Ben’s big GAP
is the difference between what he wants to do and what he can do. We waited all summer to hear if he had come to his senses. Sadly he has not. His years of research have shown him how to…Continue Reading →
Fed Comments
Back from Europe
I’m back from vacation in Europe. My take on things there and how it will affect markets is that Gold is headed into low 1200 area. While the politicians talk about saving the euro, the European people are preparing for its…Continue Reading →
Sideways, An Alternative
With the coming election and expectations that the Fed will step in aggressively if things get really bad, an alternative scenario is that the markets through the election are going to be a sideways affair. That would mean on the…Continue Reading →
More QE3 Talk
At least there is one Fed Governor, Laker, who speaks the truth, essentially he yesterday said that more QE will not solve the problem, ie the problem is outside the Fed. No change in views other than on T-Bonds, while…Continue Reading →
DeLeveraging Trumps the Fed
When the economic history of the 1996 to 2017 period is written it will have two parts, the bubble building years of 1996 to 2006 and the deleveraging years of 2007 to 2017. It will point out that the period from…Continue Reading →
Against the Crowd
Based on CNBC’s Fast Money show, our positions are strongly against the crowd with virtually all of them calling for a retest of the years high in stocks. I have to say that following the long-term play book has some…Continue Reading →
Waiting for the Fed
The markets are probably going to meander around through the Fed meeting next week. As European plans continue to gel there is one thing I cannot get out of my mind, and that is the fact that European Central Banks…Continue Reading →
Ben’s Important Day………….shorting more stocks at 8:45 AM CDT
Mr Bernanke goes up on the hill to answer questions today. While Fed Governor Janet Yellen continued her push for more easy money, a more solid governor, Richard Fisher said essentially in a recent speech, the money is out there,…Continue Reading →
Uncertainty
This is the favorite word of the conservative side of the business world today. It no doubt is what is behind the business slowdown we are seeing now. What is ironic is that the biggest part of the uncertianty in…Continue Reading →
Beginning of the End or End of the Beginning
While the airwaves and market letters are full of pronouncements this morning, a few things need to be kept in mind. One is that leveraging takes a long time, I heard an economist recently say it takes 10 years, which would…Continue Reading →