Market Observations on the Economy
1 May 2008
Cycles are really just another way of looking at various trends of various degrees. Also, cycles in the market are really no different than many other cycles in nature. As an example, sometimes we have an early spring and sometimes it’s late....
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30 Apr 2008
The advanced estimate from the Bureau of Economic Analysis showed Q1 real GDP coming in at a 0.60% annualized rate, slightly higher than the 0.58% annualized rate seen in Q4 2007.
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21 Apr 2008
Last week saw China renew a contract with Potash Corp. of Toronto which calls for shipment of 1 million metric tons of potash at $576 per metric ton, which appears to be a $400 per metric ton increase over the 2007 price.
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17 Apr 2008
Obviously, the definitions of Bull and Bear markets differ from person to person. My definition is based on the works of the great Dow theorists, Charles H. Dow, William Peter Hamilton and Robert Rhea. As a result of my study of Dow Theory combined...
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9 Apr 2008
Enough is enough! As most commodities rallied strongly in February and into early March, many in the financial press were calling commodities a "bubble." What happened to the commodity bubble of 2005, 2006, 2007?
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7 Apr 2008
We all read and hear from officialdom that the prospects for inflation, while elevated somewhat recently, always remain anchored and/or subdued on a forward looking basis.
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2 Apr 2008
Various undercurrents in the economy are pointing to shifts currently underway that are hinting at trend changes in the making. Two topics that have remained of interest are nonresidential real estate and vehicle sales data and composition.
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26 Mar 2008
The markets rebounded Tuesday in the face of some serious negative economic news. The Conference Board’s Consumer Expectations Index fell to 47.9, the lowest reading in over 35 years and the second lowest number in the history of the index. The...
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24 Mar 2008
Imagine yourself taking one of your family’s most valuable heirlooms into a professional appraiser and having them offer you an expert opinion of, say, “X.”
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19 Mar 2008
Ignore the endless bottom calling in the press that is buzzing around with some financial pundits pointing to the Bear Stearns blow-up as a likely capitulation in the markets. One thing that should be abundantly clear is that Wall St. tends to err...
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