The stock market has now been up for ten straight days. Many on Wall Street are singing “Happy Days Are Here Again.” For them, that is probably the case. They finally have something to sell that will bring the rubes back into the markets. We are not in Kansas anymore. Fear is ebbing and greed […]
Bob Hope and Bing Crosby made a series of movies together entitled “Road to …”. The first, made in 1940, was “The Road to Singapore.” The series was successful and included destinations such as Bali, Zanzibar, Rio, and Morocco. In all, I believe seven different movies were made over about a twelve year period ending […]
My generation, born during or near post World War II, has been quite fortunate. Those of us lucky to have been born in the US during this period hit a sweet spot of both place and history. The economy thrived, standards of living soared and many avoided the numerous wars that dominated the Twentieth Century. […]
Markets make no sense. They literally have lost touch with reality. Divergences between fundamentals, confidence and the valuation of markets are large. These divergences cannot last for long. A convergence will occur. The question is how this convergence occurs and how quickly? My opinion is that there will be little improvement in confidence and fundamentals. If […]
The joy of Friday's Dow close over 14,000 should be taken with a grain of salt and huge amounts of caution. Peter Schiff can always be counted on to rain on Washington's parades and also Wall Street's. Here is Mr. Schiff's take on why you should not be impressed with Dow 14,000 and why you […]
Fantasy is fun while it lasts. But reality eventually intercedes and interferes with even the mildest fantasy. Those way out in fantasy land are especially vulnerable to disappointment. So it is for those betting on the stock market and an economic recovery. More Bad Information There is no economic recovery despite all the media and Washington […]
Equity investors (stocks) should be very cautious. This week could be a bad one for stocks. Both the ECB and the Fed disappointed by not announcing new liquidity measures. There is no good news in economies, any economies. Why stocks have remained where they are is likely a belief in additional liquidity to drive them. […]
Most readers know that I favor hard assets as opposed to paper assets. By hard assets I mean precious metals, land and things that will hurt you if you drop them on your foot. Paper assets are stocks and bonds. My position regarding hard versus soft assets is a recent one. Up until probably 2001, […]
As anyone interested in gold knows, gold has risen for 11 consecutive years. Where it goes from here, time will ultimately determine. Readers of this blog know I think it still has a long way to run, determinable primarily by the Federal Reserve’s continued mismanagement of the money supply. More perplexing has been the performance […]
There is, or should be, a great deal of unease with regard to our non-recovery. The average investor has had a nice recovery in the stock market, but the sophisticated investors recognize that recent results are likely much ado about nothing. As the Wall Street Journal reported in an article entitled You Hear That? It’s Quiet…Too […]
Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
The December rankings and performance of previous rankings are provided below. Suggested stop levels for each of the rankings will be provided in a separate post. December Selections
This update is based on market-close data as of November 22. Performance is based on beginning of that month’s rankings, assuming they were purchased and held for a full month. Stop placement or early selling would produce different results. So, too would different entry or exit prices. There is no way to account for early […]
The ranking of the 11 ETF Asset Classes routinely followed on this site is shown below. These rankings reflect the latest order produced by the algorithm used to rank individual ETFs. There have been some movements in these rankings reflecting recent market action.
The updated performance through November 13 is presented below. Additionally, the new rankings as of this same date are provided. Performance is based on the rankings as of November 1. The assumption is that you bought and held equal dollar amounts within a category and that you still hold these ETFs. If you entered at […]
Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts
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