Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Many of us here have been anticipating a dollar rally that would kick off an explosive move to the upside for the buck. Perhaps a short term move, perhaps a more significant event that could bring another wave of deflation to the asset markets (hey, remember deflation?) I was reading Bob Prechter’s latest newsletter yesterday […]
Because Mr. Bernanke and Mr. Obama are money printers! Faber also likes Asia in the medium to long term for his stock holdings. And he hates cash. He believes longer term, Americans should have at least 50% of their cash in emerging economies, because their higher growth rates offer greater opportunities for returns. I like […]
When can bad news be good news? Apparently when that bad news indicates the Fed will kickoff QE Part Deux! The loser jobs report from Friday has respondents to a new CNBC survey nearly certain that the Fed is going to step up to the plate in a big way come November. Following Friday’s disappointing […]
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