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  • Gold Stocks Are A Minefield, Pun Intended  [View article]
    Your facts are right--your interpretation wrong, and that is why GOLD is going DOWN--sorry. No inflation! Germans move gold is about nationalism--will not affect price one iota. Economic collapse will take gold with it--DOWN. Dollar has not hit a low in 4 years--it is going up!
    Jan 26, 2013. 01:20 PM | Likes Like |Link to Comment
  • "High-yield bond yields are lower than the S&P's earning yield for the first time ever," says a very bullish Oscar Schafer at the Barron's Roundtable (earlier). He says no one is talking about stocks at cocktail parties, but he does hear conversation about fixed income (that's some party). Pension funds hiding in bonds for "riskless returns" are in for a surprise.  [View news story]
    Rising interest rates will kill more than the bond market--they will cripple us through our debt, wreck the "recovery", and send equities to hell--Just another extreme at the top
    Jan 19, 2013. 05:49 PM | 2 Likes Like |Link to Comment
  • S&P 500 Snapshot: Bumping A Glass Ceiling?  [View article]
    Dear Doug,
    Always find your work intelligent--thanks.
    Ron Morin
    Jan 15, 2013. 01:43 PM | Likes Like |Link to Comment
  • Merry Cliffmas And Happy New Highs  [View article]
    I'd like to get my hands what you're on
    Dec 24, 2012. 02:52 PM | 2 Likes Like |Link to Comment
  • Successfully Sold The S&P 500 Index  [View article]
    Unfortunately, the numbers reflect what humans are doing--there is no separation between them.
    Dec 15, 2012. 06:20 PM | 2 Likes Like |Link to Comment
  • Chicago Fed Shows Economic Activity Slower In October  [View article]
    The bottom of what? Dow? Gold? Oil? Bonds? The dollar?
    Nov 27, 2012. 05:40 PM | Likes Like |Link to Comment
  • Gold And Silver Outlook For November 26, 2012  [View article]
    Politics doesn't move money--money moves politics.
    Nov 27, 2012. 04:20 PM | Likes Like |Link to Comment
  • The Time To Short U.S. Bonds Is Now  [View article]
    I agree, what correlation? In fact, I'm short silver and bonds, and I don't see a problem with that. I can see that interest rates are going up and I believe silver hit its counter-trend rally high this morning at 34.32. Time will tell.
    Nov 26, 2012. 03:48 PM | Likes Like |Link to Comment
  • Dead Cats Do Bounce, But Volatility Lies Ahead  [View article]
    I was struck by the bleakness and truth of this article--not because there are poor people, but because we are getting poorer as a nation, and nothing is going to change. And I don't blame Obama. As Rex Nutting said, it started with Laffer and it's bad.
    Nov 25, 2012. 09:07 PM | 2 Likes Like |Link to Comment
  • "It's my worst nightmare," says a long-only bond fund manager. "There's nothing I can do - the checks come in every day, and I have to invest (the money)." Aging baby boomers following conventional wisdom by steering their accounts away from stocks and to fixed income at these low rates could get a very expensive lesson, writes Jonathan Trugman. (see also[View news story]
    Right--interest rates are going up!
    Nov 25, 2012. 08:36 PM | 1 Like Like |Link to Comment
  • Why We Can't Take Inflation Hawks Seriously  [View article]
    The FED has done every thing it can to encourage inflation--doesn't matter: Our debt eats whatever the puny FED puts out there. They have forestalled the inevitable and in doing so made the upcoming correction of our debt that much more devastating. There cannot be inflation and there will not be any inflation until this mountain of voracious debt has corrected. There's no way round the mountain. After debt corrects, then expect unprecedented inflation. Until then, inflation is but a phantom in the over-heated imagination of an academic.
    Nov 25, 2012. 04:41 PM | Likes Like |Link to Comment
  • What's Driving The Markets And Where Do We Go From Here?  [View article]
    Very intelligent article, Joseph; I will read more of you. Thank you.
    Nov 24, 2012. 03:11 PM | 3 Likes Like |Link to Comment
  • A Macro Big Picture  [View article]
    I completely agree with you, Joseph: no inflation until the debt is corrected--and then--not before--the deluge.
    Nov 24, 2012. 03:11 PM | Likes Like |Link to Comment
  • 3 Key Metrics That Show Why We Can't Avoid Recession  [View article]
    Keynesian economics only work AFTER the debt corrects i.e. AFTER the depression.
    Nov 24, 2012. 03:11 PM | 7 Likes Like |Link to Comment
  • Why Worry Wednesday: Same Problems No Longer Bothering Markets  [View article]
    Good call Mr. Davis. And now that the bounce is over, I too lean to the crash scenario given the amazing stupor of the VIX.
    Nov 23, 2012. 02:55 PM | Likes Like |Link to Comment