Gold prices ended Friday’s session up $8.72, to settle at $1099.09 an ounce as weaker-than-expected data from the U.S. and declines in global equity markets sparked some short covering. Gold rebounded from the lowest levels since February 2010 after the Commerce Department reported that sales of new homes dropped 6.8% to a 482000 annualized pace….
I definitely have lazy areas. When it’s cold and raining, I don’t want to take my dogs out to the park where they’ll get wet and muddy and I end up having to bathe them. Being in Seattle, it’s a huge hassle during the winter months where it drizzles constantly. So I have a lazy man’s…
Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080. However, we traded very well, and booked winning trades on both up and down sides. Our TSLA calls early in…
T2108 Status: 28.0%T2107 Status: 34.8% (a 9-month low!)VIX Status: 13.7 (8.7% gain)General (Short-term) Trading Call: NeutralActive T2108 periods: Day #190 over 20% (overperiod), Day #1 under 30%, Day #5 under 40%, Day #45 under 50%, Day #62 under 60%, Day #261 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort…
Since the beginning of 2009, the U.S. 10-year yield has averaged around 2.6%. Consequently, most investors feel that interest rates have nowhere to go but up. However, from 1930 to 1955, the U.S. 10-year yield also averaged 2.6%. That’s 25 years! There was even a double-digit annual inflation rate after World War II, yet rates stayed low….
Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is happening. Last week, the Dow Jones Industrial Average (INDU) fell by more than 530 points. It was the…
Central planning asset purchases aimed at propping up prices destroy the essential price discovery needed by private investors. Panicked by the possibility of declines that undermine the official narrative that all is well, authorities the world over are purchasing assets like stocks, bonds and mortgages directly. Central banks are explicitly taking on the role of buyers of…
The eurozone is supposedly in a state of recovery. However, in spite of that recovery, public debt and debt-to-GDP levels are still rising. Austerity is difficult to find in any realistic sense. Please consider Eurozone Borrowing Rises to Record as Recovery Remains Weak. The European Central Bank’s programme of quantitative easing has pushed down interest rates…
Late last month in “The Biggest Threat To Chinese Stocks: Shadow Lending Crackdown“, we suggested that the pressure on Chinese equities – which at that point had only begun to build – was at least partially attributable to an unwind in the country’s CNY1 trillion backdoor margin lending edifice. As we explained, brokerages were only…
The market is filled with companies with a lot of hype which are touted as great investments, but Benjamin Graham taught that intelligent investors must look past the hype and avoid speculating about a company’s future. By using the ModernGraham Valuation Model, I’ve selected five of the most overvalued companies reviewed by ModernGraham. Each company has been…
