Investing and Trading News, with a Contrarian, Sarcastic Twist!
There’s been quite a bit of speculation that the November elections could be a bloodbath for incumbents, with a sweeping wave of austerity kicking ass and taking names. But the futures markets are currently showing that austerity votes are likely to disappoint in next month’s elections. Starting right here at the major nexus for irresponsible […]
Well, it’s about time! The dollar is AT LAST starting to “show some signs”, as play-by-play guy Marv Albert would say: Source: StockCharts.com At the beginning of this month, we listed 3 reasons the dollar was due to rally. Reason #1 was an intermediate term trend that appeared to be heading up since 2008: Since […]
The Outlook for Real Estate, Including the Ban on Foreclosures and its Effects David Galland interviews real estate professional Andy Miller, Miller Frishman Group In 1990, following the real estate debacle of the 1980s, Andy Miller co-founded SevoMiller, Inc. The company provided workout services for major financial institutions throughout the country and also began buying […]
Nice post and chart here by Mish Shedlock, who peers into the commonly cited “fact” that Corporate America’s balance sheets are stuffed with cash. That may be the case, but they are MORE stuffed with debt – and total debt surpasses total cash. You can read Mish’s breakdown here. The biggest joke, I think, is […]
A wild headline courtesy of researchers at Indiana University, who are using mood-recording algorithms on Twitter to predict stock market changes! From MIT’s Technology Review: So these guys took 9.7 million tweets posted by 2.7 million tweeters between March and December 2008 and looked for correlations between the GPOMS indices and whether Dow Jones Industrial […]
Here’s a recent excerpt from Richard Russell’s Dow Theory Letters (courtesy of Financial Sense): The gold bull market will not end with a fizzle and a whimper. It will end with intense speculation and widespread interest from the funds and the public. We haven’t seen that kind of activity yet, but I’m convinced that a […]
On Friday I had the good fortune to interview Andy Kessler, of Silicon Valley and Wall Street fame, about his latest book, Grumby. Andy is one of the sharpest minds around with regards to the intersection of technology and finance. He’s an electrical engineer by training, and after starting his career at Bell Labs, he […]
Robert Prechter likes to make his media appearances when he senses a potential market turn is at hand. Recently, he joined the hosts at Yahoo Tech Ticker to talk about indicators that may be flashing some big warning signs for the stock market. Of course since this interview, the market has gone only up – […]
Fear has left the building – again. Yesterday the VIX hit its lowest point since April… Source: Stockcharts.com Which is potentially ominous, because you remember what happened next. But, hey, I’ve been writing about an imminent dollar rally/stock market collapse for months now, so what do I know! At least I’ve got formidable company – […]
Mr. T lays out a beautiful case for the barbaric relic on Bloomberg TV… At first blush, this would appear to be a classic contrarian market indicator. But actually Mr. T is not pitching to sell you gold, but rather buy your gold in exchange for – wait for it – cash. You know, the […]
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