One of the biggest dangers to the ‘always up’ markets has been the ultimate Ponzi scheme – the China property market. Values has soared way beyond what most rational observers could imagine. And of course this is one of...
This will be a short and sweet blog today. Last week the Fed continued their habit of not frightening the horses with their ‘bullish’ noises. But no matter, stocks crumbled anyway with the Nasdaq particularly hit hard. What a...
I was somewhat amazed by sterling’s strength as it climbed off its March Corona Crash low of 1.14 – and especially from the mid-July levels around 1.26 to the 1 September high at 1.35. What were traders smoking? Yes,...
In the blink of an eye on Thursday at approx 10 am UK time, the rocket-propelled Nasdaq started the biggest slide it has experienced for decades. The charts of the big name tech FAANG and other issues (including Tesla,...
I have never bought into the panic over Global Warming (aka Climate Crisis) ever since it reared its head way back in the 1980s. For one thing, the earth’s temperature – a nebulous concept at the best of times...
Our most successful and accurate futurist George Orwell in the 1940s authoured two of the most widely-read dystopian allegories of all time – 1984 and Animal Farm. I read both when about 13 or 14 and they made quite...
It’s the dog days of summer alright. August is the traditional month for holidays – and light trading volumes – but this year, traders are probably on their laptops at home joining in the fun provided by the Robinhooders....
That seems to be the majority view while everything is in a sharp uptrend. But that is entirely normal. Human nature is hard wired to believe the higher a market rises, the higher and faster it will go. Especially...
One kind reader chastised me last week for being too verbose in my blog. He wanted me to cut to the chase. So today I am doing just that. We are at or very near historic turning points in...
I have long been fascinated by the phenomenon of herding. Many animal species do it seemingly automatically. For deer, a close knit group offers some kind of defence against predators who prefer to pick off stragglers rather than to...
If you recall at the start of the Corona Crash back in Feb/March, I stated that there will be a major reversal in attitude from lavish consumer spending to one of greater conservation. I stated that the massive record...
The big event of the past week was undoubtedly the much-watched US non-farms jobs report on Thursday. It was a real shocker with a huge ‘beat’ to the upside. Stocks surged immediately on the news with the Nasdaq making...