Everywhere we look these days the action is focused on short term responses. You can start with the FED and Bernanke, you can look at what is happening in Japan, you can look at Italy’s new premier, and it is…Continue Reading →
Here is the first update of the “Numbers” since late February. Only four changes out of the 29 indicators followed had a change during that time. Therse changes were: 1) The Long Wave on Macro assets turned down on 4/22/13….Continue Reading →
General expectations in the markets are that the ECB will reduce interest rates again next week in an attempt to get economic activity back on track. Well, just minutes ago one sane person stepped to the plate: (from Yahoo news)…Continue Reading →
In John Mauldin’s latest weekly letter he posts the First Quarter Investment Review and Outlook of Lacy Hunt and Van Hoisington. One of the surprising numbers was the fact that M2 Fed money supply declined from $ 10.505 trillion to…Continue Reading →
Here is a piece that sums up my longer term thoughts rather well: http://dealbook.nytimes.com/2013/04/17/efforts-to-revive-the-economy-lead-to-worries-of-a-bubble/?smid=pl-share
The bounce off the 1536 low of yesterday on the S&P 500 sets up the technical indicator trigger that will be executed on a trade below 1536 in the coming period, hours-days.
While we do not have confirmations yet, just warnings on our Macro Stock market indicators, a close under 1539 on the S&P 500 will be a signal that a technical breakdown of the market is settling into place. At the…Continue Reading →
Yesterday the S&P 500 stayed above the crucial 1539 level on a closing basis. So everything must be ok again. Ben probably was cooking up something overnight. Just keep in mind that gold started going down without an event, why…Continue Reading →
Investors appear to be following what they have been taught, selling their losers over the last 18 months, gold, and keeping their winners over the last 18 months, stocks. In this case however, at a major market junction I would…Continue Reading →
John Mauldin and John Hussman have teamed up with a must read. http://www.mauldineconomics.com/outsidethebox/taking-distortion-at-face-value/ We are covering our remaining short gold positions today, gold at 1558. Micro Strategy Update: The assets that we opened up by covering our short T-Bond positions…Continue Reading →