Weekend June 28, 2014
Tom McClellan sums it all up in The Only Chart that Matters It is a graph of a prominent stock index paired with the ever expanding balance sheet of the FED Treasury and Mortgage Holdings. His point is that as long as this chart is headed up the stock market has lots of support adn can only go yes up.
Don't fight the FED as Marty Zweig put it.
From stocks to bonds to commodities, world financial markets have rallied in unison during the first half of 2014, a feat not seen in more than 20 years and a reflection of investors' optimism that central-bank policies will boost growth.
Six closely tracked gauges of world stock, bond and commodity performance are headed for gains in the first six months of the year, the first time they have done so since 1993. The Dow Jones Industrial Average is up 1.7% for the year, putting it on pace for its fourth-straight first-half rise.
Through Friday, gold was up 9.7%, the Dow Jones UBS UBSN.VX -0.49% Commodity Index 8.1%, the 10-year U.S. Treasury note 6.4%, the MSCI World Index of developed-world shares 4.8% and the MSCI Emerging Markets Index 4.3%.
Page A1 Weekend WSJ
And there you have it or another way of putting it follows
Yes I ran Bob Precther's comment that the market has to be too high as junk bond yields are so low.
Aparently this chart has escaped their notice at EWT. AGain we run lots of opinions, not necessarilty our own as the name here is The Market Perspective.
Note on page B5 the article Market Stalls at Recent Records, we have probably finally entered the Summer Doldrumns of even this hyper market
So let's do something different now that Tom and the WSJ and the NYSE A/D Monthly line have summed up the markets.
On page B7 Mark Hulbert as always has an interesting article
To get an idea of just how hot the Eagle Ford play is, check out hte conference fees for this Sept Event
https://www.regonline.com/Register/Checkin.aspx?EventID=1438453
AXAS
Whil the low is now obvious, this firm plans on doubling production and apparently has its debt problems behind it. It broke out Friday.
I am haivng difficulty displaying the charts as one can see above.
Commodities are having a good run this year as they did in the late stages of the last bull run into 2007-08. Brazil looks promsiing as a commodity producer and it is well under its 50 week moving average.
Inflation is leaking into the markets with commodities and the countries that produce them surging ahead.
These may be a better bet than the long in tooth Americann market on a potential percentage return basis.
I will update again when I solve the chart display problem probably tomorrow.
Socionomics
Here is a fun article from Minyanville regarding Ann Coulter's take on soccer.
Read the Ann's tongue in cheek column here.
As Minyanville observes, Ann's goal is to sell lots of books, getting lots of attention is one way to get the ball rolling. As I plan to roll out my series on How to Go to College later this summer, I will remember that!
in the last few months WWE went from 10 to 32 and back to 12, what's going on?
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