As stock market bears gasp in disbelief, the Dow powered into even higher highs in the scorching post-Christmas rally yesterday. Does something smell fishy to you about this stunning move? It certainly did to me – until I discovered who the big buyers are. And
January was a record-breaking month for shares (but not all) – just as was December, but in the opposite direction, of course. If you had taken a vacation in the winter sun in those two months you would have asked what all the fuss was
At significant market turns, such as we are now in, divergences between related markets proliferate and become stark. We have them in stocks and gold/silver. Such is the case in stock markets where the leaders in the current stock market push are getting thinner with
Ever since the big crash of 2007 – 2009, I have been forecasting a deflationary depression for the global economy. I realise this is a very bold call. Some would even say it is totally nuts given today’s ‘Goldilocks’ economy.. What could possibly go wrong?