Europe

Stocks on a Roll, Surprised?

Don’t look now, but stocks are in the midst of their biggest one-month gain since 1987. I’ve always said that the moves in markets won’t make sense logically. Throughout this panic about the debt crisis and Europe, I’ve consistently said to buy the dips in stocks. I am the biggest bear out there, but I understand that economic conditions aren’t the only driver of asset prices. Where is capital flowing?…

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Gold to Retest Highs?

If there is anything I’ve learned over the years of trading/investing, it is to fade the crowd. When gold was rallying to all-time highs, I was warning of a¬†monster correction. This wasn’t a “rational” call since the debt crisis in Europe was intensifying, but then again, markets are not rational. You must feel out markets and go with your instinct You must constantly adjust your forecasts to account for price…

What Does a Collapse in Confidence Mean?

As we so obviously descend into the abyss, I still feel this is a crisis people don’t quite grasp. I’ve said from the very start that this is not only a debt crisis, but also a crisis in confidence. Case in point: A recent poll¬†shows Americans’ approval of Congress is at an all-time low of 9%. Believe me, we are in unprecedented times and a 3rd party candidate will win…

The Calm Before the Debt Crisis Storm

It’s axiomatic that the government makes problems worse, especially problems they didn’t see coming. The government didn’t foresee this debt crisis, so they sure as hell don’t know how to get out of it. Just think of programs like the homebuyer tax credit and “cash for clunkers” that did not have the intended effect. Our government leaders don’t have real world experience dealing with economic issues. They need to keep…

A Replay of 2008?

The current environment most resembles that of late 2008, but with one key difference: our leaders are now somewhat aware of the scale of this crisis and they are prepared to support markets. Heck even the Swiss are devaluing, which means a retest of new lows in stocks is unlikely in most markets. Competitive currency valuations are just one reason why I am just itching to be positioned long when…