This post was just published on ZYX Short Change Alert. There are rumors that a deal has been reached in Cyprus. What To Do Now? Those in SLV may consider adding a 5% tranche right here at $28.28. Future EQ is $29.18. Those not in the SLV may consider initiating a 15% tranche
Wednesday brought us six pieces of news that makes us reflect on the strength in the stock market. Bernanke’s emphasis on cost We have always paid close attention to every word Bernanke utters. Wednesday’s press conference was unusual, in that Bernanke had more emphasis on the cost of the easy
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) OVERALL CONSUMER INFLATION RUNS HOT BUT CORE SUBDUED March 15, 2013 Consumer Price Index (CPI) came at 0.7% vs. 0.5% consensus. However Core CPI came at
This post was just published on ZYX Buy Change Alert. February Retail Sales ex-auto were 1.0% vs. consensus of 0.5%. In our models we exclude autos because autos are very volatile and distort the results. This is indeed good news and proves the skeptics on the American consumer wrong. Due to
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BLOWOUT EMPLOYMENT NUMBERS March 8, 2013 This morning the U. S. Department of Labor reported blowout non-farm private payrolls at 246K vs consensus of 175K.
On Wednesday, I received numerous emails from investors who are mostly in cash wanting to know what to do now. It appears that the floodgates for such emails opened when the Dow Jones Industrial Average hit a new high. A typical email also contains links to contradictory pronouncements from gurus,
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) DOLLAR STRENGTHENS IN PERVERSE MARKET ACTION, GOLD VOLATILE March 1, 2013 Today is the day that sequestration sets in. Many had expected the dollar to
The stock market has been overbought for a while, and overbought markets can be vulnerable. Usually there is an excuse in the form of bad news that runs the overbought market down to alleviate the overbought condition. Monday was no exception. The bad news was that in Italy, Berlusconi garnered more votes than expected. He
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BULLS TAKE CONTROL OF THE STOCK MARKET February 22, 2013 Bulls have again taken control of the stock market this morning. Futures have been steadily rising. Europe
The Federal Open Market Committee (FOMC) meeting minutes from January 29 -30 were released yesterday afternoon. Within the Federal Reserve System, the FOMC is responsible for making key decisions about money supply and interest rates. One paragraph in the minutes spooked gold and silver bulls, as well as stock and