Investing and Trading News, with a Contrarian, Sarcastic Twist!
Fantastic post over at Pragmatic Capitalism about what the current rally in the US dollar means in the ongoing inflation vs deflation tug-of-war: If the chart below doesn’t grab your attention then few things will. In my opinion, the performance of the dollar is the surest evidence of the kind of environment we’re currently in. […]
We’ve been following the Chinese stock market closely, because over the last few years it’s been a “canary in the coal mine” for US equities. The fact that the Shanghai index actually peaked last August, and is now in the process of rolling over, should be a concern to anyone who is long US stocks. Follow […]
At least in the near term, investors may be wise to be a little wary of gold. Reason #71: Abu Dhabi has opened a gold bar vending machine! From Bloomberg: Abu Dhabi’s Emirates Palace hotel opened a vending machine that dispenses gold bars, making the United Arab Emirates the first country outside Germany to install […]
The deflation camp may not be well populated, but I have to say that I really dig the few economists and analysts that are sympathetic to the deflation argument. Perhaps it’s just because we all smoke the same lettuce – but I prefer to think there’s more to it than that 🙂 One of our […]
Last night our Sacramento based Casey Research “Phyle” met to discuss the current investing landscape – which quite frankly appears to be littered with mostly landmines right now! (A couple of months back, our group talked about the scary potential for retirement plan confiscation, how to wire money to Central America, and other offbeat personal […]
It took the market exactly ONE trading day to catch on to our contrarian minded (and thoughtful) opinion of Europe’s bailout plan – that is, that the plan is a complete joke, and is nothing more than merely kicking the can down the road. Stocks and oil both dropped today after starting the day up […]
Here’s my understanding of the Greece bailout plan that was passed today. It’s nearly $1 trillion. It should stabilize Greece for now – credit default swaps on Greek debt tumbled on the news – though from Greece’s perspective, it’s hard to see how this is anything more than “kicking the can down the road”, as […]
Spent part of my weekend reading Bob Prechter’s latest newsletter, which is always thought provoking. The folks on his team were kind enough to allow us to republish this article from the April issue of Bob’s Elliott Wave Theorist. In terms of technical and sentiment analysis, I think Prechter is second to none. He’s been […]
Fellow contrarians know that we’ve been watching the crude oil market for a sign of where this rally may be heading. Right now, crude looks absolutely gassed. It dropped below it’s 200 day moving average last week (yes, the 200-day MA that we love to watch) – and has just managed to bounce up a […]
When the hammer comes down on Europe’s sovereign debt mess, it’s going to be a real doozy. Check out this chart the New York Times ran which illustrates who owes who money in Europe. It’s a complete mess! The best part is that not only do the PIIGS all owe each other a lot of […]
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