Top Gun Gets More Than 1300 Visits In The Week Sept 17-21
Top Gun’s readership is starting to build and we got more than 1300 individual visits last week (graph).
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Helicopter Money Causes Gold Explosion, Dollar Crash
The gold market “is telling us that the Federal Reserve has no inflation fighting credibility.” – Ralph Preston, Account Executive, Heritage West Financial “Foreign investors would be foolish to buy US investments knowing that the value of the dollar will decline.”…
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It’s Dangerous To Bet Against Goldman Sachs
As the market grinds through what looks to be a relatively slow, consolidation day, I took a couple hours this morning to review the quarterly earnings a bunch of investment banks released this week. Overall, Goldman’s earnings came in remarkably…
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January 3, 2001: The Last Time The Fed Cut Interest Rates By 50 Basis Points
I just did a little interesting historical homework and researched the market reaction to Greenspan’s intermeeting rate cut on Wednesday January 3, 2001 from 6.5% to 6% – the last time the Fed cut the Federal Funds rate by 50…
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28:1 Up to Down Volume and 9 Out Of Every 10 Stocks Advance
It was a truly monster day on The New York Stock Exchange. 3043 of 3434 issues advanced – a ratio of almost 9 to 1. And up volume of 1.59 billion of a total volume of 1.6475 billion means that…
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Bernanke Changes His Tune, Cuts Fed Funds Rate By 50 Basis Points
Today Bernanke and the Fed surprised most everybody with a 50 basis point cut to the Fed Funds rate. The cut has been a potent catalyst for the stock market (Tue 9/18/07, Close): Dow: +336 or 2.51% S&P: +43 or…
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All The News Is Good Means Sell
“There’s a bit of cautious optimism heading into the Fed meeting this afternoon.” – Robert Pavlik (subscription required), Chief Investment Officer, Oaktree Asset Management We’ve had quite a nice move in the markets over the last week plus. Since the…
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Pet Sales Is A $41 Billion Industry
Did you know that pet industry sales are the 2nd fastest growing retail category behind electronics? It’s a bull market in pet supplies!!!! You absolutely must read this fabulous LA Times article on the growing pet industry. Check out the…
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December Gold Closes at $724 Ahead Of Fed Meeting
“The market is convinced that the dollar will go down after a Fed Funds interest rate cut.” “There is little doubt that gold is now here to stay above $700 and the market is reflecting it.” – Julian Phillips, Analyst,…
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Front Page WSJ: “Too Much Hope May Be Pinned On Rate Cut”
On the front page of today’s The Wall Street Journal an article titled “Too Much Hope May Be Pinned On Rate Cut” (subscription required) nicely lays out the varying views towards the effectiveness Fed rate cuts tomorrow and in the…