There is nothing new to add today. The S&P has had its bounce as have most other stocks including Goldman Sachs. Oil has gained about 15 percent on gold since our trade this week and if we were not fully…Continue Reading →
The next upward phase of the stock market off of the March 2009 lows will be marked by a much different complexion than the reflation, everything rallies move, that has been seen over the past 14 months. You pick the…Continue Reading →
We know what we are looking for as a sign of a bottom. Now a dose of patience in waiting for it to trigger is all that is required. The “Flash Crash” scenario that so many investors are looking for could…Continue Reading →
One big relationship that we are following in this whole first cycle up since March 2009 is the Dollar / Gold. This stock and commodity sell-off, what CNBC apparently is calling the “Flash Sell-off” has been characterized by a flight…Continue Reading →
On Friday we saw a little bounce that could continue up to the 1100 level on the S&P but the downside objectives still beckon. In a longer term macro sense some buying opportunities will shape up at those levels if…Continue Reading →
As we have said before despite everything you hear on CNBC, the Euro Zone problem has been the trigger, rather than the whole reason for the recent sell-off in commodity and stock prices. Markets have been over-priced relative to the…Continue Reading →
One might ask why after March 2009 everything went up, and up, and up. Whether it was stocks, gold, cattle, copper, oil, you name it, except for the dollar it went up until early December 2009 and was justified as…Continue Reading →
The later stages of the speculative market binge that started in August 2009 will be signaled by the meltdown of gold. By meltdown it would not surprise us that gold in the 600’s will be seen by mid-August. John Mauldin’s…Continue Reading →
On the negative side the move below 1143 on the S&P points to lower price levels. On the positive side the market believes that it found the culprit, A Kansas based Mutual fund that was executing a hedge program. I…Continue Reading →
It is about protecting yourself in a time when buying momentum stocks with the crowd will get you in trouble. While I do personally advocate a contrarian approach which involves varying degrees of shorting at times of overvaluation, the importand…Continue Reading →