Author: Philip Davis

Here we are again!   The last time I wrote a Breakout Defense article was back on December 11th when I said: “Wow!  I mean wow! Will this market ever go down? My mother called me this morning and she’s raising her GDP...

Ben Bernanke spoke yesterday. He said the usual stuff, that inflation wasn’t his fault (and what inflation anyway?), that the economy was strong but would require more free money until the Fed sees a turn around in employment....

It is down but not yet out.   The once mighty US dollar flops around in the mid-70s like a fish out of water, gasping for it’s last breath.  Like the Emilio, the goldfish (see link), it would be very easy for the powers that be...

Of course it’s Groundhog Day today.   The movie “Groundhog Day” is one of my all-time favorite films and our foreign readers would do well to remember that we live in a country where thousands of people actually do...

Courtesy of Scott Martindale, Senior Managing Director The past few days have given us a wild ride in the markets, thanks primarily to unrest in the Middle East. After this extended run since December 1, I have been waiting for...

Fundamentals don’t matter so let’s look at the technicals. As you can see from David Fry’s chart,     IN PROGRESS      

The PCE bothered me yesterday. The Government told us that the PCE core price index for December was 0% – no inflation at all.  I found that to be incredible – as in not credible at all and then Tuscadog asked me how long the...