Search completed
On December 5th, I bookmarked Jim Grant’s Op Ed for the Wall Street Journal entitled Requiem for the Dollar. I had meant to blog about it, but got busy, and it actually worked out for the best, as we now have 15 days of trading hindsight since the op ed was published. I should first […]
Our friends at EWI have been kind enough to allow us to republish the following -an excerpt from Robert Prechter’s latest Elliott Wave Theorist. Read on to learn why Prechter advises that you avoid muni bonds at all costs… Individual Investors Have Jumped Into Another FireDecember 20, 2009 By Robert Prechter, CMT First they bought […]
This shot says it all – the “all the same markets” hypothesis is still in play. Why bother with diversification when all the markets move in tandem? (Source: Barchart.com) Hat tip to Robert Prechter, who I believe was the first to point out the increasing correlation between every asset class, as far back as 2004. […]
The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Steve Hochberg and Pete Kendall produce stellar analysis for Elliott Wave International – two of my favorite guys in the biz – here, they take a look at trading volume, and what it says about investor confidence. […]
Growing earnings lead to increasing stock prices. Of course. Or do they? The folks over at Elliott Wave International say this is an old wives tale – and I have to admit, they make a compelling, interesting case. Read on, for an eye opening challenge of this basic assumption! *** Earnings: Is That REALLY What’s […]
OK, maybe a bit of a sensationalist headline, I’ll admit 🙂 I used to be a fundamental only kind of guy, leaving the technicals and chart reading to the spooks and mystics…only to become a wannabe chart reader myself 🙂 In truth, I see great value in both types of analysis, so I don’t want […]
To say that consumer credit is contracting in the United States may be a bit of an understatement! Can you spot the trend in consumer credit? Contracting credit is the crux of Robert Prechter’s deflationary thesis – something we’ve been discussing at length in this space. How about another haiku to summarize? Credit’s going poof […]
Let’s join monetary expert Terry Coxon for a (comically?) detailed look at the Fed’s current balance sheet. I’ll give you a hint: yikes! I’d rank Coxon as one of the foremost experts on monetary policy and its effects on the economy. You may recall his name from a classic book he co-authored with the great […]
Trading is tough – really tough. When you’re making money, it feels like the easiest thing in the world. It’s a great feeling – almost intoxicating, really. Like you’re printing money from nothing! Then, inevitably, you get cocky. And you lever up. And sooner or later, a trade goes against you…or two, or three. And […]
I have to admit – I think the Great Deleveraging permanently seared my psyche. I haven’t been the same since. It’s for the best. Until you live, and invest, through an event like that, I don’t think you can appreciate the awesomeness of the destruction. A history book just doesn’t do it justice. When it […]
Recent Comments