Investing and Trading News, with a Contrarian, Sarcastic Twist!
Our good friend JL sent this laugher along from The Economist…is it any wonder why old media financial coverage is heading towards extinction? The Economist reports: The behaviour of American consumers has been rather confounding of late. Early in the year, retail sales were surprisingly strong, even as labour markets remained exceedingly weak. Recently, however, […]
Regular readers know that our Contrary Investing stance is that we believe we are still in a secular bear market – one that most likely began in the year 2000. Bear markets typically last roughly 14-18 years or so. Which means it’s unlikely we saw a bottom in March 2009. Furthermore, price-to-earnings and other valuation […]
Fellow contrarians know that we’ve been following the Baltic Dry Index as a leading indicator of the Reflation Rally for some time now…in fact, we’ve been watching it with a wary eye all the way since last August! Well, topping processes can often be long, drawn out events. It looks like this has come to […]
Forex Playmaker reports that the 3-month Libor rate for US dollar reached an 11-month high today: The closely watched 3-month Libor rate for US dollars reached an 11-month high today, following Moody’s latest Greece ratings cut issued yesterday. Libor for 3-month dollar loans rose to 0.539% today from 0.537% yesterday. The present rate is the […]
The 1st paragraph says it all – from the Wall Street Journal Online (emphasis is mine): President Barack Obama will use an Oval Office address Tuesday night to outline his plans for cleaning up the Gulf oil spill, compensating victims, getting tough on the offshore oil industry and enacting new policies to reduce U.S. oil […]
What exactly causes deflation – and more specifically – debt deflation? It’s something few investors seem to have a solid grasp of. Debt deflation sinks in when there is a lot of debt outstanding – and it goes unpaid, up to “money heaven” – never to be heard from again. Japan has been in a […]
After Friday’s close, we muttered about our current S&P 500 short position – and while the entry was certainly mistimed from a short term perspective, we do expect this position to be a winner eventually. At least that was our thinking going into a nice summer weekend of beer drinking and pool carousing. And now […]
Looking for a short play that could do well no matter what the broader markets do? You might not need to look any further than PBW – an ETF play on clean energy. Our pal Brian Hunt writes in his always excellent Market Notes column for Daily Wealth: Most clean energy companies are based on […]
Jim Rogers was a guest on this week’s edition of the Financial Sense Newshour with Jim Puplava. It’s a great interview – which you can listen to here. (Note: If you’re reading this post later on, you may need to search for the June 12, 2010 episode through the archives). Sometimes Jim’s CNBC interviews can […]
On cue, right after we proclaimed the S&P 500 was unable to stage a sustained rally – the S&P 500 did the unexpected, and staged a somewhat sustained rally. So here we sit at 1091 – some 41 points above our initial short entry (doh!). It’s a bit of a shame – this is the […]
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