Investing and Trading News, with a Contrarian, Sarcastic Twist!
Welcome back from the long weekend – I hope you had a great 4th celebration. Even us folks who are not so keen on the Federal Government can appreciate many of the founding values of our country…despite how frustrated it is when Constitution seems to be a forgotten document…in a world where “whatever it takes” […]
Just caught the latest Marc Faber TV interview on Bloomberg. Some quick notes on his thoughts: Believes the March 6 stock market lows were major lows for awhile If the S&P drops towards 800, we’ll see new stimulus plans and loose money…and if it drops towards 700, we’ll see even more…thus the lows are likely […]
Nice dive into the current technicals of gold by commodity expert Brad Zigler at Hard Assets Investor. Brad takes a look at Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and good old fashioned Volume. Down to earth explanations of these indicators can be tough to come by, but this piece will give you […]
My dad, regular blog reader and link contributor, just sent me a classic “stocks for the long run” article, published over on Fidelity.com. This piece is a real gem – with the author genuflecting at the feet of the chief stock cheerleader himself, Mr. Jeremy Siegel, author of Stocks for the Long Run. We’ve even […]
Great Dennis Gartman interview over on The Globe Investor. Here are a couple of quick hits, and you can find the full interview here. Gartman’s thoughts on: Gold: Someone or something is leaning on gold at $980-$1000 and I’ll let that seller be sated before I venture back to the long side. So will I […]
The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]
We now find our fallen (past) hero, Government Motors, nestled under the protective wing of the United States Government, sheltered from the harsh conditions of the “free market.” Some folks actually believe this cover from reality is all that GM needs in order to right the ship, and, to borrow a phrase from REO Speedwagon […]
Corn futures are getting absolutely trashed this morning…along with basically everything else in the commodities sector. July futures are down nearly 8% as I write, as the USDA just reported that corn stocks are up 6% from a month earlier. Obviously the market does not like this supply news, and corn is being heavily discounted […]
Yesterday in our weekly column, we kicked around the possibility that the hyperinflationists are wrong…or at least early to the party. My piece was also picked up by Seeking Alpha, and you should check out the comment stream from livid gold bugs and monetary purists! I get a kick out of folks that truly believe […]
Recovery.gov, the resource setup by the Obama administration to provide full transparency of the squandering and misallocation of tax dollars, is reported to actually be more translucent than transparent. Watchdog organization Sunlight Foundation, described as “normally polite” by ReadWriteWeb, referred to Recovery.gov’s data transparency as a “significant failure.” And not just once! Sunlight co-founder Ellen […]
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