Michael Ashton

E-PIPHANY

Contributor since: 26 Feb 2010

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• Actions Speak Louder Than Words

  Published 07 September 2011 | viewed 0 times

  I start today with a couple of simple news items that I think speak volumes. However, in my normal fashion I will then write further…

• Priming The Pumps Again

  Published 05 September 2011 | viewed 0 times

  The stock market, which was recently dubbed "insanely cheap" by a number of observers, is in the process of getting even-more-insanely cheap. In any event…

• All Is Not Lost

  Published 01 September 2011 | viewed 0 times

  The heartwarming message delivered by today's ISM figures was all is not lost. It could be worse. Against expectations for a 48.5 print, the rumor…

• Quarterly Inflation Outlook

  Published 31 August 2011 | viewed 0 times

  For today's column I'm going to do something a little different. What follows is the Quarterly Inflation Outlook for Enduring Investments. This outlook is ordinarily…

• Fed To Business Cycle: Do You Feel Lucky?

  Published 30 August 2011 | viewed 0 times

  When the facts change, I change my mind as any good trader should (and the best traders furthermore define "facts" as "anything which other people…

• Less Convincing

  Published 29 August 2011 | viewed 0 times

  New York, and much of the East coast, is picking up after Hurricane Irene. While the hurricane itself delivered less punch than it was expected…

• An Obvious Metaphor

  Published 27 August 2011 | viewed 0 times

  When an obvious metaphor presents itself, I'm just not big enough to turn it down. As I write this, a hurricane is bearing down on…

• Constant Inconstancy

  Published 26 August 2011 | viewed 0 times

  The one constant recently has been volatility. Volatility can be a symptom of a number of different 'diseases,' and it is often hard to tell…

• Elation Should Ebb

  Published 24 August 2011 | viewed 0 times

  Equity markets melted up today, despite weak economic data, on fairly low volume. I know that it will feel manipulated to some of you, but…

• If A Tree Doesn't Fall In The Forest

  Published 22 August 2011 | viewed 0 times

  The question du jour is, what if a tree doesn't fall in the forest, but everyone was waiting around to hear it? Does it still…

• Unglued

  Published 18 August 2011 | viewed 0 times

  The precipitating force for today's selloff again came out of Europe, but this time it had plenty of help from events and data here in…

• Prosperity On The Layaway Plan

  Published 18 August 2011 | viewed 0 times

  I keep wanting to be bearish on bonds, but for the third day in a row the stock market was unable to achieve the 1200…

• Short Comment On A Quiet Day

  Published 15 August 2011 | viewed 0 times

  Lost amidst all of the cheering about the stock market's performance today - the S&P was up 2.2% - were a couple of key facts.…

• The Vampire Strikes Back

  Published 14 August 2011 | viewed 0 times

  Friday was a relatively quiet day. Indeed, equity volumes dropped one-third from Thursday's volume and back to what would have been considered for most of…

• Money, Money Everywhere (And Not A Drop Of Liquidity)

  Published 11 August 2011 | viewed 0 times

  For the time being, the oscillations have resolved in favor of the bulls as stocks soared 4.6% today (and it was well more than 5%…

• Recriminations And Repercussions

  Published 10 August 2011 | viewed 0 times

  It's the Europeans! It's the shorts! It's the short Europeans! I suppose it isn't surprising that the angry recriminations have already begun. But it is…

• It Won't Go UP Forever, Either!

  Published 09 August 2011 | viewed 0 times

  Stocks traded higher overnight and held those levels into the open, with bonds under pressure. Clearly, there was more than a little whiff that today's…

• It Won't Go Down Forever

  Published 09 August 2011 | viewed 0 times

  The worst possible thing that could happen to the stock market right now is a rapid bounce. A strong bounce would show that investors still…

• Fear and Longing

  Published 07 August 2011 | viewed 0 times

  Stocks avoided diving further on Friday - but at the same time, there was no overnight bounce to speak of going into the day. That…

• Same Song, Second Verse...A Little Bit Louder And...

  Published 04 August 2011 | viewed 0 times

  Well, needless to say there is a lot to cover today. The overnight session held a lot of intrigue. Japan intervened in its currency markets…