Don’t get fleeced with the rest of them
Some stories just have to be repeated. Like the one from Sweden that tells of a collapsing floor during a Weight Watchers weigh-in. As twenty or so dieters filled the room to measure the fruits of their effort, the floor beneath them rumbled then failed.
Priceless irony.
It proves Americans, especially us East Coasters, aren’t the only ones with size-management issues.
As the markets sink under their own weight today, I cannot help but think much the same is taking place on Wall Street. The equities market can only hold so much fat before it gives up support and comes crashing down.
I rarely use technical analysis as a primary analytical tool, but I will use the help of charts and lines to…
Gold – getting in while the bull’s still hot
Theo Casey, Investment Director of The Fleet Street Letter and member of The Right Side editorial team, discusses the merits of gold, the bull’s run, and how to get in on the action.
Time to take protective action
If we’ve learned anything from last year, it is that our economy is much more fragile than anyone thought possible. Our government’s policy has created strong incentives for the CEOs of financial institutions that are deemed “too big to fail” to …
Recession’s over, several gurus say
My investment philosophy is rooted in the idea that beating the market is less about reinventing the wheel and more about listening to the right people. That’s how I came to develop my Guru Strategy computer models, and it’s why I take a look every Fri…
RBA Raises Rates!
Pandora’s Box of rate hikes is opened! Is the dollar being removed from oil trades? Deficits do matter, eh? Gold heads toward its all-time high…And Now… Today’s Pfennig!
Good day… And a Terrific Tuesday to you! A Tuesday morning that is seeing a HUGE currency rally VS the dollar on the news that the Reserve Bank of Australia (RBA) opted to go ahead and hike rates now, and not wait for November’s meeting, as I had thought they would do! WOW!
The first hike… It has opened Pandora’s Box of interest rate hikes around the world… For, if the RBA went this soon, then we can expect Norway’s Norges Bank to push their rate hike earlier on the calendar, maybe even later…
China Gets in on the Trade of the Decade
This week, the big story was once again coming from the gold market. Mid-week, the yellow metal hit $1020 – but the rally was not of the usual variety. Generally, investors flock to gold when the dollar is weak and inflationary fears run high. But as we all know, inflation is not a problem right now – despite the Fed’s best efforts.
No, this rally had another factor pushing it: our friends in the Far East. The Chinese have been quite vocal with their concern over the US dollar and have increased their official gold reserve holdings by 75% in the spring. Smart move.
In the Weekend Edition’s Highlight of the Week, Bill Bonner looks closely at where the recent rise in gold…
Time to sell Exxon Mobil
When I added Exxon Mobil (XOM) to Jubak’s Picks on Dec. 23, 2008, I thought it was a reasonable way to balance risk and reward.
The stock was a good way to reach for some upside return in case the global economy — and oil prices — rebounded more qui…
Beware ‘most of the time’
You shouldn’t be worried that the recent 50% (and more) rally from the March lows will be followed by a vicious collapse. Since World War II, most of the time a year after a move of 30% or more in a six-month period, stocks were higher yet a year later…
Patriot Day
Currencies have strong rally! Trade Deficit jumps 16.3% in July! HR 1207 Gets a hearing! Gold gets back to $1,000!
And Now… Today’s Pfennig!
Good day… And a Happy Friday to one and all! Today is Patriot Day in the U.S. and a day that brings back memories of cowardly attacks on our country 8 years ago. I remember the shock and horror on everyone’s faces, and that image will remain with me to the grave. I also remember trying to write the Pfennig the “day after”… It just didn’t seem that important of a thing to do, but a reader told me that to keep things as “normal” as possible was the best thing I could do… So… I wrote…
OK… The currencies, and this…
Cautiously Positive?
Euro & yen add to gains…RBNZ disappoints…Foreclosures continue to stack up! BOE & BOC meet today…And Now… Today’s Pfennig!
Good day… And a Thrillin’ Thursday to you! Ahhh! A change! Just thought that with the thrilling victories my beloved Cardinals have been accumulating, that Thrillin’ would be a nice change to our Thursday lineup!
Front and Center this morning… The currencies added to their gains this week yesterday, albeit small gains, but gains nonetheless. The Fed’s Beige Book was “cautiously positive”… And… Overnight, the Reserve Bank of New Zealand met, and left rates unchanged as suspected… This and more as we begin our Thrillin’ Thursday!
The Big Dog euro has been off the porch chasing the dollar down the street for a week…
What gold’s rally is telling us
This article is written by Minyanville’s Lance Lewis
I was wrong about gold breaking out last month. See Gold to Break $1,000 This August. Turns out the yellow metal didn’t break out over $1000 until eight days later (i.e. today).
Now that we’ve go…
The Bear Market is Not Over
Yesterday might turn out to be an important day. The market should have bounced. It didn’t. Instead, it fell 29 points. It’s September, too…a dangerous month. And this rally has already run longer than the rally following the ’29 crash.
Mr. Market can do what he wants, of course. We’re just trying to read his mind. If we were Mr. Market, what would we do? We’d give investors a fright!
Two things make us think the bear market is not over.
First, there is market history. Bear markets do not end with stocks still trading at nearly 20 times earnings and the dividend yield barely at 3%. And they don’t end when people are hoping, praying and expecting them to end. They end in…
Will wicked Wednesday scuttle September?
The weak seasonality of September has become the conventional wisdom lately. Financial TV has buzzed with reports that the ninth month of the year has been the worst for the stock market over the last eight decades, and the only one with a ne…