Waiting for an Excuse
Markets are basically quiet, sitting and hoping for something from the FED this week to spur more excesses. Let’s see if they get it. I plan to do more selling on Wednesday.
Uncategorized
What’s Different Now
It is in my tweet for pasted today.
Out of Touch
Today it is easy to feel out of touch. Nominal prices are going through the roof, the stock market is basing it’s view on higher means even higher, real value has no place. All I can do in this kind…Continue Reading →
The Hook is set for the Downward Adjustment
As I stated yesterday, we are in a long-term adjustment move. The little kernel of truth inside the upside bounce today is the junk bond market. Interest rates there are rising at the same time the 30 year bond rates…Continue Reading →
Market Players have Lost Control
We are starting a time when the Pandemic withers and a certain level of normalcy is attained. As we have said many times, this will be the tough time for the market. For the past twelve months a hyped market…Continue Reading →
Lack of Senate Cooperation-
is the biggest reason for market concern now. There is no sense of the situation that is facing America at this point and the fact that things will only get better if everyone works together. If I were President I…Continue Reading →
All the Life Boats have holes
Obviously I am watching the very beginnings of the sinking of a big boat. What I see is a lot of scrambling, as investors think they can find a solid life boat. Things like moving into value stocks or the…Continue Reading →
Panic is Deafening…
If there was a way to listen, you would hear that the Panic buying today is deafening, big volume buy levels are up 70 % from last weeks range. I continue to think long term cycles, although there are times…Continue Reading →
Rolling Bubbles
As we outlined early this year, market players were intent on pushing the “Buildup to Normal” story in the new year. I have to admit that I totally misread how much of a pile on we would see. First we…Continue Reading →
Mania Unwound
Today we are seeing the first indication that the total funding of the economy which has been massively built around leverage, is coming unwound. See the chart below that we have shown many times. It is the total of all…Continue Reading →