Investing and Trading News, with a Contrarian, Sarcastic Twist!
If you’re looking for a sound perspective on the latest Wall St firm meltdown, take a look at Andy Kessler’s latest article for Forbes.com, where he compares the shut down of Lehman to the shut down of the old Pan Am Airlines – as in, nobody is going to miss them. Andy is about as […]
A special Blogging the Commodity Bull Market shout out to my good friend Lance, who works at a prominent New York investment bank. Lance (name altered to protect the innocent) is a regular reader of our blog, though he is strictly forbidden from commenting whatsoever due to his professional ties. Via a text message exchange […]
“Governments and politicians do not understand markets and they are making the situation worse by trying to impose controls on the markets,” Jim Rogers commented in a recent speaking engagement. Rogers also expects coffee, sugar, and cotton prices to rise sharply. Sees upside for zinc and silver prices Has no plans to sell gold Intends […]
There are no markets anymore, just interventions – Chris Powell, GATA I cannot phrase the current state of the global markets any more succinctly than Chris Powell did in the title of his fantastic article for GATA.org. First, let’s consider this Bloomberg report that the US, Europe, and Japan devised a plan to prop up […]
Legendary investor Donald Coxe is one I follow closely. I would highly recommend his latest conference call where he discusses the global economic environment, and comments on potential ramifications of the government’s Freddie/Fannie interventions. He also has a fantastic Canadian accent that really adds to the fun. My notes from the call: Financial system is […]
Could very well be – I’m not taking any chances. I just closed out my two British pound short positions – I don’t want to stand in the way of a “gap up”. I can’t figure out why this is triggering such a reaction – what exactly was the market expecting regarding Freddie and Fannie? […]
The battle between inflation and deflation continues to rage on, with deflation mounting a very impressive counterattack. Check out this chart of last Thursday’s single day sector returns, courtesy of Agora: It’s challenging, to say the least, to make money investing when EVERYTHING in EVERY market is going down. This is the classic deflationary nightmare […]
Now THAT’S the way you trade! Two solid weeks in a row – I’m feeling good about things, back in control, following trends like I should be. A review of my trades from the week that was: Closed out my Coffee long position – I closed this out on Thursday just north of the 143 […]
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