Investing and Trading News, with a Contrarian, Sarcastic Twist!
Thinking about trading in your clunker for cash? Log in at your own risk! Glenn Beck takes a close look at the Cars.gov website – which has a sneaky disclaimer waiting for you, my friend!
How Low is Dollar Sentiment? Not as low as I expected, according to an ad hoc reader survey we conducted this week. Earlier in the week, I read that the percentage of dollar bulls was reported to be under 10%, indicating that the dollar may be setup for another long, powerful rally – with sentiment […]
Anyone want to puchase debt at an artificially low interest rate from a party that’s highly unlikely to be able to pay you back? Anyone? Surprisingly…you’re not alone! The Treasury auctioned off another $39 billion last Wednesday (it’s crazy that we get immune to seeing these huge numbers) in an auction that “drew poor demand.” […]
In this week’s installment of Conversations With Casey, Doug’s doing a little yardwork…moving down those pesky green shoots! The stock market may be up, but are economic conditions really improving? Also – who the heck is going to buy all the debt the US Treasury is issuing? Enjoy this week’s bearish rant, courtesy of the […]
The screens were flashing all green today, as our noted “all or nothing” trade resulted in everything moving up today! Except for? The dollar, of course! This screen shot from Barchart.com reflect a bull market in, well, everything! Of note, Treasuries were up today – who the heck is still buying these things? A mystery […]
This morning, the US Department of Energy reported, well, HUGE inventories in oil. Oil’s decline hastened on the news. I’m wondering if oil has placed in its short term top, on it’s way back down to the $40 range, or perhaps lower (maybe even $20 as predicted here?) After rallying north of $140 last summer, […]
In the inflation/deflation debate, there’s certainly no shortage of moving parts factoring into the outcome. Thus, I have to admit that although I’ve been leaning towards the deflation side of late, at the end of the day I don’t have a clue (nor does anyone else, honestly). One strong argument on the inflation side is […]
In honor of our ongoing bear market rally – which appears to be getting a bit long in the tooth to say the least – I thought we should channel the wisdom and charisma of the legendary Peter Tomarken. You may remember Peter as the host of classic 80’s game show Press Your Luck. In […]
CNN reports that states are digging deep to repair budgets that appear beyond hope. Republican Jack Murphy, a Georgia state Senator, proposed a “pole tax” that would have charged club patrons a $5 entrance fee. Doesn’t Jack realize that the cab drivers will all have $5 off coupons for the dudes they drop off? Fortunately […]
It’s another “all or nothing” day in the markets – with equities down, the US Dollar and Japanese Yen are, of course, up. This time joined by – surprise – our old friend, the Australian dollar (ugh – got chased out of that position too early đ ) Looking at a 6-month chart of the […]
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