Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Not much of note today, as we saw a very lazy summer trading day. Are some fireworks just around the corner? Some thoughts for the rest of the trading week: NYSE decliners led advancers today by about 2 to 1 (Source: Seeking Alpha) – a sign of things to come? Earnings season is kicking off […]
I put debate in quotes because I think Krugman is a joke, and I can’t believe anyone actually reads his stuff for anything other than pure entertainment. On Yahoo’s Tech Ticker, Niall Ferguson fires back with his side of the story – which is based on actual economic history, rather than Keynsian “pie in the […]
Save the Virgins! By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it regularly transported revelers on junkets between New York and Havana. Then, on the night of […]
Live from Encore Beach in sunny Las Vegas! Casino and Vegas Strip Mogul Steve Wynn delivers a stellar 5-minute rant about the Fall of America, thanks to the joker politicians in Washington. This is a beauty. Enjoy! Wynn was reported to be moving his headquarters over to Macao, due to the unfriendly business environment in […]
My good friend Carson, who currently resides and works in Silicon Valley, sent along an editorial from Sunday’s San Francisco Chronicle advocating political independence for the Bay Area! It is clear that Sacramento can’t solve California’s problems. It is also clear that California’s voters are unwilling to force real change, preferring merely to add to the […]
Marc Faber was Jim Puplava’s guest on the Financial Sense Newshour this weekend. You can listen to Faber’s interview here. Some quick notes: Faber on Leverage He advises against the use of leverage for most investors, because a small move against you can wipe you out entirely While he believes the gold bull market probably […]
This headline is starting to become a recurring theme. US consumer credit is in freefall – because, as we all know, the American consumer is FLAT BROKE! BusinessWeek reports: Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the […]
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