Over the past week most of our core market health indicators improved a bit. Our core measures of risk made it into positive territory. As a result, long/cash allocations will now be 20% long and 80% cash. The hedged portfolio will be 60% long stocks we believe will out perform in an uptrend and 40% short the…
A year ago, when we reported that “Hedge Funds Underperform The S&P For The 5th Year In A Row”, we thought there is no way this underperformance can continue: after all who in their right mind could possibly anticipate that a “risk-free” centrally-planned world could last for 6 years (well, maybe the USSR). Back then we explained…
Two moves from global central banks this morning are getting a lot of love from investors. The central bank of China announced its first interest rate cut in more than two years in order to lift it’s softening economy and the European Central Bank officially began to repurchase asset-backed securities. With markets that were incredibly…
For several weeks I have been expecting a major secular bottom in precious metals and the junior miner. I told you to watch for the accumulation after a shakeout. See the full article from several weeks ago by clicking on the following link. The junior gold miners (GDXJ) appear to be on the verge of…
Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio is non-confirming, and thus per yesterday’s post we are still going with the potential of an asset rally that could include other items besides stocks. As…
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to decelerate to a +0.11 reading in the October update that’s scheduled for release on Monday (Nov. 24), based on The Capital Spectator’s median econometric point forecast for several econometric estimates. The projection is moderately below the +0.25 value for September, which…
John Melloy, CNBC’s investing editor, discusses the Mega Phone pattern in this Video and goes into more detail in an article he wrote (see here). The one things that continues to get my attention is this… The Dow created the second largest monthly bullish wick in the past 10-years, last month at the top of…
On Thursday, Nasdaq welcomed The Habit Restaurants, Inc. (HABT) to its ranks: Nasdaq (NDAQ) announced that trading of The Habit Restaurants, Inc. (HABT) commenced on The Nasdaq Stock Market on November 20, 2014. The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant concept that specializes in preparing fresh,…
It looks like the Dutch brought back 120 tonnes of their gold from New York while no one was looking. Meanwhile Germany patiently waits, for years, and the Swiss dither. The Wall Street Banks thank you for your patience. Have a nice day. DutchNews.nl Dutch bring 120 tonnes of gold back to Amsterdam from New York November 21, 2014 The Dutch…
Source: Wikipedia Dear Diary, The Dow is still pushing higher. Gold is back below $1,200 an ounce. The US economy appears stable. The stock market – which is supposed to know all, see all and understand nothing – tells us it is clear sailing ahead. We are fools to believe it; perhaps we are fools if…
