Call me an unreconstructed doubting Thomas, but I have always questioned the accepted rationale behind the “Good” of Good Friday. Why was it “Good”? After all, this is the day Jesus Christ was crucified, for heaven’s sake. And this should bring into question a great
I am sure I am not the only one who is wide-eyed at the strength of the stock market rallies over the previous six weeks or so. From the depths of the intense gloom surrounding markets in mid-October to the almost euphoric stance of the
As I have been maintaining all along, the Net Zero fantasy is the pin the stock market bubble has been looking for. Shares fell very hard yesterday and with huge rises in energy bills looming, economies are on the brink of severe implosions. The Law
The benchmark US 30-yr Treasury yield reached its historic low just above 1% in March 2020. What a time to short them! Back then, stocks were finishing up their Corona Crash and the Fed was assumed to be pulling out all the stops to keep rates ‘lower for longer’. There was even talk about the Treasuries going negative as so many European sovereigns were.
Bears are highly evolved social animals with intelligence comparable to that of the great apes. Bears often share friendship, resources and security. So is that why the Russian bear and the Wall Street bear have joined forces to do battle with the all-conquering Wall Street bull ( for security)?
The last holdout of the Great Asset Mania – the Dow and S&P – made their final highs just this month. The other major indexes, such as the Russell 2000, Nasdaq and especially China, have already topped (the Nasdaq and Russell 2000 in November). China topped a year ago and is off by a whopping 30%.
I believe last week will go down in history as the week that stock indexes rolled over into long term bear markets. That marks the end of the Great Asset Mania. The world is entering a much more conservative phase where rampant speculation will no longer be rewarded. And savings accounts will be treasured, rather than shunned as they are today.
