Investing and Trading News, with a Contrarian, Sarcastic Twist!
We’ve been watching Chinese stocks very closely for almost a year now, because the last time the markets all tanked, China led the way. Since retracing a standard fare Fibonacci amount of their previous losses, Chinese stocks actually put in a top last August, and since have been making an ominous set of “lower highs” […]
“Be fearful when others are greedy” – Warren Buffett Earlier this month, the VIX, a commonly used measure of stock market volatility, hit an 18-month low. We wrote at the time: As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a big way. So a breakout on […]
Gold is one of the lone green spots on the screen today, as the markets get clobbered across the board. You could cite the latest sovereign debt downgrade, but in reality, this is not exactly breaking news by any means. Any trader with a few working brain cells saw this writing on the wall. In […]
I’m always on the hunt for contrarian indicators – sometimes too much so, my friends and loved ones may argue (like when a hot bartender floored me with her monetary acumen) – but I just can’t help myself! So I got to thinking – these days when people have something on their mind, what do […]
The man who proclaimed the subprime problem was “contained” in March 2007 (after which Jim Grant hilariously quipped “yeah, to planet earth”) – is back in the news again with another “guru moment”. The Wall Street Journal reports: The U.S. economy should continue to recover at a moderate pace this year, but it will take […]
If you’re stocking up on precious metal bullion in preparation for Financial Armageddon, at least you’re not alone! Casey Research’s Jeff Clark reports that silver sales are exploring, and he also explores why that may be… *** Why Are Silver Sales Soaring? Jeff Clark, Senior Editor, Casey’s Gold & Resource Report The U.S. Mint just […]
Here’s the latest Jim Rogers interview on Bloomberg: http://www.youtube.com/watch?v=c-vd1-Ec2FY A short bit with another clueless interview, so there’s not too much new: Still likes commodities for another 5-10 years (based on the secular bull market beginning in 1999) Thinks gold will top $2,000 by the end of the decade, thanks to money printing Jim notoriously […]
Late last week, our good friend and fellow deflationist Carson sent over a link from Mish Shedlock’s blog, reporting a sharp annualized decrease in consumer and revolving credit. I just plotted the Fed’s historical data since 1978 (which I chose because there was a single quarter anomaly in 1977 that I didn’t feel like dealing […]
No Fear, Again: Market Participants Are Opting For Extra Yield, Risk Be Damned Last week, a buddy from college sends me an email: “Hey, I got a little bit of cash sitting around, earning next to nothing in a savings account. Anything you’d recommend to get this cash working for me?” “Not really – everything […]
About a month ago, Marc Faber told Bloomberg that we could easily see a correction of 20% if the S&P topped 1150 and approached 1200. Well, it seems like we’re just about there, so we’ll see how Faber’s near term musings fare in the weeks ahead. You can check out a video of Faber’s Bloomberg […]
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