As the market digests a little Iraq based oil inflation scare for the next month or so it might be good to look ahead to what really is going on in the economic front. To me Fed Taper is a sideshow. The…Continue Reading →
The fact that the market did not fall apart on Friday even though the VXX volatility index with a close of 31.82 confirmed that we have seen a significant top in the markets, to me indicates that a quiet summer…Continue Reading →
Since last Fall when the Republicans in Congress decided to play nice there has been a general consensus that the economy and the markets are off to the races, i.e. no more bad stuff, shutting down government, etc. The setup…Continue Reading →
Tomorrow is Friday the 13th and a Full Moon. Maybe check your horoscope to determine the details. The VXX volatility chart had a downside blow-off on 6/6/14. That leaves a gap between 31.28 and 31.82. We would not be surprised…Continue Reading →
Is there a bigger meaning to Eric Cantor’s defeat yesterday? While I am not a Tea Party fan or a Libertarian, I do have agreement with some of their economic beliefs. The fact that mainline Republicans and Democrats have held…Continue Reading →
The markets are coming to an inflection point. If one looks at one day, today for instance, all but one of these four indexes are above the 3/7 high. On the…Continue Reading →
To many, not us, the T-Bond market has been much stronger than expected this year. Most stock market players believe that an expanding economy will push interest rates higher, i.e bond prices lower. So what does the strong bond market…Continue Reading →
Today the ECB followed deeper into the already discredited Greenspan-Bernanke trap, by doubling up on trickle down monetary policies. What the Global economies need is a new structure that starts with a healthy consumer. Tomorrow we will see how this…Continue Reading →
Today the S&P 500 made a lower low and a higher high and a all-time high. This is significant coming two days before the Big Event of the month, Friday’s employment numbers. Will the employment numbers confirm the auto sales…Continue Reading →
At first blush it makes one wonder why all the Central Banks in the world don’t just do what Bernanke did, buy government bonds. It would appear that now anyone can do this, how did the Central Bankers miss this…Continue Reading →