The stock market is finding a good shield for the moment, the Blame Game. Republicans and Democrats continue to accomplish nothing on the sequester but the market does not believe that Washington will trigger something bad, we will see. Yen…Continue Reading →
Congress is coming back on Monday and have little red and blue magnets in their pockets. These magnets will keep them from getting anything done. Here is what wikepedia says: Magnets exert forces and torques on each other due to…Continue Reading →
That is what the headlines say this morning. This has been the biggest worry of the market so now we are seeing the blowoff rally. If you believe that the Republicans are giving up you should not be reading this…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 →
Last nights SOTU speech was big on details of specific little deals and short on overall structure, pablum for the middle class if you will. I have said many times, the White House has to produce a plan that shows…Continue Reading →
First, I have to say that with my defensive stance I would be better off trading the economy or total employment than the S&P 500. Why, because the S&P 500 trades off the pain in America. Since 2007 the S&P…Continue Reading →
As in years past, we like to let the year provide a little peak before making the yearly forecast and projections. Note that this blog was first published on January 22, 2008. Our Annual Forecast will be presented in the…Continue Reading →
In spite of the holiday season the reality is that is is difficult to reject ones economic religion. The battle in Washington over the Fiscal Cliff is really a battle over abandoning the supply side Trickle Down Myth, the religion of…Continue Reading →
Some ask me why I think there is a bigger than even chance that we all go over the fiscal cliff. For me it the core reason that I quit being a Republican ten years ago. It is simply that…Continue Reading →