To us it appears apparently not, as the FED continues to not allow the market to price in the risk that artificiality builds. The S&P 500 has created a pivot the past few days and is now coiling in the…Continue Reading →
1. Bernanke has not fixed anything with QE2 and QE3, just made the overall situation more risky. We have never seen this kind of Fed invasiveness in terms of size or time. 2. Everyone will want to get out on…Continue Reading →
Markets are eagerly awaiting Bernanke’s latest idea in his news conference today. It would be a big surprise if he changes his stance on anything, so don’t look for much. It is striking that in the little Cyprus issue this week…Continue Reading →
Overnight the stock indexes caught a sell but this morning the happy talk people are back at buying. And guess what, they bought gold just in case they were in trouble. So where are we, in my opinion until the…Continue Reading →
The market now has its base numbers for the pre-austerity period. It will probably take about three months for the austerity effects to start showing up. The corporate CEO’s have now bought into a recovery mood, that is a significant piece…Continue Reading →
Ben basically said he would offset anything that the administration and congress implements. No doubt he will try and in the process he will broadly increase the long term risks in owning any kind of asset. My view trys to…Continue Reading →
Will Bernanke cave in to Congress again, or will he call a spade a spade. All of you know well that I believe Bernanke has made the problem much worse with QE2, QE3, and whatever you call the version we…Continue Reading →
is now behind us. The markets can go back to reality. Back to Washington where neither side has the guts to do a big deal. Obama is the only one who could. He does not have to face the voters…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 →
Over the past week I have gotten around to reading one of the potentially more important books that I bought around Christmas, yes I tend to buy a number of presents for myself when I go Christmas shopping for others. First I…Continue Reading →