Goldman Sachs woke up and read the Wall Street Journal today; and it prompted them to recommend shorting the S&P 500 to their clients. The recommendation came amid another wave of negative Market fundamentals. A short sale is performed when an investor believes prices are going to move lower. Goldman, therfore, sees “the market” moving...Read More
For those of you who know how much I like to keep it Real, know this: it’s easy to get caught up in the daily mumble-jumble of every day life. Perspective is key during times like these. Now, more than ever, losing focus is a costly proposition. Stocks bounced around this week but gold was steady,...Read More
Negative Market fundamentals continue to pour in all over the world. Pick your crisis: Greece, Spain, Italy, Portugal, the slowdown in Asia, the United States – whatever the case – they’re all getting worse. The problems overseas, as we know, are both monetary and fiscal. Key elections are to take place in Greece this weekend,...Read More
Benchmark investment indicators turnaround again this week, as the Dow Jones Industrial Average and gold continue to twist around breakeven for the year. Using gold as an indicator of money and the Dow as one for economic activity — both look confused. In the current environment, with bad money policy and negative Market fundamentals, stock...Read More
While China is lowering interest rates and easing reserve requirements for banks, Federal Reserve chairman Ben Bernanke reinforced his wait-and-see approach before reassuring banks, and Wall Streeters, that he was ready to act if necessary. “We have a number of different options” he told a Congressional panel – should the cancer in Europe spread to America. But...Read More
The Dow Jones Industrial Average continued its correction this week ending June 1, 2012. The Average lost 339 points, or 2.7%, of its value in this four-day trading week; and is now down 1% for the year. The 15-51 strength Indicator was also down for the week, shedding 1.3% of its value. Despite poor Market...Read More
