Investing and Trading News, with a Contrarian, Sarcastic Twist!
Yesterday we mused that a turning point may be appearing in the markets, as indicated by the negative divergences that are popping up. In a rare act of God, we were right! Well, at least for a day. And they’ll never be able to take that away from us. Stocks, commodities, and just about everything […]
Perhaps the most visible social mood trend today is the extreme backlash against Wall Street by “Main Street”. If you want to rally someone on your side at a cocktail party – provided you are anywhere but New York City – a sharp comment denouncing Goldman Sachs will probably win you a sympathetic friend! We […]
We’ve written a lot about the outlook for the Euro and the Eurozone recently, and any way we slice it, it sure doesn’t look good! Perhaps fellow contrarians David Galland and Kevin Brekke can find a silver lining to these dark storm clouds? Read on to learn more… *** The Euro Is Screwed By Kevin […]
Asset prices are continuing to decouple, slowly but surely, it appears. Today, equities and energy were up big – while the rest of the commodity sectors had a bad case of “The Mondays”: Why is this potentially significant? Because markets have been moving more or less in tandem for 5 or 6 years now – […]
The Chicago Board Options Exchange publishes a daily report detailing open put vs. call option positions of traders. Since this represents bets made on stock prices rising vs. falling in the near future, it’s an interesting gauge of sentiment. Today I pulled this data since 2004 from the CBOE’s website, and plotted the 200-day simple […]
While oil has been on a tear during the reflation rally, it’s cousin natural gas has not received the same love from traders. “The Natty”, which currently is languishing around $4, couldn’t be hated more, writes Steve Sjuggerud for DailyWealth: Specifically, right now, there are more bets against natural gas by large speculators than there […]
The great Milton Friedman famously predicted in 1999 that Europe would not survive it’s first economic crisis – it’s looking more and more like Uncle Milt is going to be right on the money. The debt ratings of the PIIGS are going down faster than a stack of dominoes, with Spain being the latest Club […]
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 […]
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