Bounce Approaching Apex
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
Uncategorized
The Hook is now Set
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.
A Must Read……………..with Micro Strategy Update
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 →
Letting the Momentum Roll Off
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 →
Worth a Read
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
What were They Thinking ?
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 →
Everybody Really Hates David Stockman Now
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 →
No Reversal of Deflation Risk
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 →
Start of Bull Market or end of Bull Bounce
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 →
Back to 2002
The Financial ETF “XLF” had a high of 18.37 yesterday. To put that in perspective the low for that ETF before the run into the bubble in 2007 was 18.52 in October 2002. The bubble high that followed in May…Continue Reading →