By Dominic Picarda. While there’s a lot of talk of the indices having gone too far, too fast and being overstretched right now, there’s little evidence of this where it counts. Only the DAX is formally overbought according to its daily relative strength index, whereas the S&P 500 and FTSE 100 are not. As such,…
Asian stocks have risen for a third consecutive session after Chinese leaders pledged to allow more private investment in state-controlled industries and expand farmers’ land rights post the Communist Party plenum meeting. The initial reaction to the Chinese political reforms was a negative one but as we’re getting more detail, it looks like this is…
By Zak Mir. Currency Majors: We have an uneasy truce as far as leading currencies are concerned, with the Euro and Sterling attempting to regroup versus the U.S. Dollar. However, it would appear that Dollar / Yen has completed its near term consolidation and is set to rally well above the 100 level. Euro…
Miss Cohen of “Mr Squid!” In what is likely to be the last real signal to get the hell out of dodge, headlines out that one of the chief cheer leader’s of the millennium equity bubble – one Ms Abbey Joseph Cohen – stating that equities have further to go, raised my eyebrows this morning……
THE LUNATICS TRULY ARE IN CHARGE OF THE ASYLUM. BRING ME MY GOLD!!!
“We spend our time searching for security and hate it when we get it.” — John Steinbeck. One of the basics of Dow Theory is the thesis of three psychological phases in both bull and bear markets. In a bull market, which we are now in, the first or initial phase is the early accumulation…
Take a look at the chart below. It depicts our friends the “anal”ysts own estimates of company earnings at the top, and the actual results at the bottom. We can see just how continually optimistic they are and only on the days leading upto the companies earnings release do the estimates lower as “guidance” is…
By Zak Mir. The breakdown in Bowleven (BLVN) this week is yet another reminder that the severest sell-offs can strike the most beloved stocks on AIM. Earlier in the summer, would be potash producer Sirius Minerals (SXX) also came a cropper. It is often the case that companies such as BLVN and SXX attract die…
By Sasha Cekerevac. Over the last few days, gold bullion in U.S. dollars has been under selling pressure yet again. With the price of gold bullion pulling back, one obvious question arises: what’s the appropriate investment strategy at this point? Many are pointing to talk that the Federal Reserve is about to reduce its monetary…
