Clik here to view.
Bailout not just for mortgage debt. Paulson wants to take any “troubled assets.”
Better brush up on your Sun Tzu and Machiavelli if you want to survive in this investment climate, because now we know what rules they are playing by. —- Jeez. I wrote the following this morning, but I...
View ArticleClik here to view.
No thank you, Mr. Keynes. America’s infrastructure does not need a bailout.
I’m sick of hearing the phase “America’s crumbling infrastructure” from the press and politicians. They have been pushing this theme for at least 18 months now. Observers should look for the motive...
View ArticleClik here to view.
Listen to the people who predicted this: No bailouts, no New Deal, no serfdom.
Here is a list of popular personages who predicted this credit implosion and depression while the bubble was still being blown: Robert Prechter. In 2002, he published Conquer the Crash, How to survive...
View ArticleClik here to view.
The next bubble: cash.
This is deflation, a contraction of money and credit. Hardy anybody argues about that anymore. So what happens next? Will Obama and the bailout maniacs inflate a new bubble in green energy in their...
View ArticleClik here to view.
Listen to Mish: Public unions and their pensions have bankrupted your city...
I don’t care where you live, odds are that your local politicians have put you and your fellow taxpayers on the hook for unpayable quantities of debt, mostly to fund government salaries and benefits...
View ArticleClik here to view.
Chart: Secular Bear Markets Since 1900
Secular Bear Markets (red) since 1900. Source: Crestmont Research I like this chart, but I would change one thing: the bear that started in 1929 could extend clear through to 1948 due to inflation and...
View ArticleClik here to view.
Hedge funds: Just say no
Hedge funds are almost never a good investment. As a class, they underperform and overcharge. Only 20% of funds beat their benchmarks in a given year, and of those, fewer than half outperform in two of...
View ArticleClik here to view.
Bristlecone Pine trading
Hedge funds, mutual funds and active mangers underperform and overcharge, while a simple buy-and-hold strategy regularly sustains sharp losses and lengthy secular bear markets. So what’s an investor...
View ArticleClik here to view.
Barrons Big Money Poll shows complacency & love for equities
It amazes me that the most successful managers could be so bullish at a time like this (way overvalued, way overbought, rising Treasury yields, stalled earnings growth), but of course stocks are most...
View ArticleClik here to view.
What goes up must come down (coffee futures boom-to-bust).
A 9-month mania has become a relentless 2-year bear market, and prices are back where they started: From Futures.Tradingcharts.com From Indexmundi.com, here’s a longer-term view. As is typical of...
View ArticleClik here to view.
Top developing
An overbought market that has kept the vast majority of investors and traders in the bull camp for several weeks is to be viewed with suspicion. When prices also begin to lose their upward momentum,...
View ArticleClik here to view.
RSI declining – final warning sign
This is a very expensive and overbought market which few participants believe can decline meaningfully. That alone is dangerous, but now we see signs of technical exhaustion, such as the downtrend in...
View ArticleClik here to view.
Daylight saving is pointless
Daylight Saving Time doesn’t save energy. It just messes up the seasonal progression of diurnal rhythms, effectively giving us jetlag. The sun was rising a few minutes earlier each week, and now...
View ArticleClik here to view.
One more datapoint on the equity bubble
The latest Flow of Funds Report (link to pdf) shows that equities comprise a greater share of US household assets than at any point besides the height of the internet bubble. Of course, elevated prices...
View ArticleClik here to view.
On Flash Boys, why HFT is parasitic, and why it’s over.
It’s my baseline assumption when looking at markets, financial or otherwise, that when something involves no fraud or physical coercion it’s beneficial or innocuous. When you find something damaging...
View ArticleClik here to view.
Bailout not just for mortgage debt. Paulson wants to take any “troubled assets.”
Better brush up on your Sun Tzu and Machiavelli if you want to survive in this investment climate, because now we know what rules they are playing by. —- Jeez. I wrote the following this morning, but I...
View ArticleClik here to view.
No thank you, Mr. Keynes. America’s infrastructure does not need a bailout.
I’m sick of hearing the phase “America’s crumbling infrastructure” from the press and politicians. They have been pushing this theme for at least 18 months now. Observers should look for the motive...
View ArticleClik here to view.
Listen to the people who predicted this: No bailouts, no New Deal, no serfdom.
Here is a list of popular personages who predicted this credit implosion and depression while the bubble was still being blown: Robert Prechter. In 2002, he published Conquer the Crash, How to survive...
View ArticleClik here to view.
The next bubble: cash.
This is deflation, a contraction of money and credit. Hardy anybody argues about that anymore. So what happens next? Will Obama and the bailout maniacs inflate a new bubble in green energy in their...
View ArticleClik here to view.
Listen to Mish: Public unions and their pensions have bankrupted your city...
I don’t care where you live, odds are that your local politicians have put you and your fellow taxpayers on the hook for unpayable quantities of debt, mostly to fund government salaries and benefits...
View Article