Investing and Trading News, with a Contrarian, Sarcastic Twist!
In Jeremy Grantham’s latest quarterly newsletter (which is always a must-read, IMHO), he says he’s throwing his hat in the deflation camp for the near future, at least: Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future at least, his adversary in […]
On Thursday I was en route to Montreal for a wedding, and as luck would have it, I received a phone call from Martin Mittelstaedt from Canada’s Globe and Mail. Martin was working on a story about deflation investing for Saturday’s globe – a very well-timed piece given the latest CPI numbers, and Friday’s slaughter […]
Since the stock market put in a short term bottom a couple of weeks ago (thanks to overwhelming pessimism), the mini-rally since has been a one-way street UP – until today. This has been the trend of the market since about 2003 or so – it’s either up for many consecutive time periods (like 2003-2007, […]
Silicon Valley author and visionary Andy Kessler gave a great interview with TechCrunch on the state of the economy and the future of innovation. It’s a great watch – the 5-part series is embedded below (hat tip: TechCrunch TV) If you’re not familiar with Kessler, you should definitely check him out. He’s a super smart […]
Coffee’s been one of the hottest commodities on the board to date in 2010 (remember, the broader CRB Index peaked in early January) – can everyone’s favorite pick-me-up continue it’s run? The supply/demand fundamentals are very intriguing, writes Julian Murdoch for our friends at Hard Assets Investor. Coffee demand has doubled in the past 10 […]
Our new favorite money manager is Hugh Hendry – the only thing better than his financial insights are his one-liners! (see Hugh: “I would recommend you panic”) In this interview, Hugh shares his take on George Soros’ socialist tendencies, and identifies an “Axis of Financial Evil” in Europe. He also likes the play of shorting […]
Some bulls are claiming the S&P is now cheap by historical standards (ironically after a record rally in stocks that made them more expensive!) Their shouts of bullish fundamentals are erroneous, according to acclaimed fund manager John Hussman. In his latest market commentary, Hussman writes: On a valuation basis, the S&P 500 remains about 40% […]
Earlier today, we pointed to a nice piece of analysis from fund manager John Hussman, who essentially told stock market bulls to “get a grip on reality”, because the S&P is 40% overvalued according to his calculations. To me, this is the crux of the entire bull/bear argument. Beyond technicals, or earnings, or anything – […]
Intel’s stock is flying high after hours today! Shares are up over 8% right now, as the company reported record profit margins, a 34% jump in revenue, and an across the board cheery outlook that’s got investors feeling pretty jolly. So what’s the deal – many of us were waiting for the next shoe to […]
Real nice post by Mish Shedlock over on his always excellent blog entitled Are we “Trending Towards Deflation” or in It? I know many readers share my view on the inflation/deflation debate – namely that because we have a credit based economy, the Fed is relatively powerless to stop inflation. If that’s your take, then […]
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