Big Earnings Week, Watch S&P 1799
At the moment the S&P seems to be lodged in the 1803 to 1831 trading area as the market waits for a big earnings week. A close under 1799 will move the market into a new stage, a trading area…Continue Reading →
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Deflation Update
To follow up on our long held view that deflation based on the long delayed cyclical deleveraging process (QE2 and QE3 as delayers) is the biggest risk that we face, here is a link to a Bloomberg article on deflation…Continue Reading →
Day 24 of the TOP
The clock is ticking, we are moving to the end of this 20 to 30 day market top formation.
Inequality and Growth
The IMF takes a new tack on Inequality, this is for an organization that many in government think means “Its Mostly Fiscal”. An article in the New York Times today points out a shift in policy that could have far…Continue Reading →
Day 19 of the 20 to 30 Day Top
I look at the gap between manufacturing and consumption as being the key fundamental factor in the coming rollover of the market in 2014, i.e strong manufacturing numbers and weak consumption numbers. Unless consumers are stupid enough to resort to…Continue Reading →
A Solid User Base
In many ways I feel that the markets over the past six years have helped us build a solid user base. From the StatCounter statistics shown below we see that some 37 percent of our readers spend an hour or…Continue Reading →
Tech IPO’s, Last Play for the Funny Money Crowd
As the market completes the closeout of the FED led bounce since March 2009, making a few nominal new highs this week, the roll-over continues. Since the high close we have had two closes under 1849 on the S&P, the…Continue Reading →
Capital in the Twenty-First Century
I have not read this book yet, but the column acknowledged here makes me want to get it today. It was written by Thomas Piketty of the Paris School of Economics. I know, most of you hate the French, but…Continue Reading →
More talk of Deflation
For the past few years we have pounded the desk concerning deflation risk. In the meantime the FED became like the Pied Piper and now has a whole flock of investors following it. Maybe an outside source of deflation…Continue Reading →
Maybe Efficiency would Help the Economy
In a stock market centric environment maybe there is a higher calling for this country. See Paul Krugsman article : http://nyti.ms/1qnBOEN