Apr 4, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

If Gold Corrects $20 Lower Or So, It Shouldn’t Make You Worried

Posted: 04 Apr 2010 03:01 AM PDT

In the March 26th commentary we wrote that given the historical significance of the RSI being at 70 and the fact that the USD Index has just touched the 50% retracement of the previous rally leads us to anticipate that the recent USD Index rally will stall out and retrace. In addition, a rally for PMs and PM stocks is looking more and more probable.

Since this is exactly what happened, we believe you might want to read our thoughts regarding U.S. Dollar’s and gold’s next move. Let’s … [visit site to read more]


The Federal Reserve’s Last Hurrah

Posted: 04 Apr 2010 01:01 AM PDT

During the 1990s, inflationary Federal Reserve policy fueled a tech stock bubble. When that bubble burst, the Fed inflated a larger one in real estate. Now that the real estate bubble has burst, the Fed is inflating the biggest bubble of them all - a bubble in government. While the earlier booms at least provided the illusion of prosperity and some fun while they lasted, the government bubble will cripple the economy and deliver widespread misery to the vast majority of Americans.

Of … [visit site to read more]

Biggest 3-Month Gain In The Dow Since 1999

Posted: 03 Apr 2010 09:52 PM PDT

DailyMarkets.com (New York) - U.S. stock markets were closed Friday for Good Friday. For the holiday shortened week, major stock indices climbed for the fifth consecutive week ahead of the government’s March employment report, with the Dow having its longest winning streak since April last year. The Dow rose 0.7% to close at 10,927.07; the S&P 500 index gained 1% to 1,178.10, and the Nasdaq climbed 0.3% to 2,402.58.

On Friday, the Labor Department announced that U.S. employment in March … [visit site to read more]

Not Gone Away

Posted: 03 Apr 2010 07:31 PM PDT

It’s hard being a bear these days. In fact, what I’m experiencing right now reminds me of the frustration and pain I felt back in 2007, when clueless Pollyannas were enchanting the masses (and the media) with talk of a neverending Goldilocks economy and the wonderful job that policymakers were doing to keep things on an even keel.
In the end, my belief that reckless borrowing, speculation, and risk-taking, myriad unsustainable imbalances, and mindless complacency would end badly helped me … [visit site to read more]

No comments:

Post a Comment