One big relationship that we are following in this whole first cycle up since March 2009 is the Dollar / Gold. This stock and commodity sell-off, what CNBC apparently is calling the “Flash Sell-off” has been characterized by a flight…Continue Reading →
On Friday we saw a little bounce that could continue up to the 1100 level on the S&P but the downside objectives still beckon. In a longer term macro sense some buying opportunities will shape up at those levels if…Continue Reading →
The later stages of the speculative market binge that started in August 2009 will be signaled by the meltdown of gold. By meltdown it would not surprise us that gold in the 600’s will be seen by mid-August. John Mauldin’s…Continue Reading →
Since October 16th 2009, when the high on the S&P was 1096, the stock market has been treading in over valued territory. Last weeks low of 1066 was the first crack in that mini-bubble. What is ironic is that the…Continue Reading →
Contributing Factor Numer 1: Cheap money for banks Yesterday the Fed remphasized the approach of leaving interest rates for the banks at zero for the forseable future. It is well known that this is to allow banks to play games…Continue Reading →
Broad reform, reform that wrings the excesses out of the democratic process, takes time. It started with Health Care, now it is Financial structure, next it will be Climate Change, and lastly it will be Immigration, all to be completed…Continue Reading →
This is the latest addition to the long list that started in late 2008. One can debate for a long time as to what would have happened if no entity had been saved including any bank. There is no doubt…Continue Reading →
Yesterdays column by Thomas L. Friedman bears reading. http://www.nytimes.com/2010/03/24/opinion/24friedman.html
This passing of the first step in Health Care Reform has this crowd in shock. They have been in financial control of this country since the early 80’s when the Reagan Supply Side tax cuts set the stage for deficits…Continue Reading →
A little good news as Washington Healthcare battle continues. Here is today’s NYT article on deficit reduction. http://www.nytimes.com/2010/03/18/us/politics/18simpson.html Todays market and the market over the past six months is one marked with lackluster volume. Three reasons seem obvious to me:…Continue Reading →