Obama Explained
It is tough to be a contrarian and feel the pressure of moving early. So to pass the time here is the best article that I have seen on Obama in a while. It is in the current issue of the…Continue Reading →
Archive for February 2012
The Seeds of Real Austerity
According to CNBC’s Kudlow, Romney is to announce his flatter tax program today, kind of a Laffer redo. From how Kudlow describes it this should appeal to the Tea Party crowd. This could be a real problem for Obama as he…Continue Reading →
One Trick Pony
This is a new week and what does the one trick pony do? Buys assets because he thinks that the Fed and the Central Banks of the world will inflate us out of here. That is the pony that galloped…Continue Reading →
A New Market Environment
This week has been one in which some significant changes in the market and economic environment have become more visible. Short term interest rates broke out to the upside on Monday and while the Fed will try to keep them very low…Continue Reading →
Contrarians
If there is such a word, but anyway being a contrary investor takes a mindset that doesn’t require others to agree with you. Most of the time few will agree with your market positions. Yesterday was a good example of what happens…Continue Reading →
Pluses and Minuses
Today is one of those days when I initially say to myself, what was I thinking in January. I got out of short S&P last October at 1070 and reversed to long. Then we got out of long S&P at…Continue Reading →
The Long Roll-IN
This is another day when I have nothing new to add to the assessment of economic and market conditions. A combination of a dysfunctional congress and European austerity is setting up the markets for a precipitous decline. Market volume is light on the…Continue Reading →
Leftover Dynamics
For me little jumps out on this Monday morning. Stocks are retesting the recent highs as the Greek news is better. Apple stock has gone parabolic in the past week, a sign that the rally is nearer the end than…Continue Reading →
No Reason to be Negative
That is all we heard the past few days on CNBC. In fact on the micro level I couldn’t see anything negative myself. Most of the earnings have been decent, especially any company that uses cheap Asian or Chinese labor. …Continue Reading →
Greek Resolution, Austerity now to be Applied
The market is excited this morning concerning the European situation, and yet now the austerity measures are about to wash over Europe. I have to ask the question, what about austerity is bullish?