STOCKS DARE THE FED

It was only a month ago Fed President Dudley was lecturing us about the dangers of overly easy financial conditions and how inflation’s sanguine performance was “transitory.” And it wasn’t like he was alone. The Fed’s generally accepted second in...

YELLEN TRYING TO RIDE INTO THE SUNSET

Bernanke presided over the Great Financial Crisis of 2008. Greenspan had the 1987 crash, along with the 2000 DotCom bust. Volcker had the bond debacle of the early 1980’s and the subsequent Latin American debt crisis. For the past 35...

LOONIE BULLS - SOLD TO YOU!

Remember back in May when all the hedge funds were short Canadian Dollars up the whazoo? At the time, I was worried the excessive pessimism might cause CAD to rally (Loonie Bears are the New Cool Kids). Well, since then,...

BACK ON BOARD THE EUROSTOXX BANDWAGON

As you may recall, I was mad at myself for not exiting my long Eurostoxx position into the Barron’s bullish cover article (Too Busy Patting Myself on the Back). At that point, we had hit maximum European enthusiasm, and the...

THERE IS NO SUCH THING AS A BAD TICK

It’s one of those periods when everything is conspiring against precious metals. For those of the bullish persuasion, this can be a difficult time. I have resorted to wearing my own self-imposed “cone of precious metal trading” in an attempt...