And that is good. It looks to me that Long-term interest rates turned up on October 21st. What other response to budding speculation can really occur. Washington, both the administrative and congressional side is making a lot of noise about…Continue Reading →
I’m back from visiting the Medicine Wheel in Wyoming, plus other points, maybe the energy will come back. With the exception of oil, the markets are generally up 1 to 2 percent since the September 16 cycle point but that…Continue Reading →
One thing that will be a bit surprising to some, but compared to a year ago, an investment in the dollar would have earned you more than an investment in the S&P 500. It is important that denominated in the…Continue Reading →
Much of the time what you see here is some of my rambling on the markets, colored with 42 years of experience. To me most market days are of little significance, just pieces in the macro picture. I do like…Continue Reading →
Saturday’s NYT has an article by Floyd Norris that goes into what has been happening with money flows in the past year. In spite of the frantic talk of debt and $ 3000 gold in the mainstream press, the fact…Continue Reading →
The first 30 percent of the 60 percent bounce of the stock market since March was no doubt due to a simple reaction to an oversold condition. The second 30 percent, however, is being fed by good S&P profits. Profits…Continue Reading →
As of today, summer is officially over. While the Net Asset Values on our various Portfolios did take a hit this summer, our basic view has not changed. (see comments during September.) In yesterday’s NYT a good article by Boone and Johnson…Continue Reading →
The markets have ignored the cycles as we see them. This is nothing new, we saw it from 2005 to 2007. This bubble will not last that long for obvious reasons. In the meantime, if you are not a market contrarian,…Continue Reading →
This whole extended part of the rally since early July is a much more dangerous rally than the action we saw in 2007 before the crash started. Two things make it more dangerous, first it is the same investor mentality…Continue Reading →
The most important news on the economy this week is yesterdays report that consumer debt fell a record 21.6 billion. On the other hand, the sectors of the economy that are getting bailouts, mainly Wall Street, think everything is ok…Continue Reading →