A Perennially Poor Market Timing Tool, Why is the Shiller P/E Ratio Critical all of a Sudden?
Take a look at the rolling 10 year average P/E ratio on the SPX below. It current stands at ~22.5x. What do you notice? Why has this level been so important in the context of history? Why is it that…...
Long-Term Meat Product Bull Market Over? Impact to Stocks & Industries?
The first half of this post’s title is not a joke. In the charts below live and feeder cattle have been battling quarter-century, long-term channel resistance over the past two years, having, along with the rest of the commodity group,…...
All Over for Housing Re-Inflation?
Both lumber and LEN face significant long-term channel resistance in the charts below. Is the Bernanke-inspired housing re-inflation run over for home-builders and housing in general?