What passes for “normal” today is in position to have its ass kicked inside the next three weeks. It takes a little bit of explaining – and reading G.A. Stewart’s outlook for the March 10-11 period (a Sunday/Monday) which he summarized in an article here. I know a lot of people who’ve done good work … Read More
It would take a supercomputer to model the contortions in financial markets today. Because while the early Futures were pointing to a Rocket Thursday moonshot, a more sober, inflation-adjusted view of Reality brings something else into focus. If I may? Hold the Phone: Cellular outages hit thousands in U.S., AT&T users most affected (cnbc.com) Statistically, … Read More
Just posted on the TurboTax forum today – you may find this of interest: I may have identified the import error E-Trade to TurboTax. I am an active trader and on import, the “disallowed Wash sale” is being double counted. I have both an old (E-Trade) and new (E-Trade by Morgan). Let’s look at the … Read More
Most folks become like the people they hang out with. But it seemed to me (on a reflective birthday weekend and all) that I really needed a more formalized checklist of “things to look for” in other people. Not that I’m putting myself above anyone else, mind you. In fact, it’s the opposite. I have … Read More
Now that I’m officially old – and the whole country took a day to mark the occasion – we can get on to the important business of doing??? Nothing. Yeah. This is one of those weeks when about the only thing to report on will be the “hatchet jobs” when political whozzits and whatzits will … Read More
Welcome to a pseudo-holiday. Got a bone to pick, though, if you think “holidays” are a good idea. The notion of a “holiday” stems (we read over here) from Holy Days. But, like so much else about cultural wisdom and belief sets, it has all been corrupted. “A holiday is a day or other period of time set … Read More
Dandy article on the G.A. Stewart website today about how the pending NYC truckers action – in response to bad governance – is actually something of a major milestone in Nostradamus forecasts. “Free City of Liberty Enslaved” is the article. And it resonates deeply around here. For a couple of reasons, actually. Pappy always raised us … Read More
No, the “Fat Lady” hasn’t started singing, yet. But in our ChartPack today, you can definitely get the sense she’s “tuning up.” Since this is a semi/sort-of Holiday Weekend, we will keep our remarks brief. I have a birthday party to prepare for – although living an isolated life, that means thawing a prime rib … Read More
In the back of my addled and aging brain, the notion that this is a Joe Harnell Market is being repeated. Over and over again. Fly Me to the Moon Bossa Nova. There’s no logic to what’s going on, unless you’ve studied previous financial stampedes. In which case, it fits a pattern. Bitcoin at $52,353.40 earlier, has … Read More
“OK, I’m capitulating on Bitcoin.” It was my consigliere calling on Wednesday to throw in the towel. This wizened old tax attorney had started the conversation by asking “Is this Uncle? Check Ure email. I send you and [redacted colleague] an explanation. I’m calling “Uncle.” Wholly without his consent, here’s what the email said: “OK … Read More
Plus 18 charts and forward projections in our ChartPack. Boy, do we know how to have a good time, or what? That nosebleed on Tuesday will not be far from our minds, though. Because if the Chiefs’ win holds as “the turning point” for this overpriced pig of a market, then coming weeks will see … Read More
With the CPI trainwreck this morning, look what’s it’s done to our trading boxes. Definitely looks like “Look out Below!” territory… This could be fun. Meanwhile, BTCs were headed down to $48.5K – which means this Wave 2 rally for BTC basis Nov 8, 2021 MAY also be over. And want me to take another … Read More
Welcome back to the poop deck of once Titanic America. Where the ship of state has been seriously holed, not by an iceberg, but excesses of Marxism and Monetarism. “If the right one don’t get’cha, then the left one will” sang Tennessee Ernie Ford. While loading 16-tons. Hot As Hell CPI “The Consumer Price Index … Read More