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With cattle prices hitting all-time highs, I decided to take a look at the broader causes for the trend – both short term and long term. To read the full article, please hop over to Hard Assets Investor. *** Where’s the Beef? Cattle Prices Hit All-Time Highs Cattle prices are at all-time highs, thanks to […]
Regular readers know that we’ve been keeping a keen eye on rough rice ever since Jim Rogers said “if rice went down, he’d buy more.” That prompted me to take a look at the supply/demand fundamentals of rice, and conclude that things were teed up for a potential rally in this unsung grain. A recent […]
Not much new on Wall Street today – another lazy day in late summer. Stocks continue to churn on anemic volume just above key support levels: The S&P continues to mill about just above its key support at 1040. (Source: StockCharts.com) Meanwhile, it seems like most investors are well aware of the fact that September […]
Since the stock market put in a short term bottom a couple of weeks ago (thanks to overwhelming pessimism), the mini-rally since has been a one-way street UP – until today. This has been the trend of the market since about 2003 or so – it’s either up for many consecutive time periods (like 2003-2007, […]
Not much of note today, as we saw a very lazy summer trading day. Are some fireworks just around the corner? Some thoughts for the rest of the trading week: NYSE decliners led advancers today by about 2 to 1 (Source: Seeking Alpha) – a sign of things to come? Earnings season is kicking off […]
On cue, right after we proclaimed the S&P 500 was unable to stage a sustained rally – the S&P 500 did the unexpected, and staged a somewhat sustained rally. So here we sit at 1091 – some 41 points above our initial short entry (doh!). It’s a bit of a shame – this is the […]
What a pathetic showing by the S&P 500. It’s been completely unable to rally despite an extremely oversold condition. Our original price target for the S&P rally was 1091-1123. We rallied into the lower end of that range, reversed, and that was it. When stocks can’t maintain a countertrend bounce (and also when that bounce […]
What a way to end the week! The bears, and more importantly, the much feared deflation bird are back in charge. For how long? Yesterday, we took stock of the situation, and surmised that while the mini-rally on the S&P 500 had gone as far as it needed to. So we figured the odds favored a […]
Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally. In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]
As I write this about 90 minutes before the closing well, markets opened lower and continue to languish, with declines slightly outpacing advances. This is only notable because markets are already severely oversold – at least by common metrics. So, while astute traders may have anticipated a bounce today, that has not yet materialized. I have […]
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