Investing and Trading News, with a Contrarian, Sarcastic Twist!
Legendary investor George Soros, co-founder of the famed Quantum Fund with Jim Rogers, told Bloomberg: “It’s a bear-market rally because we have not yet turned the economy around,” and reiterated that this financial crisis is worse than anything we’ve seen in our lifetimes. Marc Faber is also quoted in the article, saying the S&P index […]
The next leg in the commodity bull market may have started, writes Jeff Clark of Growth Stock Wire. “In the commodity sector, you don’t get a more bullish sign than when the 20-day moving average crosses over the 50-day moving average.” Clark, one of my favorite traders, writes that the last time this happened, in […]
It’s scary to think that the $1.8 trillion deficit estimate for 2009, issued by the Congressional Budget Office (CBO), could be wildly conservative. But if you pick apart each assumption made by the CBO – as Casey Research CEO Olivier Garret does in this guest article – you’ll see that this estimate is really a best […]
On Wednesday I came across this fascinating analysis about the debt spiral the US now finds itself in, written by Professor Antal E. Fekete at the San Francisco School of Economics. I asked Prof. Fekete permission to republish his article here, and he was kind enough to grant my request. Hope you enjoy this piece. […]
Source: Steve Sack, Minneapolis Star Tribune Thanks Steve for allowing us to republish!
In this guest article, Stratfor’s George Friedman details the underlying rifts heading into the G-20 summit – primarily between the “bailout/stimulus” brothers US and UK, versus France and Germany, which are not laying on stimulus packages of their own, but being export driven economies, are benefitting from the UK and US charity plans. The […]
Jack Crooks, one of the most successful currency investors of all-time, told DailyWealth’s Steve Sjuggerud that he believes the US Dollar will perform quite well over the next few years. We take a contrarian view. We’ll get nervous when everyone loves the dollar. In our view, since people still don’t like the dollar, there are a […]
Corn and soybean futures each jumped roughly 5% today after the USDA released its Planting Intentions Report. Some quick highlights from the report reveal that there appears to be plenty of corn and beans coming our way, but cotton will continue to be neglected, as we had anticipated. Corn acreage is down 1% from last […]
Rick Wagoner is out as CEO of Government Motors, per an edict handed down from the Obama administration. Not that Wagoner didn’t deserve to be fired (he did – many times over)…but does it bother anyone else that the government is now firing private sector employees?
Here’s a short interview Marc Faber gave for Bloomberg recently (week of March 23rd), where he gave his current thoughts on US equities and Treasuries: Faber’s thoughts: Markets became extremely oversold on March 6, when the S&P touched 666 This rally may have some more legs, because the government is printing money – so asset prices may rise […]
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