Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Vietnamese stocks have broken out to 2010 highs in decisive fashion – as measured by the Market Vectors Vietnam ETF (VNM): Source: StockCharts.com There is some speculation that some hot “quantitatively eased” dollars are flowing at a brisk pace into emerging stock markets. And Vietnam, being a laggard in the reflation trade, is now playing […]
Check out the smack down investors laid on municipal bonds after Obama and Congress declined to extend the Build America Bonds program: Source: StockCharts.com The WSJ reports: If the BAB program is allowed to expire on Dec. 31, ending the sale of those federally subsidized, taxable securities, state and local governments would issue more tax-exempt […]
Dave Rosenberg touched on the subject of Europe today in his daily missive: Ireland, Greece and Portugal are basically insolvent and we will probably find out in due course that while these countries are too big to fail, and Spain is too big to rescue – this saga is far from over. I thought this would be […]
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