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One major difference between Steaks and Stocks When the price of Steaks increases, the demand for Steaks declines. When the price of Steaks declines, the demand for Steaks increases. So, the lower the price of a Steak, the more appealing it is. However: When the price of Stocks increases, the demand for Stocks increases. When [...]  Candlesticks and Indicators Foretold the Rollover in Gold We have been saying for many weeks now that Gold was coming into a High and that it would soon turn down. The “common wisdom” had insisted that the falloff in the stock market and the general lack of confidence in the state of the economy would [...] Hundreds of thousands of ordinary investors are terribly unhappy with the direction of the stock market since October 2009. They continue to hope that, by some miracle, the market is going to reverse and that they will be able to “make it all back.” It is quite astonishing how many otherwise intelligent people hold onto [...] We read in the news that a European industrialist committed suicide because he lost a bundle on a bad bet involving Volkswagen stock. One wonders why he ever took on a bet such as that in the first place. The cards were stacked against him from the beginning, because [...] It is so refreshing when a commodity performs precisely as ordered. We thought that Corn would commence a decline, and it has obliged by falling 66 cents in 5 days. It should bounce a bit now, but that bounce will likely be followed by another decline which will take it below today’s [...] February Crude Oil’s decline from 50 did not stop at the .618 retracement level of its previous advance, as we thought it might, especially when prices took an overnight breather there. We were additionally impressed by the fact that the Candlesticks bar for January 9 was a well-formed “Hammer,” which is a [...] “Corn Flakes” is probably the oldest dry cereal around. I don’t know who invented corn flakes; maybe the Kellogg brothers did, decades and decades ago. They’re a very old product, but they’re still on the store shelves, and there’s still a market for them. People in 2009 like corn flakes just like their grandparents did. [...] Some investors fret when their stock investments are doing poorly or when they seem to be going nowhere. The think, further, that unless their cash is invested in a “position” it isn’t working. Well, it’s hard to argue that cash in a depository account isn’t working very hard when [...] Go figure. How perverse the fuels market is, and how rough the play. One would think that an interruption to the flow of gas from Russia to Europe would have delivered a boost to the price of Crude Oil, but it didn’t work out that way today. Meanwhile, reports in the papers this morning tell [...] |
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