In retrospect all markets trends make sense. The left side of the chart, after all, is much easier to read than the right side. In our daily work we attempt to find a succession of clues to help up build a thesis which we then...
Read MoreWe are going to change gears somewhat and start with a fairly serious ‘macro’ perspective today. On occasion we have shown comparisons that argue that the share price of Coca Cola (KO) tends to trend higher when...
Read MoreWe are not sure whether we have done this before in a previous issue but our intent today is to show how the two lagged relationships that we have been discussing fit into a rather neat package. While coherence and simplicity...
Read MoreIf one were to make a list of the various excesses within the markets these days we imagine that gold prices being ‘high’ and natural gas prices being ‘low’ would have to be included. The strange thing is...
Read MoreWe have been arguing for some time that we expect the strong cyclical trend to persist through the fourth quarter and so far that has turned out to be reasonably accurate. While the reaction after the close yesterday to an...
Read MoreOct. 13 (Bloomberg) — Treasury 10- and 30-Year securities erased losses after the Federal Reserve said it would purchase about $32 billion in U.S. debt over the next month as it reinvests mortgage-holding proceeds. What we...
Read MoreOct. 12 (Bloomberg) — The smallest stock price swings and fastest economic growth in three years are convincing options traders that developing-nation equities are safer than ever relative to U.S. shares. Let’s jump...
Read MoreWe thought that we would start off today by checking back in on a couple of arguments that we have made in past issues. We throw quite a bit against the wall on a regular basis so it usually makes sense to look back to see...
Read MoreWe are not sure whether today’s effort is going to make sense but we will try our best. The premises are as follows. First, the current market cycle is somewhat similar to the Nasdaq’s peak into 2000. Second, the...
Read MoreWe have included three charts of the ratio between Wal Mart (WMT) and the S&P 500 Index (SPX). The chart at top right shows the time period between 1996 and 1998, the chart below right from 2007 into 2009, and the chart...
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