Bond Newsletter Writers Most Bullish Since 2001
According to Mark Hulbert, bond market newsletter writers are the most bullish since 2001: ANNANDALE, Va. (MarketWatch) — You have to go back almost nine years to find a time when the editor of the average bond timing newsletter was more bullish now than he or she is today. These timers’ current bullishness doesn’t bode .. read more
Treasury to Sell Citigroup Stake?
Bloomberg is reporting that the Treasury is exploring the possibility of selling it’s Citigroup stake: Sept. 14 (Bloomberg) — The U.S. Treasury Department and Citigroup Inc. have begun discussing how to sell the 34 percent stake that the government acquired as part of its rescue of the bank, people familiar with the matter said. The .. read more
Barack Hoover Smoot Hawley Obama
From the NY Times, June 28: “At a time when the economy worldwide is still deep in recession and we’ve seen a significant drop in global trade,” Mr. Obama said, “I think we have to be very careful about sending any protectionist signals out there.” WASHINGTON, Sept 9 (Reuters) – The U.S. Commerce Department said .. read more
Who are the Commodity Speculators?
New CFTC chief Gary Gensler is hot on the trail of the evil speculators he and other politicians believe are to blame for the rise in oil prices last year. It appears that some kind of new position limits will be imposed. So who exactly are these evil speculators and why are they buying commodities? Sept. .. read more
Incipient Inflation
“Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, .. read more
Interview With Bob Rodriguez
An excellent inteview with Bob Rodriguez, manager of the FPA Capital fund. An excerpt: Bob, you run a bond fund, too. If you’re so pessimistic about stocks and if interest rates are so low, where do you go to get good returns? Rodriguez: I think a well-diversified portfolio will be a loser over the next .. read more
What’s Up With Gold?
Gold has broken out of the wedge formation: Normally, a move like this in gold would come with an inverse move in the dollar, but that hasn’t happened: I’ve seen lots of explanations for the move, but frankly none of them are very satisfying. There is a G-20 meeting this weekend and it could be .. read more
Update – International Trend Follower
The International Trend Follower Model has been update. Changes are: EFA – Reduce allocation to 32.5% IAU – Reduce allocation to 12.5% RWX – Raise allocation to 27.5% SCZ – Reduce allocation to 17.5%
