It seems Bernanke agrees with our comments yesterday. What if we are both wrong. Today’s action in gold cause me to ponder the following: 1) What if the Greeks have a referendum and tell everybody to take a hike? 2)…Continue Reading →
As the Fed meets, the markets and the economy appear to be stable. Real estate and employment remain the broken spokes of the wheel but those are jobs for congress. As such I don’t expect much from the Fed today,…Continue Reading →
I picked this number out of you know where. The point is the media seems to gravitate to whoever is the most excited at the extremes 1070 and 1270. You would think, depending on the day, the world was either ending…Continue Reading →
Yesterday’s rally in gold and decline in stocks is being heralded by many as the start of something. It would seem to me that it looks much more like the last hurrah for the funny money let us inflate out…Continue Reading →
Many newsletter writers think so, but one has to keep in mind that what worked for 10 years for a different reason may not work now. In any case the next few days will be a test of whether the…Continue Reading →
The continued sell-off of the dollar today is giving some dollar bears/QE3 lovers an excuse to open their mouths. I don’t however view this as a worrisome situation because from a chart standpoint we are in a support area. If,…Continue Reading →
Mistakes is the answer. We saw the mistakes Hoover made before 1929. We saw how the Clinton Administration and CNBC pundits talked up the heady atmosphere prior to the Tech Bubble in 1999. We saw how the Bush Administration and…Continue Reading →
The employment numbers today and the macro technical market indicators point to a high probability that the stock market has seen it’s lows through the 2012 election. Maybe it is the lunar cycle, but even Alan Greenspan was rather clear…Continue Reading →
In my opinion the anger is misplaced and illustrates how the left wastes a lot of bullets. You can read this blog every day and in my mind see a progressive approach to solutions and actions. In the current situation…Continue Reading →
What set off this market crash. Look back at the day it started and what triggered it. On that day the S&P 500 had a high of 1343 and closed at 1320. Today the market looks like it will open…Continue Reading →