Like my whiny children, who after 30 minutes into a 6 hour car drive, investors are asking themselves, “Are we there yet?” After all, the SP500 is down a little over 8% from their highs in the past 3 weeks, and investors want to know if the selling is done and if this is a time to buy. Of course, it was only 3 short weeks ago that we were [...]
For weeks now, I have been using phrases in these weekly articles on sentiment like “the best, most accelerated gains are behind us” and “we are closer to the end then the beginning”. When we look at the charts, the SP500 has been essentially flat for the past 8 weeks, so every now and then, I guess I can get it right. If you have been a buyer over this [...]
Absolutely nothing beats the yield on 1 year Greek government bonds which is now a very satisfying and profitable 1,006.66100% – a new record high – after opening at 971.12000% for a gain today of 10.77%. Never before in the history of the modern world have we sent bond yields in excess of 1000% . Get in now while you can on this spectacular record breaking investment opportunity of a [...]
Forgotten how much fun it is to interpret Alan Greenspan’s seemingly indecipherable 1024 bit cypher during Q&A? Today, the ECB’s Trichet, in a surprisingly incomprehensible press conference filled with equivocation and indecision, reminded everyone just how fun translation central planner talk can be. Luckily, SocGen’s James Nixon has released a note helping us make some sense of Trichet’s message. In addition, SocGen has [...]
BOSTON (MarketWatch) — Copper is booming. Oil is booming. Cotton is near historic highs. Soaring raw-material costs are driving up prices for consumers, from the gas pumps to the grocery aisles. And speculators are taking record bets that prices are going to keep going up even higher.
Kasper Kierkegaard, an analyst at Danske Bank, reports from the futures markets that the speculative net bullish positions on many [...]
IÃ¢â‚¬â„¢ve got people such as my barber and my neighbor who never talked finances before giving me stock tips. I turn, politely smile and say I donÃ¢â‚¬â„¢t invest in the stock market knowing full well that when barbers and shoeshine boys start handing out stock tips, the market has lost itÃ¢â‚¬â„¢s sense of objectivity.
IÃ¢â‚¬â„¢m in cash and intend to stay there until we get the sign that the Government will [...]