Investing and Trading News, with a Contrarian, Sarcastic Twist!
The recent stock market decline has not only been sharp – shedding the year’s worth of gains in a matter of weeks – but it’s also had some very impressive breadth. Bespoke Investment reports that just 4% of S&P 500 stocks current sit above their 50-day moving average. So, everything is getting clobbered! The percentage […]
There are a lot of unhappy state workers grumbling near Contrary Investing / Chrometa Headquarters right now! Arnold “Governator” Schwarzenegger just hit over 200,000 California state employees with a big pay cut – all the way down to minimum wage – until the state budget is passed. The Sacramento Bee reports: Roughly 200,000 state workers […]
CLF – Cliff’s Natural Resources Why you ask? Because it’s THIS GUY’S favorite pick! James Altucher also believes the S&P is heading towards 1500 because “stocks are cheap”. he says the S&P historically trades at 15 times earnings…which is perhaps correct…if you’re talking about bull market tops! So should us contrarians run out and short […]
It’s always helpful, and a good practice, to review investing and trading rules that guided the very best. And Wall Street legend Bob Farrell of Merrill Lynch fame is certainly one of the very best of all-time. How about a guy who was pioneering in his use of technical analysis AND investor sentiment figures – […]
Sick of the ever increasing creep of socialism, and cries to save everyone in the interest of fairness? If you are reading this article, I’m betting that you’ve got more real-world savvy and economic sense than 99% of the rest of the world. And that’s not a self-congratulatory pat on the back (well, maybe a […]
Today, US stocks were not successful in issuing a counterpunch to yesterday’s bloodbath, when there were 11 stocks down for every 1 up. Stocks staged a meager rally after opening – only to swoon late and close at new lows for 2010. As you can see from the chart below, the S&P 500 peaked in […]
For a long while, it felt like the resumption of the stock market decline would never come. But now, it appears that US equities – the final holdout of the ’09-10 “reflation rally” – are once again under some serious pressure. When we last chatted, we wondered if the S&P’s kiss of the 1122 mark […]
Guest article by Alex Daley, Senior Editor, Casey Research Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that […]
The bond vigilantes continue to circle the wagons in Greece. Bloomberg reports: European stocks fell today, led by indexes in Greece, Spain and Portugal. Credit-default swaps on Greece rose 38 basis points to an all-time high of 970 basis points, according to CMA DataVision. Contracts on Portuguese government securities climbed 16 basis points to a […]
One of our FAVORITE contrary indicators is the launch of a new Exchange Traded Fund (ETF). By the time there is sufficient demand for one of these investment vehicles, and it’s actually put together and rolled out, the trend has more often than not already reversed on the investment theme it’s trying to represent. For […]
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