TradingHelpDesk

Taking Some Profits: Where Is This Country Going?

"My strategy was to get short somewhere between 1070 to 1080, and then abandon ship on that side of the boat, if we break north of 1080 because that would mean a new leg up."

Wise words Mark. But 0.25% rates and stimulus policy in the hundreds of billions means we will see SPY 1,200 before 800.

China Piles Legal Pressure on Rio

Good call. China can beat up (RIO) but it has to buy from someone.

Preview from Europe: Banks Up on Expectation of Goldman Earnings

"Shame she missed the first 200% of the price move".

Spot on. I am amazed that one analyst, albeit a famous one, is attributed to have caused a GS rally which spread to financials and then the wider market.

Another example of the total insanity of markets with investors over-reaction to the slightest news then creating momentum which becomes self-fulling as it changes the technicals of the S&P. We went from maybe breaking support on the downside to maybe breaking resistance on the upside because one analyst recommended a stock 4 months too late.

Weird, amazing, illogical and the polar opposite of rational investing.

Dr. Stephen Leeb on Commodities and Inflation - Is He a Genius or Alarmist?

"BRAC". I like that a lot. Great article. I agree with the vast majority of your contents and it reinforces my view that the US is in a prolonged period of relative economic decline. The goods it imports, commodities, are going to suffer higher inflation than the the goods it typically exports. The US desperately needs a weaker dollar.

Admittedly you could say the same of China but the Chinese balance sheet is fundamentally stronger and will enjoy GDP growth about 2.5 times higher than the US as 20 million Chinese a year move from the country to the cities and buy the goods you and I take for granted.

Iron Ore Negotiation's Impact on the Steel Industry

I am delighted to see your excellent articles published here. Nice work.