Investing and Trading News, with a Contrarian, Sarcastic Twist!
This clip from The Colbert Report is absolutely hysterical, as Stephen Colbert introduces somewhat contrarian investment portfolio recommendations from “Prescott Financial”. Enjoy! The Colbert Report Mon – Thurs 11:30pm / 10:30c Prescott Financial Sells Gold, Women & Sheep www.colbertnation.com Colbert Report Full Episodes Political Humor Economy
A few months back a friend mentioned an obscure trading book to me, citing it as one of the best trading books he’s ever read, despite the fact that very few people have ever heard of it. Since this guy is a top notch trader in his own right, I made a mental note to […]
On Sunday, I mused that one of my deepest concerns about being bullish on the US Dollar is that I’m on the opposite side of the trade from Jim Rogers, who thinks the buck is doomed. Not so, pointed out astute reader Sibbie via email, citing a recent Rogers interview in BusinessWeek: Q: How much […]
So Gold CAN Still Go Down, After All Last week was shaping up to be another banner one for gold, as the old relic kept on climbing, day after day…that is, until it stopped. Gold’s one-way rise experienced a sharp setback on Friday, dropping nearly $50 on the day, and over $60 in intraday measures. […]
Tom Dyson, one of my favorite investment writers/analysts, is also one of the very few lone soles left in the debt deflation / dollar bull camp (last one out, please turn out the lights!) Last week, Tom penned an article that I thought articulated the case for a near term dollar rally brilliantly – and […]
You know a top just HAS to be near! I know I’ve been early on this call – or wrong (same thing) – for a few months now. But this had to take the cake. There I was, tying the laces on my sneakers, getting ready to walk my dog Banjo on this crisp, cool […]
Dubai’s Meltdown The Thanksgiving holiday is traditionally a very slow time for the markets…not so this year! Dubai rocked the financial world with its announcement to debtors that it needed a bit more time to make good on outstanding debt payments. Uh oh – here we go again? Global markets reacted quite violently to the […]
The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors “peel away” from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, […]
This shot says it all – the “all the same markets” hypothesis is still in play. Why bother with diversification when all the markets move in tandem? (Source: Barchart.com) Hat tip to Robert Prechter, who I believe was the first to point out the increasing correlation between every asset class, as far back as 2004. […]
Did the intermediate top in stocks occur earlier this week? We won’t know for sure for many months, but it certainly COULD have been. The rally has been running on fumes for month, yet still moving upwards despite the naysayers (such as myself), as the S&P pushed above the 1100 mark (raise your hand if […]
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