I’ll be traveling today and will not have a chance to write the daily commentary. Regular posting will resume with Friday’s week ending analysis.
Rebounding Off The Lows
The markets headed higher yesterday accelerating right out of the starting blocks without hesitation. The 1,100 level on the S&P; 500 proved to be overhead resistance again, and we sold off that number in the afternoon as the rally faded on low volume, but it kept the major indexes on the plus side by over 1%. While this rebound, after …
Hugging The Flat Line
Yesterday’s early morning sell off was met with some bottom fishing, the markets rallied, fell back and ended up just about unchanged. Bonds continued their upward move, gold (incorrectly quoted above) gained almost 1% while oil dropped again. We’re still in no man’s land as far as domestic equities are concerned, which makes it a moot point to take any …
Deflation ETFs
With the bursting of the credit bubble, and the so far unsuccessful attempts by the Fed to reignite inflation, a deflationary scenario a la Japan seems to be a real possibility. In any economic environment, there will always be investment areas that will benefit by displaying upward momentum. ETFtrends had some thoughts on the topic in “ETFs to Tame the …
Sunday Musings: Bond Bubble Thoughts
Over the past year, much has been written in the mainstream media about the potential for a bond bubble bust. Those who have bet on that scenario by shorting treasuries have suffered big losses as the bond rally, supported by lower interest rates, has actually gathered steam. The wild card was the fact that, as I posted yesterday, we only …
State Of The Economy
This past week, some reality set in on a global level that especially the U.S. economy is not all it was cracked up to be. Of course, to readers of this blog, this should come as no surprise as I have repeatedly pointed out that the alleged economic recovery has been simply a mirage supported by reckless government stimulus programs. …