The stock market is up 60% from March Lows - suckers rally about to end
SHOOT: Like Soros, Roubini and Stiglitz, I've been saying the whole idea of a real recovery is idiocy. There's general consensus that stocks are already overvalued by around 20%. At least. I reckon they're overvalued by 70%, 80% or more.
After a two-week decline which brought the Dow down 3.5%, the bulls are reasserting themselves to start this week. Building on Monday's rally, global stocks were higher Tuesday amid renewed weakness in the dollar.
In recent trading, the Dow was up 1.1% the S&P by 1.3% and the Nasdaq by 1.5%. Commodities rallied sharply, led by gold, as the dollar weakened anew after Australia's surprise rate hike heightened interest rate differentials and improved the appeal of the carry trade (whereby fund managers borrow low-yielding dollars to invest in higher-yielding assets.)
Meredith Whitney warned about the likelihood of a second credit crunch, especially for small businesses, a WSJ op-ed last week.
Christopher Whalen tells Tech Ticker the fourth-quarter will be a "bloodbath" for banking as says stocks rallying while the "real economy is dying" is not a healthy sign.
1 comment:
Anonymous
said...
The Holy Grail to Investing.
The utlimate business solution. The ability to cut the cost of any business expense, or just plain invest.
Developed multiple arbitrages for the financial markets. Arbitrages that produce just a few percent a year, to arbitrages that produce over 30 percent a year.
In 2001 i started developing, as of now, a dozen arbitrages. I lock in an X percentage, and Y time later, i close out the arbitrage. Over 30%/yr.
Risk-Free Investing is not only possible, but in abundance. Just that people are told and taught that it is impossible. No risk has been in front of all, but not seen.
The market is unlimited.
I'm interested in selling, or partnering to sell, or partner in a business that uses my arbitrage.
Thomas 352-283-3326 HolyGrailToInvesting@hotmail.com
1 comment:
The Holy Grail to Investing.
The utlimate business solution. The ability to cut the cost of any business expense, or just plain invest.
Developed multiple arbitrages for the financial markets. Arbitrages that produce just a few percent a year, to arbitrages that produce over 30 percent a year.
In 2001 i started developing, as of now, a dozen arbitrages. I lock in an X percentage, and Y time later, i close out the arbitrage. Over 30%/yr.
Risk-Free Investing is not only possible, but in abundance. Just that people are told and taught that it is impossible. No risk has been in front of all, but not seen.
The market is unlimited.
I'm interested in selling, or partnering to sell, or partner in a business that uses my arbitrage.
Thomas
352-283-3326
HolyGrailToInvesting@hotmail.com
Post a Comment