Ag commodities, especially wheat due to world supply issues have been strong over the past couple of months. Going forward with known supply information the pricing formulas will now need to include the deflation element. The table here shows our…Continue Reading →
The next bull market in stocks will not be based on the rising oil and weak dollar that prevailed yesterday. Phantom demand and its attendant measurement, phantom value, are a function of Hedge Funds and funny money looking for holes…Continue Reading →
Some good news for the economy is appearing and more will be needed as a slow solid recovery gets established. The bounce rally in the markets over the past few days has been strong as have all the bounces over…Continue Reading →
That is what the pundits and advertisers keep pushing in the media. There was a time to BUY gold, like in 2002 when Washington was out of control and wars were being started. That period ended in March 2008 when…Continue Reading →
Politics and economic activity have a direct connection. The current debate and one that will heat up through the next two elections is and will be about the debate between the Deficit Hawks and the Green Employment Empowerers. My contention…Continue Reading →
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 →
As we have said before despite everything you hear on CNBC, the Euro Zone problem has been the trigger, rather than the whole reason for the recent sell-off in commodity and stock prices. Markets have been over-priced relative to the…Continue Reading →
So much is happening today I can think of about five different headlines and the one that I used above is probably not the most important. A couple of the other headlines that I considered were “Gold Blowoff”, “Deflation Lurking”,…Continue Reading →
Classical Long Term Cycle retracement bounce levels in which the primary downtrend trend remains in place are commonly measured by the so called Fibonacci Ratios of a minimum of 23.6 percent and a maximum of 61.8 percent bounce. Last Thursday’s…Continue Reading →
Today the stock market reached the level we mentioned a week or so ago as being the forecast high for the year, S&P at 1149. This does not necessarily mean that the good news of the bear market rebound will not…Continue Reading →