the big picture, in my opinion. In honor of Casey Research being named to the Inc 5000 (a […]
In a speech laden with true indecisive “economist-speak”, Fed chairman Bernanke headlined his performance from Jackson Hole with assurance that the Fed “will do all that it can” to keep the economic “recovery” (sarcastic quotes mine) rolling. From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank “will do all that it can” […]
Today, Karl Rove penned an op-ed for the Wall Street Journal blasting Barack Obama for “one of the all-time presidential PR disasters” in describing Obama’s economic summer 2010 policies. Rove cited Obama’s falling approval rating – from 42% in May, to 35% in August as evidence of his ineptness. Now I’m not exactly a fan […]
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