What is behind this? There seems to be no limit on speculative money spilling out of the government. It seems like the lesson is, government deficits don’t count. Likewise the Federal Reserve balance sheet appears to have no limit funding…Continue Reading →
To me this is a reminder of silver in the early 1980’s when Bunker Hunt pulled his hat trick. Old timers know how that ended. Here is a monthly S&P chart going back to 2009 bottom. Note that there is…Continue Reading →
Our View For the many reasons we have elaborated on at length for almost the past two years, our Fracture strategy was keyed on the January 2018 Fracture event. Essentially we started with short positions and added to them based…Continue Reading →
The Stock Market Top One could make the case that the start of the Stock Market Top was the January 2018 fracture time. The average for that month was 2713 on the S&P. Swing Extremes Since The S&P extreme prices…Continue Reading →
The Crash, That IS Our view is that we are seeing an elongated Cyclical top in the stock market. The reasons have been elaborated on at length since the January 2018 Fracture date. Nothing fundamentally seems to make a difference….Continue Reading →
Interest rate Blip The interest rate blip is now firmly is place, and as we have outlined since we dumped our long held bond position on June 20 2019, we have expected a slow upward pressure on rates to the…Continue Reading →
Bigger Fish to Fry This week the markets will be looking at a lot more than earnings, which year over year have been dismal, but through stock buybacks and lowered expectations are being touted as great. Macro Political Scene is…Continue Reading →
The Setup As we watch what Alan Greenspan liked to call the “Conundrum” evolve, we are witnessing an unusual amount of quietness (directionless low order chaos) in the markets. It is becoming more obvious that the market really did throw…Continue Reading →
We have been waiting since January 2018 for a setup to develop that would add up all the data points. We got it today. The FED has learned its lesson, they see increasing government deficits as the key risk going…Continue Reading →
What is a Bubble Jumper? If the Stock Bubble is not working, jump to the Bond Bubble. As our post yesterday pointed out, there is only one market that is not inflicted with hysteria at the moment, the 3 month…Continue Reading →