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US interest rates ratchet ever higher

January 20, 2018 // 0 Comments

Yes, and one day the exuberant stock market will take note.  Here is my updated chart of the 3-mo T-Bill yield Remember, this is a market-driven rate (as opposed to the Fed-imposed Fed Funds rate – the only rate they really can control, and they follow the market).  T-Bill yields have risen 50% in only four months – a staggering increase. And the crucial [...]

Stocks zoom up even higher

January 13, 2018 // 0 Comments

Stocks continue screaming higher with 200 pip daily Dow gains almost commonplace.  Even momentary small dips of 50 – 100 pips are rarities.  My question: How much longer can this last?  I confess the rallies have carried far further than I expected a year ago, but in fact the Dow has advanced by an incredible 30% in that time. Of course, traditional analysts are [...]

Confusion still reigns in Crypto-land!

January 10, 2018 // 0 Comments

I confess I am really enjoying the mayhem prevailing within the madcap world of crypto-currencies.  And no wonder, when you have one of the thousands of virtual coins out there explode from 25 cents in early December to $3.25 (a gain of 1200% in a month), it certainly stirs up the juices of greed and fear (that is Ripple). This is truly the new Wild West of finance!  [...]

US stocks in final melt-up phase

January 6, 2018 // 0 Comments

The mania driving stocks is historic – the result of a QE-driven rush of funny money into the hands of money managers who saw the Fed offered them a free put option on share purchases.  The only way for shares was up (but only for the chosen few). But with just about everyone on board the bull gravy train, we are near that historic top.  Share indexes are [...]

2017 – A Tale of the Unexpected

December 30, 2017 // 1 Comment

Who remembers the 1980s British TV series Tales of the Unexpected?  They were stories with an unexpected twist at the end – and the stock market story of 2017 could well have been one of them! This Year of the Unexpected finished with shares coming off new all-time highs at the last moment, having climbed a mammoth Wall of Worry – and what worry!  Most sane [...]
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