"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •379 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,489.00 | +16.90 | +1.15% |
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WTI Crude •11 mins | 67.61 | +0.07 | +0.10% |
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Gasoline •12 mins | 2.172 | +0.002 | +0.07% |
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Ethanol •379 days | 2.161 | +0.000 | +0.00% |
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Silver •379 days | 30.82 | +1.16 | +3.92% |
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Silver • 379 days | 30.82 | +1.16 | +3.92% | |
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Copper • 379 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 69.58 | +0.06 | +0.09% | |
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Natural Gas • 11 mins | 3.533 | -0.009 | -0.25% | |
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Heating Oil • 12 mins | 2.470 | +0.005 | +0.20% |
Markets
Don't Buy the Dow's New High
This week, the professional stock market boosters, who masquerade as wise market commentators, filled the airwaves with celebratory musings on the significance of a record high Dow.
Aggressively Throwing Caution To The Wind
Some steadfast bears are reiterating that the U.S. stock markets are rigged, that the Dow is only making new highs because of timely component changes, and that any new highs…
ECB Hikes Refi to 3.25%, Will Likely Move Again on December 7
After raising rates at a rather leisurely pace in the first half of this year - December, March, and June - the ECB has picked up the pace, with increases…
When The Suckers Are Marchin' In
Dow at the record! Celebration time! Well, we have predicted it, one might say, our most likely resistance was a new all time high and it has arrived. Our opinions…
What Now, Dow?
Are we overbought in the near term? Yes, but not wildly so. Certainly breakouts in most asset classes the last couple of years have tended to pull back, not carry…
Bernanke Passes The Buck
We know that the retirement of baby boomers poses enormous challenges. Bernanke expressed the urgency of fiscal policy reform to pave the way for either greater government revenues or lower…
Intraweek Alert
It appears that the markets are setting up to make a challenging run, which might end badly, but until then, we don't want to be in a short trade.
Corporate Profits - Where Do We Go From Here?
As of last Tuesday the net long position held by small speculators ticked up slightly - but it still remains the third smallest long position held by small speculators in…
Diatribes of a Deflationist 2 - Why They are Still Wrong
About this time, when some aspect of the economy is in trouble, the deflationists come out of the wood work with the equivalent of sticker shock "catch phrases" and "hunker…
E-Economic Newsletter
I don't know if it was because Total Fed Credit was down again by $3.7 billion last week, or that foreign central banks pulled out $12 billion from their account…
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