“It feels like the economy is slipping back into recession. I cannot believe it because I have given so much funny money to the speculators. The middle class who are underwater on their home loans and losing jobs should be…Continue Reading →
The message that has come in clear since the start of QE2 is to buy precious metals, stocks, and commodities. Never mind that the problems we as a country face are structural and part of a deleveraging process that will…Continue Reading →
Ben is not the kind of person to admit a mistake. That is the crucial factor on which the bulls base their case. History says that Bernanke will opt for out-of-control inflation rather than try to get the house in…Continue Reading →
As the market awaits the crucial Fed meeting on Tuesday and Wednesday it contiunues to believe that Ben will not remove the punch bowl, the speculative party is just too good. The best weekend read is David Stockmans piece :…Continue Reading →
A close below that area will unravel the rally. We expect this to happen between now and Tuesday’s close. The Fed meeting on Tuesday will add fuel to the fire.
As all of you readers know, the QE2 experiment is to me an experiment that will not end up well. This weeks letter by John Mauldin features an “Outside the Box” column by Dr John Hussman titled “Charles Plosser and…Continue Reading →
Most markets are honoring the longterm resistance levels that will define the top of the trading range for 2011 (bottom and support for the dollar and T-Bonds). Gold and silver remain the hold outs. It will take a close under 1440…Continue Reading →
As a bit of solid initiative is being generated on both sides of the aisle in Washington, the leading edge of the speculative money is starting to leave the game. Janet Yellen has it half right on why not to…Continue Reading →
Today’s Presidential speech on the budget will more than likely be more of the same in that it will not be a real solution that can work. The Republican’s have already outlined an unworkable program and now the President will…Continue Reading →
The Bernanke generated inflation scare, QE2 based, is probably over. Any owner of commodities would do themselves a favor to have unloaded their position. Stocks are just another commodity in this scenario. Deflation is still the long cycles direction. Just…Continue Reading →