Many readers of this free site have written to ask if it’s too late to join the stock market rally. I don’t think so. We’ve come a long way since the end of summer, but there’s a lot going for the market that I expect to carry it for a while. I track a sturdy [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Did Geithner Doom The Dollar? | He said the same thing other countries said before devaluing their currencies. The QE2 Crossroads | The US is either a kleptocracy or a law-abiding republic with an imploded bank sector. November Stock-Drop Worries | With QE2 and elections [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Do We Need The Federal Reserve? | We once did fine without it and we seem to be hankering to end it. New Google Price Index Shows Deflation | Since official stats are slow, the much faster Google stat is the one to watch. How [...]
I guest co-hosted Rants & Raves yesterday, and had a nice conversation with Hal Blackwell, author of Secrets of the Skim, a book that shows the corruption of Wall Street from the inside. Blackwell worked in the insurance business before becoming a Merrill Lynch financial advisor, and wrote his book to expose what its subtitle [...]
We’ve been looking recently at a potential head-and-shoulders formation in the S&P 500, with the left shoulder being the January peak at 1150, the head being the April peak at 1220, and the developing right shoulder likely to be around 1150, too. There’s fierce debate as to when we’ll see that right shoulder, but that’s [...]
