Investing and Trading News, with a Contrarian, Sarcastic Twist!
Over the longer haul, many of us believe that oil is heading higher. If you subscribe to the peak oil theory, or at least some derivation of it, this trend is basically regarded as fact. But for the shorter term, oil may be due for some degree of pullback. Speculative longs on the black goo […]
The “dumb money” is starting to work itself into a frenzy – Steve Sjuggerud writes in today’s DailyWealth: Today, “the Dumb Money is 71% confident in a rally,” my friend Jason Goepfert wrote. Jason tracks investor sentiment through his website SentimenTrader. The last time the Dumb Money was this optimistic was back in April, right before the […]
As most intelligent investors and business people can see, most of the recent stimulus and “quantitatively eased” funds are not really finding their way into the heart of the American economy. Ironically, much of this money is heading overseas, with China being as hot a destination as any. So, while boneheaded American politicians hem and […]
David Rosenberg writes today in his always excellent Lunch With Dave: It’s interesting that so many pundits lay claim to how great the shopping season is going – and yet nobody is using credit! Have a look at On Christmas Shopping Lists, No Credit Slips on the front page of today’s NYT. A mere 17% of shoppers have […]
Check out the chart of uranium stalwart Cameco – can you spot the trend? Source: StockCharts.com And backing it up a bit, we can see that Cameco has decisively pushed to two year highs – and it’s making a run at its pre-“end-of-the-world” levels: Source: StockCharts.com Most trend traders watching CCJ would have likely “gone long” […]
Ed. Note – you can read Part I of Prechter’s guest article on the history of the Fed here. Money, Credit and the Federal Reserve Banking System Conquer the Crash, Chapter 10 By Robert Prechter … Let’s attempt to define what gives the dollar objective value. As we will see in the next section, the […]
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Courtesy of Sy Harding, who shares my bullish dollar sentiment (at least for the intermediate term). Sy writes in his latest Street Smart Report: U.S. Dollar. We remain on the buy signal for the dollar. Our buy signal was based mostly on the short-term charts and indicators. They turned positive when the dollar reached the […]
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 […]
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