Over the past thirty years two markets have evolved, the consumer market and the financial market. Somehow the FED has decided that it can play games with both through monetary input. The current Financial Market game, QE2, is an example…Continue Reading →
This is the theme that we have been trying to illustrate for a long time, and have been focusing on since the QE2 talk started in early September. The fact that Washington lets Ben Bernanke run the world is a…Continue Reading →
The Contrarian Pattern Recognition call of yesterday on the blowoff top potential happened and now needs to wait for confirmation. A classic confirmation would be for markets like the S&P, gold, and commodities to trade in a range that is below…Continue Reading →
This would appear to be the blowoff day in stocks and commodities for the move that started on September 1. It started with the Fed pre-announcement and has been nutured by the speculative crowd since.
If you read or see nothing else for the next year, you need to see the documentary “Inside Job” that is currently playing in the theaters. It is about the boom and bust of the economy and markets that we…Continue Reading →
The market is more or less tracking the scenario we outlined in our September 10th post. Ben is in the catbird seat. Stocks, gold, and commodities are rising. Interest rates are going sideways to up. Apparently from the employment numbers…Continue Reading →
Until the events of yesterday and today I held hope that the current portion of the 17.6 year long cycle (2000 to 2017) had seen its stock market low in 2009. That is no longer the case. As an investor…Continue Reading →
It seems the market believes that the infamous “Greenspan Put” is now back in the form of the “Bernanke Put”. What the term refers to is essentially that the FED will support whatever it takes to keep the market-makers in control. …Continue Reading →
We see the FED still trying to play up the QE2 talk for Wall Street. Huge bets have been placed in long bonds, gold, commodities, and speculative stock market positions which will unravel if the FED does not help them…Continue Reading →
From Reuters: Chinese leaders have warned before that loose monetary policies in the United States pose a serious challenge for emerging markets, but rarely in such strident language, a window onto the rising anger in Beijing. “The dollar’s depreciation may…Continue Reading →