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  • Homebuilders on the move after strong sales report [View news story]
    Rates so low for so long, potential home buyers may react to rise same as refinancers: get in now before they go higher.
    Jul 22, 2015. 01:25 PM | 4 Likes Like |Link to Comment
  • The Radical Gold Underinvestment By American Stock Investors Is Very Bullish [View article]
    "It [gold] is the only major asset class strongly inversely correlated with stocks."

    Well, you lost me right there. See 2000-2002 and 2007-2009. Gold fell along with stocks, then rose with stocks during recovery.

    Gold is correlated with inflation, or expectations of. Gold rose 2009-2012 on expectations (Fed money printing), fell beginning 2013 when inflation did not materialize, instead decreased. Meanwhile, stocks continued to rise.

    If and when monetary velocity picks up (all that Fed money gets into general circulation as economy booms), inflation will rise. Then gold might take off again. But with a continued weak recovery, not likely. That, of course, could change. And if stocks fall again without inflation, so will gold.

    There is NO "strongly inverse correlation with stocks" regarding gold that you can count on.

    The most reliable asset with a strongly inverse correlation to stocks is an inverse stock fund.
    Jun 7, 2015. 03:10 PM | 2 Likes Like |Link to Comment
  • Gold Still Has Luster: Why You Should Consider Holding GLD In Your Portfolio [View article]
    "That's almost a 40% correction in about three years."
    What would it take to label it a bear market?
    Nov 5, 2014. 12:10 PM | 5 Likes Like |Link to Comment
  • Could The ECB Flip The Investment Playing Field? [View article]
    TLT has been rising as $USD falling since March. That is not a zig/zig. As always, things correlate until they don't.
    Jun 4, 2014. 05:36 AM | Likes Like |Link to Comment
  • The run of late-day market declines looks so familiar to the action of 5 years ago that Art Cashin dug out a note of his from November 2007. "Like playing poker ... you can bluff and posture ... (but) old traders see the final minutes of trading as truth time ... everything up until then is stage play. That's why the action in the final 30 minutes ... is of concern." [View news story]
    We centrists, alone in the middle.
    Nov 14, 2012. 04:33 PM | 1 Like Like |Link to Comment