Per my email this morning about only giving this market a day or two worth of leash before giving up and turning structurally bearish, the analogs call for an insane launch higher, basically begining in and around this week. As…...
We’ve been of the opinion that if the SSEC were to continue lower, it would not necessarily be indicative of an imminent global slow-down/recession/equity collapse. That thesis is largely derived from the chart below, which plots the path the SSEC…
Stepping away from the “only prices matter” meme for a second to highlight some more work on the Chicago Fed National Activity Index (CFNAI). Historically, when the rolling 3 month average of this index hits and/or dips below a reading…...
All the way back on August 27th we noted the SSEC was in the process of breaking below long-term support dating back to 1994. At the time, we noted that while such a break was unlikely to be an incremental…
At just under $2.00, RSH finds itself down 98% from its all-time highs in the late 90s. We’ve talked a lot about old-line retail on this site and in emails, with these discussions largely centered around the likes of BBY,…...
More on the sentiment side of things today. The chart below shows the proportion of Rydex assets that sit in money market funds as vs. total assets at the fund family. The higher the %, the more people are fearful…...
Had struggled to find anything that was suggestive of excess bearishness recently until stumbling across this last night, which I pulled from SentimenTrader. The chart below shows the net long or short position that Hulbert Financial Digest newsletter writings are…...
In this post we highlight our post bubble analogs to see how close housing-related stocks and Nat Gas have come to lessening the valuation gap they’ve recently exhibited vs. where other bubbles have tended to trade some ~375-400 weeks after…...
We’ve mentioned YHOO bullishly on the site two times in recent months. Here, we noted YHOO was likely to grow closer with AAPL over time given the combination of the latter’s disdain for GOOG and flop in Maps on its…