Investing and Trading News, with a Contrarian, Sarcastic Twist!
Nice job here by our friend and correspondent Terry Coxon, who breaks down the QE math that the Fed faces. Believe it or not, there’s no free lunch, not even for the Fed. TANSTAAFL! —- The Long Swim – How the Fed Could Become Insolvent By Terry Coxon, Editor, The Casey Report You’ve seen the […]
Stock analyst ratings are still excellent contrary indicators, according to a recent Bloomberg study: Companies in the Standard & Poor’s 500 Index that analysts loved the most rose 73 percent on average since the benchmark for U.S. equity started to recover in March 2009, while those with the fewest “buy” recommendations gained 165 percent, according […]
Super trader Dennis Gartman shares his top 3 trades for 2011 with CNBC: No big surprise that the Gart-Man still digs agriculture and things that “would hurt if dropped on your foot,” as he loves to say. Hat tips to The Daily Crux and Investment Postcards for the link!
Prechter on CNBC – “Not a bear among them” Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views with CNBC host Larry Kudlow. (Note: Prechter’s interview starts about four minutes into the interview). Regular readers will know that I’m partial to Prechter’s arguments, particularly his points about overwhelmingly bullish sentiment […]
Courtesy of David Rosenberg, Chief Economist at Gluskin Sheff: The VIX index, at 17.5x, is back to where it was last April. Remember what happened next. Investors Intelligence bullish sentiment is back to where it was at the all-time market highs of October 2007. The non-commercial accounts on the CME have recently opened up a considerable net speculative […]
All human progress – and stock market gains – boil down to increases in productivity. While sounding a bit dramatic, if you look through history, you’ll see incredibly consistent correlation between productivity breakthroughs (ie. the industrial revolution, the internet) and bursts of prosperity. Legendary hedge fund manager and technology guru Andy Kessler used this technique […]
Gold, silver, and the other precious metals are getting slaughtered today – with gold down a whopping $44 as I type this! There’s a lot of pain on this heat map: Nowhere to run to, baby…nowhere to hide. (Source: BarChart.com) I almost forgot that gold can also go down. Perhaps a clue that we were […]
Bloomberg reports that Illinois lawmakers have merely days to cover their current $13 billion deficit: Illinois lawmakers will try this week to accomplish in a few days what they have been unable to do in the past two years — resolve the state’s worst financial crisis. The legislative session that began today as the House […]
Well we were either early, or wrong, on our persistent warnings that the return of deflation was imminent. And experienced investors and traders know that you should never fight the tape! The tape kicked off 2011 with a definitive message that the bulls – and/or the inflationists – are still in the driver’s seat. Crude […]
Over the weekend I read most of Martin Zweig’s Winning on Wall Street – which I’d highly recommend to traders and those passionate about the market. Zweig breaks down some interesting seasonal features that seem to correlate with the social mood of the public. When people are in a good mood, they tend to bid […]
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