Look at two headline articles on the front page of yesterday’s New York Times. Financial Crisis Just a Symptom of Detroit’s Woes – a story about the collapse of Detroit. Words to Start a Stampede: New York Apartment for Sale…Continue Reading →
Fridays employment report provided a little excitement but the fact remains that deflation risks have not gone away. Part time jobs increased the most, but consumer incomes continue to be well below 2007 levels. See chart here from Doug Short.
Our posts from last week pretty much sum up where we are at the moment. The May-October trading range prevails. Keep in mind the S&P swingpoint at 1625 for the trading range. This provides resistance on rallys from the lows…Continue Reading →
It is end of quarter time and Fund managers this week have been dumping what didn’t work for them during the quarter, gold and T-Bonds and keeping what did work, stocks. With the markets at a roll over juncture this…Continue Reading →
This is a price trade. With all the unknowns creeping in and the gold price now down in the top end of what we view as a $ 900 to $ 1250 long term buying zone, we are putting on…Continue Reading →
Lately we have seen the outlook of consumers getting better while their income is decreasing. How does this work? Probably it is due to a better feel in home prices. In any case today’s GDP numbers point out that what…Continue Reading →
Interest rates are still the driving force here. The stock market price is still relatively stronger than the T-Bond price. This is a time to be keenly aware and see who lifts their finger first.
We have have talking for sometime about the roll over top that we expect in stocks in the May – October period. When one is in the middle of this type of scenario you always are watching the indicators to…Continue Reading →
Ben says things are getting better, really, it looks to me that all that has happened is that the fat cats have bought up the foreclosed houses, corporations are squeezing their employees, employment is weak, pensioners are getting 0.5 % interest…Continue Reading →
Since June 3rd we have been talking about our expectation of a trading range asset market for the May to October period. The bottom of the expected gold range 1275 to 1500, was tested overnight at 1285 and probably will be tested…Continue Reading →