Search completed
Nouriel Roubini thinks that commodities and equities have gotten ahead of their fundamentals – now pricing in a “V-shaped” recovery, which Roubini thinks is unlikely (I agree). Here’s an interview with Roubini conducted by our friend Lara Crigger at Hard Assets Investor. Well, in my view, commodity prices have increased since the beginning of the […]
Crude oil has broken through the $80 mark once again – trading as high as $82 – before settling back in after hours trading due to “concerns about the US economic recovery.” Not even joking about that one. Crude’s on the loose! (Source: Barchart.com) Meanwhile the Chinese equity markets – the poster child of the […]
Move along everyone, no depression to see here – so says Christina Romer, the White House’s chief economic adviser. Yes, the same adviser that recommended massive debasement of the US dollar to get us out of this mess. Christina Romer, chair of the Council of Economic Advisers, said Tuesday evening the main difference between last […]
Is the Chinese stock market. Gold is hitting record highs, oil is breaking through to yearly highs, the DOW and S&P are hitting recent highs – but the Shanghai Composite languishes… China: Taking a breather, or rolling over? Source: Yahoo Finance Do Chinese investors know something we don’t? You may recall that Chinese markets turned […]
These days, diversification is pointless. You only need one position in your portfolio – because all the markets are trading together. To illustrate this point, check out this chart of the S&P 500 vs. the Dollar Index since Spring 2008: The dollar and S&P – mirror images of one another (click to enlarge). (Source: Google […]
I saw a familiar sight on the charts today – green for the dollar, and red for just about everything else. This was a very common sight last fall and winter. This currency picture, courtesy of Barchart.com, used to be an all-to-familiar one. Then when the famous “March 6” lows held, and spring sprung, we […]
Mark Twain famously said “History doesn’t repeat itself, but it does rhyme.” Several weeks ago I observed that we appeared to be exactly on the pace with 1930. From the stock markets furious rally, to the Fed generating inflation fears, to the self-congratulatory economic comments of leaders proclaiming “the worst is over”…it all seemed to […]
Famed hedge fund manager and Silicon Valley guru Andy Kessler says this is a sucker’s rally…you can’t print prosperity, it comes from productivity. “Bernanke’s cranking the handle on the printing press to help the public fund the bank problems instead of the US government…as soon as he stops cranking the handle, the bottom falls out […]
William Hester from Hussman Funds put together an excellent analysis about how surprises in key economic data can drive the stock market – both up and down. As you might think, the stock market goes up when economic data comes in better – or in the current case, less bad – than expected. And vice […]
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 […]
Recent Comments