This morning the markets are set to try and punch out through the highs of January 4th. Whether or not they succeed in holding above those highs will determine where the markets are going over the next couple of months. …Continue Reading →
As 2011 unfolds the forecasts coming out of Wall Street seem to be very consistent. Stocks will have a good year, the S&P 500 is forecast to have around a 1250 to 1450 range. Bonds are forecast lower. The dollar…Continue Reading →
I am still putting together our ideas and projections for 2011 which should come out mid-month. In the meantime lets take a look at the markets from a micro viewpoint. As we mentioned on Tuesday, the markets are working against…Continue Reading →
For the short to intermdiate term (60 to 250 days) investor, neutral positions would now seem to be appropriate. The market blowoff yesterday sets up a big headwind and the computer sell signals are now starting to click off on…Continue Reading →
With a new year, predictions are always interesting. Since I like to wait for the first two weeks of the year to fall in place before making mine, maybe a little cheating, I would like to suggest the following blog…Continue Reading →
Of the 16 ETF’s, 16 commodities, and 5 major stock indexes that I follow, everything other than bonds and the dollar are up since September 1. Ben got his way through the speculators. Now we will find out how trickle down…Continue Reading →
We have done a little research recently on how gold works in deflation. Along with having to read a lot of articles on the coming end of the world in the Gold related material I have come to the following conclusions based…Continue Reading →
While we will have a lot more to say the first week of January I do think that as a broad overview 2011 will be the year of the outside event. Unlike 2010 when the Fed controlled the market, other…Continue Reading →
It should be apparent to all of my readers that QE2 was not in my Macro view of the economy this past summer. In fact there were times in the early summer when I praised Ben Bernanke and I felt…Continue Reading →
During the night I awoke with a start, no it wasn’t Santa, he comes in a couple of weeks, no it was the realization that Bernanke is insane. To be nice he isn’t dumb, he was probably the type who…Continue Reading →