The Stock Market has a quandary, the news is good, GDP is positive, home sales are good, jobs have quit declining, etc. What we are watching however, is that the speculative money is moving out of the markets and the…Continue Reading →
Archive for December 2009
Todays action is more confirmation of the weaker emerging markets and gold versus a stronger dollar scenario. With 15 minutes left in day the China ETF “FXI” is trading at 41.34, below its 10/30/09 major low of 41.45. 2:37 P.M….Continue Reading →
The 77.50 level on the dollar index at 77.50 was breached yesterday. Interest rates are headed higher. Watch the China ETF “FXI”. We have mentioned before that the 43.76 high for this ETF on August 3rd, 2009 has been an…Continue Reading →
With the turn in the dollar last week the markets have gone into a stalemate stage. Commodities and gold have rolled over significantly. Stocks are holding their own based on continuing stop gap measures around the world and it has…Continue Reading →
The upside thrust of the dollar today pretty much indicates that the min-bubble in commodities and stocks which took over in early August is really over.
The dollar index DX found some resistance at old levels of 76.25 and the S&P Index has a line of support at 1076. With a little time, maybe two or three weeks the real punch will arrive and these resistance…Continue Reading →
The biggest effect so far based on Friday’s better employment news is the rise in the dollar. So far the dollar index has risen well above its 50 day average. The important points at which we would see a wholesale reaction…Continue Reading →
By Michael Kitchen LOS ANGELES (MarketWatch) — Sen. Bernie Sanders said late Wednesday he has placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. The independent from Vermont said in…Continue Reading →
Following up on yesterdays reading links, this weeks article by John Hussman of the Hussman Funds is worthwhile. Go to our main website and then the links section.