Markets

Feb 06, 2011 at 13:08

The best traders know when it is time to get opposite the herd. This is not easy to do because the act of being contrary by definition comes with much…

Feb 06, 2011 at 13:05

According to the Chinese calendar it's the Year of the Rabbit. The leading Asian brokerage firm CLSA reports the Rabbit will "wrest the reins from the decidedly unpleasant and erratic…

Feb 06, 2011 at 09:12

Ever since the March 2009 rally, the major push ups have lasted 44 to 54 trading days. Since now we're at the 46th trading day so chances are good that…

Feb 06, 2011 at 08:04

Yes, this market -like Superman of yore - is untouchable. There is no use in saying this or that will happen until it does. Overbought, over bullish, over valued, and…

Feb 06, 2011 at 08:02

We would not be convinced that a multi-week decline has started until our three short-to-intermediate term momentum indicators, which are rarely fooled, generate new sell signals across the board.

Feb 05, 2011 at 07:39

There is nothing new this week, new highs continue to lag, but, for prices, the trajectory is upward.

Feb 04, 2011 at 19:37

Total Commercial Paper outstanding increased $7.8bn to $996 billion. CP was down $126bn y-o-y, or 11.3%. Global central bank "international reserve assets" (excluding gold) - as tallied by Bloomberg -…

Feb 04, 2011 at 19:35

Investors are good at absorbing short-term information, but they are much less successful at absorbing bigger structural trends and understanding when secular breaks have occurred. Perhaps investors are like the…

Feb 04, 2011 at 18:59

Manias are fascinating to study in history, but are hard to accept if you are living through one. The most memorable ones in history require two elements, crowds and credit.…

Feb 04, 2011 at 18:57

I have many times accused public unions of winning contracts by extortion, bribery, graft, vote buying, and getting into bed with administrators. Thus, I am not surprised to learn that…