“If all the economists in the world were laid end to end, they still wouldn’t reach a conclusion.”– George Bernard Shaw (Irish dramatist, 1856-1950) Sadly, this playwright tells more truth about economic divination than most textbooks I’ve read. This quote is too good for commentary, so I’m gonna call it quits and watch some porn.
The market remains incredibly weak, and rather than post a bazillion charts, here is one that tells much of the story. The direction of the NASI remains down, and this keeps me from allocating money to the long side overnight. Now that I’m back in NYC, I’m busy as hell meeting people and doing stuff…
“With globalization, the big [countries] don’t eat the small, the fast eat the slow.”– Thomas L. Friedman (NY Times foreign affairs columnist, referring to the Arab nations) A cryptic quote without context, I can only assume Mr. Friedman was hungry when he wrote this commentary. Using words like fast, slow, big and small, confuses me…
A tip of the hat to Adam Warner at the Daily Options Report for re-posting this awesome clip. I’m glad the fellows at Clusterstock keep tabs on the important stuff. CNBC: The Whole Country Needs A Bong Break from AlleyInsider on Vimeo. Clearly Smoking Securities is ahead of the curve.
A weekly look at 5 indicators that depict the current market environment. $BPSPX:$VIX = 97.31 $BXM:$SPX = 70.22 $CPMKTE:$CPMKTB = 39.67 $SPXA50R:$VIX = 87.58 $SPXHILO:$VIX = 15 The only glimmer of bullish hope my indicators offer is a 50% increase in the $SPXHILO:$VIX since my last analysis here. Otherwise, the bear market remains intact, and…
A look at the 5 least correlated liquid ETFs. Commodities have stabilized over the last two months, but DBC technically remains in a downtrend. Long positions are remain speculative, but my gut tells me that there is more risk being short than long. The bounce I was looking for in emerging markets never materialized, and…
“The big guys are the status quo, not the innovators.”– Kenneth L. Fisher (Forbes columnist) Good quote, asshat speaker. I’m flying tomorrow, so rather than bore you with a personal attack upon Mr. Fisher, I will ask you to pray. Pray that I don’t lose both engines to a flock of birds, that the fellow…
“Writing a book is an adventure. To begin with it is a toy, an amusement; then it is a mistress, and then a master, and then a tyrant.” – Winston Churchill (British statesman, 1874-1965) This quote appears to bear little relevance to trading, but if blogs are like books, then I’m still in the nascent…
The market continues to churn in a wide range, but there are some signs of change. Hedged trading has begun under performing the underlying index, signaling short term bullishness. Volatility is falling, but remains high, so stay cautious. Tuesdays selling may be a capitulation point considering the ratio of down/up volume. Up/down volume on Wednesday…
“People become attached to their burdens sometimes more than the burdens are attached to them.” – George Bernard Shaw (Irish dramatist, 1856-1950) Revealing wisdom by reversing the order of words is a tried and true method, and the technique borders cliche due to its prevalence. Nevertheless, Shaw hits on an excellent point that relates to…