News

Let’s begin with news and markets – to work up a good appetite, right? As we told you in advance, expect a rally Wednesday and what shows up?  Yes, that’s right – the reason the Bearish Mister sits on his keester. The BIG wave count is in yellow.  Next level is white.  Then Green. got … Read More

Durable Goods and a PMI report tomorrow? Spiced with the latest crypto religion revival talk?   Like Hecklefish says, “Oh boy…” Our consigliere was just south of Little Rock (*Arkysaw) leaving us just time to make the last-minute food and booze run.  Turkey will be tomorrow night and prime rib Thursday.  If you’re in the neighborhood…keep driving. For … Read More

Somewhere in the middle of the night (“It’s 2:13 AM” Alexa tells me) it occurred to me that Elaine and I haven’t taken a vacation this year.  Although we will have articles every day this week (two will be on the Peoplenomics.com side), brevity will make a rare appearance at some point. Our consigliere will … Read More

Ah, time of the year when the really important stuff goes on the menu:  Remember to pick up the catered turkey dinner.  Thaw out the monster Prime Rib in time for Thursday (doing turkey Wednesday).  And then? Big decisions, too:  Glenfiddich or Glenlivet?  See why my head hurts? What trip to Texas for our consigliere would … Read More

Early market futures were up over a hundred on the Dow and the look of the S&P was (*early) positive, as well.  Looks like carryover hype. The real story will be along after Europe closes and most of the remaining options start falling out, for it is that day of the month. We are not especially … Read More

Welcome to Happy-Talk Overshoot Territory! Maybe you didn’t notice over the past week, or two, but seems to us that when we look at one particular way to roll up a comparison of 1929 and present market conditions, there’s a whiff of “passing happy-talk peak.” Let me show you what I mean: See what’s missing???  … Read More

If you read the Monday column here, you should be impressed.   When posted (ungodly early) I made a ridiculous forecast for the closing S&P Monday: “Although, if we could jump in a time machine and pop right to the close today, a 37-point decline in the S&P 500 would be a marvelous dart toss.” … Read More

Peering ahead at the day, we see that Gold is down about $16 bucks going into the U.S. open (no, not of golf!). This will place gold at $1,754.70 according to the Kitco charts. Let us do the math for you on how Ure’s Crazy Values Theory says things might work out today: The starting price … Read More

Some time back, I told you I was going on a buying binge for inexpensive Chinese “parking heaters.”  These are similar to the Webasto and Espar units that have kept truckers warm for decades.  Thing is, these are about 1/1oth the price. In fact, since my shop is part hardware store, off a compact enough shop to make … Read More

I lost money in a short position Thursday.  My loss?  $14. How disaster was avoided was the diligent use of stops.  Usually of the “on quote” variety.  The core idea being every trade starts off being about a 50-50 proposition.  (See Burton Malkiel et. al A Random Walk Down Wall Street). Based on work by … Read More

I suppose we should begin this morning’s roll by unveiling the new Consumer Price report just out from Labor: “The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last … Read More

This being Election Day, we’re taking the unusual move of not talking about anything on the ballot – of is pretended to be so damn urgent that you have to vote for one clown, or another, who can’t change the Law of the Land single-handed, anyway. Have fun with that. We don’t know which one … Read More

There is a (sick) high art in Politics, American style.  Non-Solution. Issues come up, are cast about as “major campaign issues” – planks in party platforms – and despite being there (in the case of abortion rights) for more than half a century, they just never seem to get solved. Mind you, I’m not the … Read More