What If?

You know the market is in trouble when USDJPY ramps in the hours before the open and futures tumble into the red anyways.If you’re wondering why the BoJ picked this particular moment for USDJPY to break out, look no further than the NKD.  After guiding NKD higher for over 10 years, it doesn’t seem likely … continue reading →

Coincidences and Consequences

It’s interesting how Khashoggi’s murder top-ticked oil and gas prices… …and, so soon after Trump’s latest demand that OPEC lower oil prices. I’m certainly not insinuating that Trump had anything to do with Khashoggi’s murder. But, OPEC ignored Trump’s Sep 20 demand.  Two weeks later, oil prices had spiked 10% higher.  Since Oct 3, the … continue reading →

Time to Panic?

I read another one of those tweets the other day stating that no one knows where the market is going. Fundamentals haven’t been a great guide lately.  So, it doesn’t bother me in the least when investing “experts” admit they don’t know where the market’s going.  Those guys, many of whom are clients, keep me … continue reading →

Happy Anniversary

Futures are up about 5 points on this, the 31st anniversary of Black Monday.  Ahh…memories. Total losses since the recent Sep 21 highs hit 8% last week — about 5.8% from the simple sell signal we highlighted on Oct 9 [see: Investing for Dummies.] Then… …and, now. The bounce we saw on Oct 11 got … continue reading →