Todays action is more confirmation of the weaker emerging markets and gold versus a stronger dollar scenario. With 15 minutes left in day the China ETF “FXI” is trading at 41.34, below its 10/30/09 major low of 41.45. 2:37 P.M….Continue Reading →
With the turn in the dollar last week the markets have gone into a stalemate stage. Commodities and gold have rolled over significantly. Stocks are holding their own based on continuing stop gap measures around the world and it has…Continue Reading →
The biggest effect so far based on Friday’s better employment news is the rise in the dollar. So far the dollar index has risen well above its 50 day average. The important points at which we would see a wholesale reaction…Continue Reading →
By Michael Kitchen LOS ANGELES (MarketWatch) — Sen. Bernie Sanders said late Wednesday he has placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. The independent from Vermont said in…Continue Reading →
Following up on yesterdays reading links, this weeks article by John Hussman of the Hussman Funds is worthwhile. Go to our main website and then the links section.
From July 2007 to November 2009 a great experiment in Bubble Economics started to leak and eventually soared around, as all balloons that lose air do. Then a street vendor named Ben, found it, put some helium in the balloon…Continue Reading →
Obama needs to get his priorities realigned. The country voted for change, yet he allows the Washington and Wall Street Insiders call the shots on seemingly everything and we are back to a bubble market again. It is about time…Continue Reading →
But I’m not sure it would matter. So I will just ramble here. 1) The market is no doubt fueled by borrowed money that could have gone to creating jobs but didn’t because of the way the bank bailouts were designed….Continue Reading →
If one looks at trading volume for the two large Stock Index ETF’s (the SPY and DIA) over the past year you see a curious pattern. Volume peaked in March 2009 as the market made its bottom and has had…Continue Reading →
We moved out of our long positions, built up in the Oct 2008 to Mar 2009 panic period, way to early, and followed with short positions. This action had a substantial effect on our short-term performance. As of a couple of days…Continue Reading →