Thursday July 19, 2012
Before you read this post, please click here for the Theme Song to The Jeffersons, Movin' on Up
Rail Traffic is picking up. This is important for our investment picks as rail is used to haul commidities, like iron ore or scrap steel.
Here is the latest on natural gas.
Just yesterday I remarked that we cannot know the fundamental event that will kick off a Euro Rally, and today, well, Germany back Spain Bailout.
Remember our title a few days back, Mr. Bernanke please pay me less? Well first Germany, then France, now the US sells bonds at a negative yield. This is ridiculous, as is the tag line for the article, negative yield bonds as a hedge against consumer prices, huh? A hedge against a consumer price rise would be a bet on a commodity price rise, what is this writer thinking?
Gold miner valuations are back to 2000 and 2008 levels,the two best times to buy in the last eight years.
Like George and Louise, we are movin' on up, it won't be over until we regain the February highs, at which point we will see articles like
How to Play the Election Year Cycle
Best Bets for November
That will be a good exit point.
Thanks for reading The Market Perspective, particularly for those of you who still are reading ......