Logo Background RSS

Advertisement

March 2013 | Elliott Wave Analytics

  • Cash Near Record Lows. Margin Debt Near Record Highs.
    By on March 31, 2013 | No Comments  Comments
    Earlier this month I shared that cash levels/negative net worth in brokerage accounts were nearing the lowest levels in history. (see post here)   The last three times levels were this low the market fell in price. My mentor Sir John Templeton said the four most dangerous words in investing ar...
  • David Stockman: We Were Lied To, Robbed, And Misled
    By on March 31, 2013 | No Comments  Comments
    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider’s insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does. Then, when the Fed’s fire hoses star...
  • Cyprus: Finally Kills Myth That EMU Is Benign
    By on March 31, 2013 | No Comments  Comments
    This piece from Ambrose Evans-Pritchard is about as hard-hitting an analysis of Cyprus as I have read and really makes an interesting introduction to this week’s Outside the Box. No messing around: Capital controls have shattered the monetary unity of EMU. A Cypriot euro is no longer a core e...
  • Weekly Market Technical Outlook: March 29, 2013
    By on March 30, 2013 | No Comments  Comments
    For the week ending March 29, 2013, the SPX was up 0.8%, the Russell small caps were up 0.6% and the COMP was up 0.7%. Though the S&P 500 has now closed at an all time high all indices remain flat and in a confluence zone per the model. Price may still push higher but there are some very clear ...
  • Junior Gold Producers 3
    By on March 30, 2013 | No Comments  Comments
    It’s well known that a huge chunk of global gold production is performed by a small group of very large mining companies.  These mega-miners own the world’s biggest mines, possess the deepest pipelines of projects, and for the most part have large coffers that easily support reserve renewal via...
  • ECRI Recession Update: Weekly Leading Index Steady
    By on March 30, 2013 | No Comments  Comments
    The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) to one decimal place is unchanged from last week. It is now at 129.7, the same as last week’s downward revision from 129.8. See the WLI chart in the Appendix below. The WLI annualized growth indicator (WLIg) has...
  • Latest Consumer Confidence Dives
    By on March 30, 2013 | No Comments  Comments
    The Latest Conference Board Consumer Confidence Index was released this week based on data collected through March 14. The 59.7 reading was well below the consensus estimate of 66.9 reported by Briefing.com. Today’s number is a return to the weak level in January after an improvement last m...
  • Now The Most Critical Time For Markets Since 2007!
    By on March 30, 2013 | No Comments  Comments
    The economic recovery has stumbled in the spring and summer of each the last three years. It’s not the market’s biggest problem, but it looks like it might happen again this year. Reports this week showed new home sales unexpectedly fell 4.6% in February, the biggest monthly decline in two years...
  • New Update: Weekly Market Bill Of Health
    By on March 29, 2013 | No Comments  Comments
    The markets continue to march higher and remain resilient to any news out of Europe regarding Cyprus. That said, we are seeing a loss in momentum and weakening in breadth measures that suggest caution as we may be treated to the market’s first real pullback for the year. Even then, the short to lo...
  • Tailwinds Pushing The US Dollar Higher
    By on March 29, 2013 | No Comments  Comments
    If we shed our fixation with the Fed and look at global supply and demand, we get a clearer understanding of the tailwinds driving the U.S. dollar higher. I know this is as welcome in many circles as a flashbang tossed on the table in a swank dinner party, but the U.S. dollar is going a lot higher o...
  • Cyprus: Who’s To Blame?
    By on March 29, 2013 | No Comments  Comments
    If you listen to the likes of Jeroen Dijsselbloem, (LINK)  you might conclude that the problems in Cyprus were all about the big offshore depositors who flooded the local banks with cash. It you start with the ‘logic’ that the depositors are to blame, then it’s not hard to reach a ‘soluti...
  • The Numbers: Facebook Growth Reliance On Developing M...
    By on March 29, 2013 | No Comments  Comments
    I’ve been hard on Facebook over the last year or so, and especially hard over the last 30 days… Last month I opined on The Truth About Facebook That No Media Outlet Or Analyst Has Bothered To Notice. As its shares marched back up towards its ridiculous IPO price that I warned the enti...
  • Europe: Is Economic Depression The New Success?
    By on March 29, 2013 | No Comments  Comments
    The Irish Times, through AP reports on the latest failure of Cyprus banks to reopen: The announcement to keep the banks shut last night by the Central Bank of Cyprus came hours after it said all banks except the country’s two largest lenders, Laiki and Bank of Cyprus, would open today. Ban...
  • Is The Eurozone Banking System On Fire?
    By on March 29, 2013 | No Comments  Comments
    On Monday, 25 June 2012 I penned ‘No Capital Controls In The EMU? Liar Liar Pants On Fire‘. Let me excerpt the first paragraph so as to bring those who have not read it up to speed before we jump into current events… I have outlined the upcoming EU bank runs up to two years in adv...
  • Myth vs Reality: Fed Economic Projections
    By on March 29, 2013 | No Comments  Comments
    Each quarter the Fed releases their assessment of the economy and their forward looking projections for three years into the future. (See Fed Downgrades Economic Outlook for the December analysis) While Bernanke puts on a great “dog and pony” show for the media – there are only two primar...
  • Better Investing Performance With Much Lower Risk!
    By on March 28, 2013 | No Comments  Comments
    My advice – avoid individual stocks! Even experienced full-time professional money managers, with staffs of trained people performing research, with access to data, software, and corporate contacts that most part-time investors could not come close to duplicating, struggle to match the market’s ...

Advertisement