Investing and Trading News, with a Contrarian, Sarcastic Twist!
Being Street Smart by Sy Harding An Encouraging Week For Investors! December 3, 2010. After a strong rally in September and October, the stock market topped out short-term four weeks ago, with the Dow then declining 4% in just seven days. In the process it broke below key short-term support levels that market technicians watch, […]
Excellent commentary from John Hussman (as usual) in his most recent weekly piece. On expected returns based on dividend yields (yes, THAT barbaric measure of value): Our estimates for S&P 500 total returns remain below 5% at every horizon shorter than a decade. One can argue that 5% is “attractive” relative to less than 3% […]
As the dollar begins to look a little frisky, gold is once again turning its anger on other fiat currencies, with the euro directly in the barbaric relic’s line of sight. Quietly, gold hit a new all-time high against the euro last week: Can you spot the trend? (Source: StockCharts.com) Hat tip to Daily Wealth’s […]
Gold and commodities may be way up this year, but NBA ticket prices are down for the second consecutive year. ESPN.com reports: The sports business outlet Team Marketing Report said Wednesday the average price of a nonpremium seat dropped 2.5 percent to $48. That followed a 2.8 percent decrease last season. The Los Angeles Lakers have […]
Here’s a guest piece by Bud Conrad, who picks apart Bernanke’s latest follies, both at home and abroad, as he continues on his mission to devalue the US dollar in an effort to get the US economy jumpstarted again. (The only question in my mind is not around Bernanke’s motivations – we know them – […]
Hey, have you noticed muni bonds lately? They’re crashing! Muni bonds fall off a cliff (Source: StockCharts.com) We shall see where they go from here – but the recent rally sure looks like it your standard fare retracement/dead cat bounce – paving the way nicely for the next leg lower. DailyWealth’s Dan Ferris believes this […]
Repeat after me: “They are still all the same markets!” There’s the US Dollar – and then there’s everything else. And the dollar, just days after QE2 was announced, turned up in sharp fashion. Some final nail in the coffin that was! It appears this is STILL the only chart we need to watch. (Source: […]
We’ve sure seen a lot of QE2 talk hashed around – including some hilarious cartoon spoof videos. But here’s a unique take from Andy Kessler on Bernanke’s real motivations for QE2, courtesy of the WSJ: I have a different explanation for the Fed’s latest easing program: Without another $600 billion floating through the economy, Mr. […]
Steve Keen rocks! I realize I’m a bit impartial due to my deflationary bias, but I make no apologies for my intellectual man crush on Mr. Keen. If you’re not familiar with Keen’s work (or even if you are), check out this video interview with Max Keiser. It’s an excellent one, and if you watch […]
Robert Prechter Explains The Fed, Part I The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve By Elliott Wave International The ongoing financial crisis has made the central bank’s decisions — interest rates, quantitative easing (QE2), monetary stimulus, etc. — a permanent fixture on six-o’clock news. Yet many of us […]
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