Just a few days after posting Where There’s a Boom…, European Central Bank president Mario Draghi announced that he was ready to follow America’s lead and implement a Euro Zone version of quantitative easing (QE) – this in an attempt to soften its deepening economic crisis — and it sent stocks flying. Like in the U.S.,...Read More
As the Federal Reserve inches closer to implementing another round of monetary smoke and mirrors, gold has once again taken over the Dow Jones Industrial Average for the year. Gold is up 8%, the Dow added 7%, while the 15-51 Indicator has gained a stunning 40% so far this year. It is, in fact, performing...Read More
The Dow Jones Industrial Average shed 1% of its value this week as news surrounding the “fiscal cliff” continued to mount. To the contrary, the 15-51 strength Indicator gained 1.5% and gold rose more than 3%. Here’s the year-to-date picture. The Dow and gold have been in a street fight for most of the year. One indicates...Read More
“The market” continues to tiptoe towards the action zone’s high point. The Dow Average is up 8% for this year despite lackluster economic growth and poor Market fundamentals. Stock market strength is up 34% year-to date and gold is keeping pace with nominal GDP, up 3%. Here’s the picture. For the most recent twelve months, the DJIA...Read More
I’ve been following the facebook scandal since before the stock hit the street. In Facebook Flop, Too Big to Succeed, I said “IPO’s commonly find their way into mutual funds. So if you own a mutual fund you might have lost a few bucks on facebook and don’t know it [yet]. That’s another hidden cost of pooled investment...Read More
Investment is about one thing – growth. Stocks perform best when economies are growing briskly in Real terms. Real growth, as we know, is growth adjusted for inflation. For some reason it has gone largely unreported that Real growth dropped more than 20% from the first to second quarters’ of 2012. Here’s the table of...Read More
Stock market strength has been flat three weeks running while the Average continues to bounce around, looking soft in the process. Here’s a look at the most recent 12 months. Stock market strength looks scared to move higher, and with current Market conditions, who could blame it. Looking at gold’s trend-line, especially the last few...Read More
Still hung-over by recent Supreme Court missteps, the stock market reflected my blahaissez-faire sentiment in a mish-mash of trading. After losing almost 400 points in six consecutive down sessions, the Dow Jones Industrial Average got half of it back on Friday, ending up 204 points. The Average eked out a 1% gain for the week while stock market strength...Read More
Jul 07, 2012 Let me begin by saying that I’m not a lawyer and I have a plaque on my desk to prove it. But I can read, and have an independent mind. My goal in this blog area, as always, is to provide you – the independent investor – with all the tools and analysis required...Read More