Investing and Trading News, with a Contrarian, Sarcastic Twist!
Here’s an update on the government efforts to revive the economy…courtesy of The Onion, here’s your afternoon entertainment! Obama To Hold Job Performance Review With Every American Worker
We’ve been discussing market and societal cycles in great detail recently, as we try to uncover clues as to how this current mess is going to continue to unfold. History may not always repeat, but to quote Mark Twain, it certainly rhymes. I have little doubt that we are now in a secular bear market […]
Whoa, check this out…a nifty “US National Debt Clock” that was neatly crafted by a concerned, fiscally responsible citizen. Warning: You may crap your pants. And a must see deficit video…Press Secretary Gibbs says “billion” instead of “trillion”…and is quietly corrected.
Nice scoop by the Daily Crux – Richard Russell’s comments about current dividend levels…or lack thereof! The second quarter of 2009 was a dismal one for corporate dividends. Standard & Poor’s recorded an all-time low of 233 dividend increases plus resumptions and extras. During the April through June period, the 7,000 publicly-owned companies that S&P […]
It’s Christmas in July! Maybe not quite, but I do derive similar (twisted?) satisfaction whenever an email from our local real estate agent pops into my Inbox! Yes, you may remember our friend from past gems like the dumbest explanation of inflation – ever. Well she’s back…and making less sense than ever before. Without further […]
Uh oh, looks like a nasty wave of deflation may be coming back to the markets in a big way! Last time we saw this movie, just about everything except for the US dollar was completely ravaged. I sold my two remaining futures positions this morning, and now have moved most of my assets into […]
Who would have predicted the day when California would be paying it’s bills with IOU’s, while Brazil is stockpiling it’s reserves? If you did, congratulations…and get ready to cash in that longshot ticket! Sean Hyman reports that Brazil’s debt rating is now inching higher than California’s plummeting credit rating. In fact for some great insights […]
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 […]
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