While stocks suffered hugely volatile up/down swings last week (and were a nightmare to trade), traders in the oft-neglected agricultural commodities that are continuing their spirited recoveries (as I have pinpointed in recent blogs) enjoyed sleep-full nights. Stock index traders have not had such restful
Ever since I first came across the growing anxiety over the ‘climate change’ meme early this century, one of the most remarkable features has been the escalating growth of the confidence (hubris?) of our leaders to claim to be able to alter the natural trends
With Thursday’s revelation that a major US Venture Capital (VC) bank has gone bust and another California retail bank is in difficulties, the trigger was pulled for the start of the Great Wipe-Out. Suddenly, the eyes of investors swivelled round from staring at next week’s
The bond markets have been receiving a little more than their usual non-attention recently. Most traders/investors ignore them and the vast majority of MSM financial coverage is still directed at shares. After all, shares are sexier and bonds are frankly pretty boring. The usually totally
The strong bear market rally in stocks continues – but is on over-borrowed time. We may or may not be there yet, but are getting much closer. One of the signs of an end to a second wave bear market rally is that bullish sentiment
Investors have been desperate for yield – as they have for some time. And junk debt – the very riskiest – as one of the few remaining areas to offer a positive yield, the bond mania is well and truly on. And the bond pundits
In a reverse of Alice in Wonderland’s fall down the rabbit hole (read the book again or see the Dsiney film – they’re great!), Disney shares rocketed yesterday with the news of its new streaming service with rival Netflix going the other way. Incidentally, I
ANNOUNCEMENT I have now launched my revamped website and is now live and I invite you to take a look. We have made it more contemporary and in tune with modern tastes. But the ‘guts’ remains the same – a shop window on my remarkable and
In a previous post The Oil Price is Suddenly Hot News – Has it Topped?, I pointed to the manic extreme bullish posture of hedge funds in the crude oil bubble which was waiting for the pin to arrive. It duly arrived on Friday. It
Last time, I explained at length why your views are not nearly as important in forecasting the price path as that of the other traders. Unless you have more funds available than hedge funds, central banks and governments put together, your trading will have precious
US short term interest rates are still rising fast. Last year, I noted this process was starting and suggested that the soaring stock market would one day soon take note. And on January 29, the Dow and S&P finally got the message. Better late than
