In John Mauldin’s latest weekly letter he posts the First Quarter Investment Review and Outlook of Lacy Hunt and Van Hoisington. One of the surprising numbers was the fact that M2 Fed money supply declined from $ 10.505 trillion to…Continue Reading →
Here is a piece that sums up my longer term thoughts rather well: http://dealbook.nytimes.com/2013/04/17/efforts-to-revive-the-economy-lead-to-worries-of-a-bubble/?smid=pl-share
The bounce off the 1536 low of yesterday on the S&P 500 sets up the technical indicator trigger that will be executed on a trade below 1536 in the coming period, hours-days.
John Mauldin and John Hussman have teamed up with a must read. http://www.mauldineconomics.com/outsidethebox/taking-distortion-at-face-value/ We are covering our remaining short gold positions today, gold at 1558. Micro Strategy Update: The assets that we opened up by covering our short T-Bond positions…Continue Reading →
The exuberance and gloating about this bear market bounce is reaching a point where there is only one question, when and how bad will it be when it ends. Our Global Macro Asset Indicators ( global stocks and commodities) started flashing…Continue Reading →
A piece worth reading on a Monday morning when the market has no sense of what to do. http://seekingalpha.com/article/1321721-here-s-what-happened-the-last-time-the-fed-owned-all-outstanding-treasuries?source=email_the_daily_dispatch&ifp=0
Since the first of the year investors have acted like the sequester and European problems don’t matter. It has been surprising how much they have kept their head in the sand. Now today with this employment number we see the…Continue Reading →
And why is that? Probably because he is not a cheerleader like all the others. Even Paul Krugman hates him, and most people hate Paul Krugman. I am sure that David is closer to the truth than Paul. http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?smid=pl-share http://krugman.blogs.nytimes.com/2013/03/31/cranky-old-men/?smid=pl-share…Continue Reading →
The Macro indicators that I lean on (and include T-Bond, dollar, commodity, and gold inputs) are not confirming that the S&P high close today is an indication of anything but a narrow focus on the only game still in town. …Continue Reading →
The next three days are the key period in this whole show that started with QE2 three years ago. If we get an upside breakout in stocks that holds through the Wednesday close we will exit our short stock position,…Continue Reading →