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  • The Current U.S. Stock Market Collapse Makes No Sense [View article]
    I find this correction interesting in that there has not been a single 90% down day. Nor has there been a serious test of the 200d MA let alone a retest. Where is the support? This should get your attention.
    May 24, 2012. 05:34 PM | 2 Likes Like |Link to Comment
  • Stocks are as oversold today as they were since the doom-and-gloom days of the financial crisis, says Bespoke's Paul Hickey. In total, 5 out of 10 S&P 500 sectors are now three standard deviations from their 50-day moving average. "This is as oversold as they have been at the lowest points," Hickey says. "We simply haven't gotten more oversold than this versus the 50-day."  [View news story]
    Sure, a bounce is probable but I would trade it with a tight stop.
    The bear has taken hold. Don't look into the rear view mirror folks.
    1257 on the s&p this summer is quite likely IMO.
    If you are not trying to trade the bounce then sit tight until June passes and see what happens. I got stopped out a while looking good.
    May 18, 2012. 09:35 PM | Likes Like |Link to Comment
  • The big moves in Green Mountain (GMCR -48%) and Chesapeake Energy (CHK +1.91%) recently have value investors chomping at the bit to scoop up shares at deep discounts. To do so however, is akin to trying to catch a falling knife. "You have to distinguish between just setbacks and atrophy of business model,” says Short Hill Capital's Stephen Weiss. If you don't, you might just find yourself getting impaled by tempation. Some safer bets might be: Starbucks (SBUX -2%), Visa (V -4.6%), or McDonald's (MCD -0.6%).  [View news story]
    Actually the word is "champing".
    May 3, 2012. 09:00 PM | Likes Like |Link to Comment
  • Bob Wenzel holds no punches in a speech this week to the NY Fed: "The noose is tightening on your organization, vast amounts of money printing are now required to keep your manipulated economy afloat. It will ultimately result in huge price inflation, or, if you stop printing, another massive economic crash will occur. There is no other way out."  [View news story]
    There is no "huge price inflation" coming. The economy is too weak for inflation to get any real traction. People have been saying this now for years and it's always "just around the corner". Getting a little old listening to these guys. By any measure, Bernanke has done his job, stable prices and low inflation. If it were not for all this latter day money printing that is so despised, we would have been over the abyss. Stop listening to others and instead think things through for yourselves.
    Apr 28, 2012. 05:14 PM | 24 Likes Like |Link to Comment
  • 18 Dividend Champions With Yields 50% Higher Than 10-Year Treasuries [View article]
    Exactly my question as well...
    Mar 28, 2012. 02:23 PM | Likes Like |Link to Comment
  • Today In Commodities: Further Upside [View article]
    About equities.
    It seems everyone I know "knows" the market is unsustainable and due for a correction. Because everyone expects this, the market will keep crawling up. No Fear, right? Look at the VIX.
    Contrarian thought is so often correct in the market...

    At this point I'd just as soon stand on the sidelines and watch.
    Mar 15, 2012. 06:06 PM | 6 Likes Like |Link to Comment
  • Transportation ETF Fires A Dow Theory Warning Shot [View article]
    If a reversal is close at hand then the options market have not priced it in very much. On the contrary, the options market have positioned for a possible upside breakout.
    Feb 25, 2012. 05:16 PM | Likes Like |Link to Comment
  • Contrarians start to bang the drum for a turn lower in the market after seeing a host of analysts and pundits - including Dr. Doom and Blackrock's Larry Fink - turn to the bullish side on fundamental and technical factors. Continental Capital Advisors warns that while some market watchers see investor bullishness as an indicator that stocks will move higher, it believes lopsided sentiment is the Achilles' heel for markets. Hedge fund manager Uri Landesman keeps it even simpler, noting that "just to sustain the current levels you'd need a surfeit of good news." [View news story]
    So, measured in "constant dollars", how far is the S&P500 from the all-time top?
    Feb 11, 2012. 02:40 PM | Likes Like |Link to Comment
  • Stock Market Week Ahead: Be The Scarecrow, Not The Tin Man [View article]
    I would hang on a bit. More than likely they will come back. Sure, there is slippage in the leveraged ETF's but over the course of a month, it isn't much. Selling at the bottom after a 2 month bull run is likely to be something you will kick yourself for later....
    To put it another way, which would you buy tomorrow for a swing trade, UPRO or TZA? --Good luck.
    Feb 5, 2012. 04:17 PM | 1 Like Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    Look at the gold component of the C.O.T. report. There you will find the long and short positions of commericals, hedgies and traders.
    Jan 2, 2012. 05:19 PM | 1 Like Like |Link to Comment
  • Dealing With Debt: What Investors Should Expect [View article]
    Perhaps the author would also include a graph titled;

    Exhibit 2. Net expected tax revenues are not adequate to continue funding current military industrial complex demands.
    Jan 1, 2012. 11:38 AM | 1 Like Like |Link to Comment
  • Gold and silver fall alongside the selloff in risk assets that began around 9:30 ET. Off 1.3% to $1,575/oz., gold is resting at a 3-month low. Technicians might see a bit of an air pocket beneath that support, with the next stop being around $1,500. Silver is off 4.7% to $27.57/oz., honing in on its January low in the $26 area.  [View news story]
    Are metals selling off or is it simply that the dollar index is almost 81 up from 74? I'm a bit concerned for my silver holdings. Looks like I caught a falling knife. Ouch.
    Dec 28, 2011. 04:41 PM | Likes Like |Link to Comment
  • The Obama administration will ask Congress to raise the nation's borrowing limit by another $1.2T this week, marking the third and final increase from a deal reached over summer. Treasury officials note the increase is necessary because the government will approach within $100B of its current limit by Friday.  [View news story]
    The United States finances are not like a household. The U.S. does not have a credit card, it has a fiat currency that it can print or more accurately stated, accounts are credited. The U.S. cannot default in the sense of a household. I'm not saying that there are not any consequences, there are but default is a myth.
    Dec 27, 2011. 09:08 PM | 4 Likes Like |Link to Comment
  • The housing crisis is five years old. But for local governments that depend heavily on property taxes, the lag between falling home values and property re-assessments means the housing market bust is just beginning to ravage tax revenues.  [View news story]
    Property taxes keep going down in Boise. Not sure where you guys live. And yes, teachers are getting the hammer, public schools are firing them. My elementary school aged kids have huge chunks of "time off" now throughout the year. Idaho believes in austerity and believes kids can just do without an education. It is ugly. Red state with a balanced budget but at a huge cost to our future in my opinion.
    Dec 26, 2011. 06:46 PM | 5 Likes Like |Link to Comment
  • Precious metals accelerate their slide alongside the drop in equity markets and the euro. Gold is down 4.5% to $1,589/oz., the lowest price since September. Silver, off 8%, drops below $29/oz. On the industrial side, copper -4.8% to $3.27/lb., still well above the $3 level hit in October.  [View news story]
    Of course they slide.

    Peter Schiff said last week "this is a good entry point for precious metals"........

    Just saying.
    Dec 14, 2011. 05:13 PM | Likes Like |Link to Comment