We are in a global world. Something like 50 percent of S&P 500 earnings are offshore. The US has been managed by a FED that has focused on throwing a lot of funny money at domestestic entities, and we have…Continue Reading →
Headlines today point to weak durable goods numbers with one exception (ex aircraft which the top 3 percent predominately fly personally and the bottom 97 percent use to get their Amazon orders filled) . Corporations that sell products that don’t fly well might take…Continue Reading →
1) Is it becasue the market and most participants thought that there would be a last minute deal and so everybody is long ? NO. 2) Is it because we get to see this all again after Christmas? PROBABLY NOT….Continue Reading →
Try thinking of the FED as a gun shop that farms out the manufacturing of its most crucial component, the trigger. At the moment a majority of market players believe that the FED is working on the trigger inhouse, i.e….Continue Reading →
At the moment this is a purely techncial call. It seems like we have been long the dollar forever and it has gone up some from our entry levels. The problem is; that from a long term momentum basis it…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 →
What does that mean. We are short the stock market and made our final move out of short T-Bonds to short stocks yesterday and are holding our short gold / core deflation position taht goes back to September 2011. Basically…Continue Reading →
Time flies and the big things don’t change that much. Since January 22, 2008, the macro issues that led to the crash in 2008 have been papered over and little things have improved but we are not out of the…Continue Reading →
Big Stakes: Inflation or Deflation A betting person would say that the chances of deflation replacing inflation are very low after years of an inflation based Federal Reserve Monetary Policy, in fact the gold market is saying that the probability is…Continue Reading →
Ever since the dollar bottomed in April 2011 the Fed has been relentless in pursuing a policy that tries to destroy the dollar. In the 17 months since April 2011 the Fed has pushed the long bond up 32 percent,…Continue Reading →