To me it would appear that Hope has approached a peak level, and now reality will start to become a bigger input into the equation. Stocks and commodities are culminating the move that started last August, a move based on…Continue Reading →
That is what I see in the market action this week, except for the Robinhood excitement. I guess it is too bad that the Robinhood traders had not read the Bunker Hunt silver story from the 80’s, but now they…Continue Reading →
For any long time follower of this blog, you know it is not about trading…more about a philosophy of how economics and politics mesh with the markets in a macro sense. And we all know that history shows how civilizations…Continue Reading →
A year ago, that a new virus or a game stock would be the two major disruptive factors. So everyone is concerned about the volatility that is being seen this week and wanting some part of government to fix things….Continue Reading →
What if stocks are just a coping mechanism to the pandemic, a manifestation of crowd behavior, with little or no attachment to value or any measure of economics. If true, as we approach the end of the pandemic, and the…Continue Reading →
The market is grossly overpriced and everyone knows it. You just have to have patience here on the short positions. Let everyone kill each other. The average S&P short position in our trading algo is 3608, 24 units since start…Continue Reading →
What am I talking about. I am in a sense an old farmer, growing up on a farm and my first job out of graduate school, as manager of a large corporate Illinois cattle and grain farm followed by 50…Continue Reading →
We have just seen the inauguration, a true symbol of hope for this country. I think it could be somewhat like Jimmy Carter’s administration, a good time period for the soul, not so good for the speculator. We have just…Continue Reading →
To me this week is a time to lie low and watch as we see the changes in Washington. Inflation expectations have been dominating market direction since the November election. Now we are going to see the start of the…Continue Reading →
How much of the current value of the stock market is due to manipulation? A lot of strange things have happened since mid 2018.