Investing and Trading News, with a Contrarian, Sarcastic Twist!
Nice video on CNBC featuring economist David Rosenberg…I really enjoyed his insights here, and would highly recommend a watch of this piece. Rosenberg believes this recent rally has priced in good news up until 2011 or 2012…and thinks 650 is a generous fair value for the S&P based on current fundamentals. He also thinks the […]
Having trouble keeping track of the government’s runaway spending. You’re not alone! Check out White House Press Secretary Robert Gibbs, as he talks about the budget deficit in “billions” mistakenly…and is later corrected that he should have said “trillion.” Hat tip to The Casey Report for their link to this amusing gaffe.
The Wall Street Journal reports that the Commodity Futures Trading Commission is considering introducing position limits for “all commodities of finite supply.” Uhhh…wouldn’t that just be all commodities? Anyway, let’s get a quote from CFTC Chairman Gary Gensler: “My firm belief is that we must aggressively use all existing authorities to ensure market integrity.” Sounds […]
Our friend Tom Dyson over at DailyWealth says that something may be happening in the world of lumber, according to one of his industry sources…Tom writes: I have an “on the ground” contact who’s seeing something else altogether… Don runs a large lumber supply depot outside Orlando. Last week, he sent me a “special commodity […]
It might be time for us to grab a pint…and short one of our favorite whipping boys once again. The British Pound – the only currency that may actually be sicker than the US dollar (two turds circling the bowl really) – looks like it’s recent rally may be running out of steam. Grab a […]
If there’s one thing to say about the crude oil market, it certainly trends well…both ways. Check out this chart: Crude oil takes a turn lower. (Source: Barchart.com) We’ve been hearing energy gurus for weeks scratching their heads, saying there’s plenty of crude to meet demand today. But prices kept on climbing. Well, now prices […]
Welcome back from the long weekend – I hope you had a great 4th celebration. Even us folks who are not so keen on the Federal Government can appreciate many of the founding values of our country…despite how frustrated it is when Constitution seems to be a forgotten document…in a world where “whatever it takes” […]
Just caught the latest Marc Faber TV interview on Bloomberg. Some quick notes on his thoughts: Believes the March 6 stock market lows were major lows for awhile If the S&P drops towards 800, we’ll see new stimulus plans and loose money…and if it drops towards 700, we’ll see even more…thus the lows are likely […]
Nice dive into the current technicals of gold by commodity expert Brad Zigler at Hard Assets Investor. Brad takes a look at Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and good old fashioned Volume. Down to earth explanations of these indicators can be tough to come by, but this piece will give you […]
My dad, regular blog reader and link contributor, just sent me a classic “stocks for the long run” article, published over on Fidelity.com. This piece is a real gem – with the author genuflecting at the feet of the chief stock cheerleader himself, Mr. Jeremy Siegel, author of Stocks for the Long Run. We’ve even […]
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