Investing and Trading News, with a Contrarian, Sarcastic Twist!
When it comes to deflation analysis, nobody does it better than Robert Prechter and his team at Elliott Wave International. The folks at EWI were kind enough to let us syndicate this excerpt from Bob’s recent Theorist newsletter, highlighting deflationary signs that the average investor may be missing. Signs of Deflation You Might Not be […]
Richard Russell’s not in the mainstream news that often – so when he is, my interest is certainly piqued. To my knowledge, Russell has been short term bullish throughout much of this reflation/retracement rally. It looks like he’s close to donning his bear cap, though. Bloomberg reports: “If the May 7 lows are violated by […]
If you consume a portion of your news from the mainstream media, it’s not easy to keep your head on straight. Separating the core facts from the nauseating spin of the financial media is not easy! And by the way, I’d even group the Wall Street Journal in with the other mainstream rags. Murdoch is […]
So far so good on that short S&P 500 position we initiated Wednesday afternoon via the futures market. We had a beautiful nosedive in equities yesterday – it was truly breathtaking, really – followed up by a somewhat muted rally that didn’t get going until late in today’s trading day. Heading into Thursday’s trading, the […]
Regular readers know that I’ve been anxious – TOO anxious – to short the S&P 500. The reflation rally was determined to “end when it ends” – and not a moment sooner. Although we are still trading above the magical 200-day moving average, I have to believe that the odds are that the current trend […]
Thanks to good friend and fellow deflationist Carson for sending along the latest CPI numbers, which were released this morning. Inflation? Where? On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Take away food and energy, and the deflation […]
The big financial news today is that Germany is taking steps to ban naked short selling. This was the “reason” stocks and the Euro were down today – at least according to the financial media. Which got me thinking – governments usually enact these types of bans in times of desperation. At least that was […]
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 […]
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