The Death of Paper Money http://dld.bz/nJJG This is a must and interesting read.
MJ Credit Guru-The recent performance of the credit markets indicates that corporate and bank credit market weakening has ended.
MJ’s “credit to equity” model suggests that the equity market (SPX) is still cheap relative to credit and has room to rally.
SP-500, GLD and GDX – Sentiment Trumps Everything http://dld.bz/nJYz
The extra yield investors demand to hold Brazilian dollar bonds instead of US Treasuries for 30-years, has shrunk to 200-bp from 700 bp
Brazil’s Bovespa, 60% commodity related broke thru key resistance at 65,000 after Shanghai red-chips broke thru resistance level at 2,500
The Commodity stars are aligning in Brazil’s favor. Copper surged 9% this week for its biggest weekly gain since February
Reuters CRB Commodity Index breaks out leading stks http://www.mrci.com/client/crb.php
July Consumer Confidence 50.4 vs. 51.0 consensus; prior revised to 54.3 from 52.9. Mkt rallies on news cause bad = more liquidity
Bad is good: June Durable Orders -1.0% vs +1.0% Briefing.com consensus, May revised to -0.8% from -0.6%
Q2 GDP- advanced +2.4% vs +2.5% Briefing.com consensus; MKT sells off on news. But dont forget bad is good. MKT will recover
GDP Misses Expectations, Comes At 2.4%, Plunges From Revised Q1 GDP Of 3.7% http://dld.bz/pxFp Here come QE2
“Rosenthal Investing Axiom: When CNBC et all call for imminent market demise expect instantaneous market rally.”
Disclosure: Own Gold