Dollar Love
Two prominent articles on the dollar rally/euro crash. One in Barron’s this weekend: “Will The Euro’s Pain Be U.S. Stocks Gain?”, Kopin Tan, Barron’s, February 13. And then on the front page of today’s WSJ: “Dollar Up As Euro Reels”,…
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Top Gun FP Client Note: Deja Vu All Over Again
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Dorfman: Invest For The 2nd Stage Of The Bull Market
From Jan. 19 through Feb. 4, the Standard & Poor’s 500 Index, a decent gauge of the overall U.S. stock market, dropped about 8 percent. Among the reasons sparking the decline were President Barack Obama’s proposed tax on banks and…
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Top Gun FP Client Note: The Fear Beneath The Surface
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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The Return Of Greed
Minyanville professor Jason Goepfert of Sentimentrader.com noted last week that individual investor exposure to stocks is the highest since October 2007 while exposure to cash is at levels last seen in August 2000. It’s amazing really, almost like the financial…
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Goodman NYT: Divergent Views On Economy
We’re really coming back. The expansion is picking up pace. – Allen Sinai, Chief Global Economist, Decision Economics You come back to the unfortunate reality that the underlying problems are still very much there. It’s going to be a long…
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Interpreting Bernanke As Time’s Man Of The Year
Cover stories about the stock market tend to occur at points near maximum momentum on the upside or the downside. – Steve Sjuggerud, “Wringing Profits From Magazines”, Investment U, July 8, 2003 What does Time Magazine putting Ben Bernanke on…
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The Bulls Are Idiots
Last week, two prominent commentators came out with bullish pieces. I was anxious to read them to measure the bullish case, but in the end I was unpersuaded. ***** The first piece was from Princeton Economist, and former Vice Chairman…
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Top Gun FP Client Note: The Risk Trade
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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All About The Benjamins
The last three days trading is all about the benjamins – the dollar, that is. The better than expected Friday November Jobs Report has triggered a powerful rally in the dollar. That’s because it has led investors to believe that…