Investing and Trading News, with a Contrarian, Sarcastic Twist!
Today, the volatility index (VXX) hit its lowest level in 3 months. Does this mean we have a large stock market decline in our future? Over the last 6 months, lows in the VIX have corresponded with tops in stocks. Since May’s spike, it’s been a series of lower lows and lower highs for the […]
But – Dr. Doom does not dismiss Prechter’s call altogether (Details on Prechter’s latest predictions here). CNBC reports on Faber’s outlook in his August 2010 Doom, Boom, Gloom Report newsletter: Marc Faber says before dismissing Prechter as a lunatic you should look at his record. In 1978 when he predicted the Dow would reach 2,300 […]
As a career renter living in Northern California, I felt like I was missing out on a raging campfire of a good time in the housing market from 2003-2005. Prices seemed way too high to me to justify purchasing a home. My wife and I couldn’t afford anything decent…but also couldn’t figure out how others […]
Jim Rogers was on CNBC earlier this week, sharing his thoughts and outlook on Q2 Earnings, the Euro, the future of BP, and more. Some of my quick notes are here, with the 7-minute video below: He says don’t worry about Q2 earnings – that’s history. Looking ahead, he’s skeptical that the good earnings news […]
American consumer spending is a funny thing. For years, throughout much of the 00’s, we watched in amazements as the US consumer went on the greatest spending binge in the history of Planet Earth. First, we spent all the money we had. Then, we spent all the money we didn’t have. We borrowed against our […]
It’s been a little bit since we checked in on what Dennis Gartman has to say about the economy and markets – so let’s get his outlook. Here’s a 5 minute CNBC clip of Gartman weighing in on the taxation policies in Europe and the US. He subscribes to Art Laffer’s supply side tax theory […]
Is it any surprise that among metro areas with populations above 1,000,000, Washington DC has the lowest unemployment rate? The Wall Street Journal reports: Among metro areas with populations over one million, Las Vegas had the highest jobless rate at 14.5% and Washington, D.C. and surrounding suburbs had the lowest at 6.4%. That’s funny, because […]
Wall Street is going crazy for MLPs these days! The safe, stable, dividend yield of a master limited partnership (MLP) is all the rage right now with investors. Which is precisely the reason you might want to steer clear of this sector for a bit. Tom Dyson elaborates in his Daily Wealth column: Whenever you […]
Think your state has the most screwed up budget in the Union? Use this interactive chart to find out where your state’s budget shortfall really stacks up! Source: Wall Street Journal Related reading: Governator puts 200,000 CA state employees on minimum wage Why many states are on the brink of insolvency
Despite the Fed’s money printing (errr, quantitative easing) efforts, inflation is not in the cards yet, according to the M1 Money Multiplier. MULT, as it’s affectionately called, still sits below the magic 1.0 level – and as long as it flounders there, we are unlikely to see inflation, no matter what the Fed does. Because, […]
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