Internet Outage This Morning…………2:00 Update added
In a way this was a good day for the system in our area to go down, I really don’t have anything to add to what has been said recently. The 908 – 910 area on the S&P 500 is…Continue Reading →
Archive for June 2009
Yesterday was the Start of Something Serious
We have the benefit of being able to watch daily readership of the website. Yesterday was classic, viewership compared to average was down over two thirds, a telltale sign of a reaction to a big down-day after a sell recommendation. …Continue Reading →
S&P Long Term Views
After a quick glance at the charts this morning I would say it would appear that last year’s pattern may hold, where the gold stocks were the early indicators and the stock market followed it down by about 15 trading days….Continue Reading →
EMA ETF FUND PORTFOLIO 6/11/09
Total Assets $ 1,130,889 ETF Description Value Face Value PBW Green Energy $ 61,537 $ 61,537 PHO Water Resources 22,200 22,200 IGW Semi-Conductors 45,731 45,731 IYW Tech stocks 43,210 43,210 IBB Biotech 51,859 51,859 TLT Long T-Bonds 49,918 49,918 UUP Long Dollar 50,000 50,000 QQQQ …Continue Reading →
Yesterday was the Wanna-Be Inflation Blowoff
The same crowd that orchestrated last years commodity run-up while a recession was unfolding, have tried again this year. It was not quite as successful as last year but it was exciting nevertheless. Over the past 45 days we have…Continue Reading →
Deflation is Still the Operative Word……….with Update at 9:04 AM
In spite of all the talk about inflation and rising commodity prices, the fact remains that gold, oil, and other commodities are rising primarily due to investors with short memories piling into commodity ETF’s to protect themselves. This will end…Continue Reading →
The Dollar Remains the Key Factor
Last week’s upturn of the dollar is the key factor in the playing out of the reflation scenario. Gold and oil will be the losers as this plays out. At the moment stocks are hostages to the overall situation, the…Continue Reading →
Stronger Dollar Scenario Unfolds
We are going to stick with our view that a stronger dollar, weaker commodity phase started last week. With the emphasis by hedge fund managers on the other side of this trade we could see some interesting developments this week….Continue Reading →
Somebody has it Wrong
Maybe it is me, but a stronger dollar/higher interest rate scenario will not be in the same ballpark as higher commodities and stocks at this point in the cycle. The next few days remain crucial in terms of market direction…Continue Reading →
Yesterdays Significance
The most important aspect of yesterdays market change was the rebound in the dollar and the subsequent drop in many commodities and gold on good volume. It will take a couple of days to see if this turn in sentiment…Continue Reading →