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 →
No one in his or her right mind wants to cause an accident. Here we are talking about the risk of setting off a economic accident, a depression. The current face-off between the Republicans and Democrats is a high stakes…Continue Reading →
What we are taking to heart is the decline in gold prices, another indication of the fact that deflation is the number one concern. Shutting down the government does not cause an instant stock market crash, it is just part…Continue Reading →
Yesterday in an interview Warren Buffet had an exellent idea, Ben should stay for the music, the show is only half over, the easy part, buying 3.5 Trillion of bonds and mortgages is more or less done, now the fun…Continue Reading →
Yesterdays strong opening rally in stocks, T-Bonds, and Gold and the subsequent decline all day was, to us, a sign that the FED taper could be a real weight on the market starting on the 19th. As such we are selling…Continue Reading →
Todays knee jerk rally is as transparent as it gets. It is based on Janet Yellen being a dovish new FED leader, someone who will push higher employment, the biggest problem on the economic scene. The problem is, employment issues…Continue Reading →
As the markets edge towards a decision point this month formidable names and issues are congregating on each side. Some like the expected new FED chair view the economy on the mend and markets to be on the verge of…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 →
While we do not have confirmations yet, just warnings on our Macro Stock market indicators, a close under 1539 on the S&P 500 will be a signal that a technical breakdown of the market is settling into place. At the…Continue Reading →
Yesterday the S&P 500 stayed above the crucial 1539 level on a closing basis. So everything must be ok again. Ben probably was cooking up something overnight. Just keep in mind that gold started going down without an event, why…Continue Reading →