Has sentiment reached an extreme? Is anyone surprised anymore when weak economic data is released? Were you surprised that existing home sales fell 27% last month? I wasn’t and apparently neither were the people buying up home builder stocks when that news was released last Tuesday. Were you surprised to read the Goldman and Redbook [...]
Scott Grannis at Calafia Beach Pundit has a post with a series of charts that make the mildly bullish case. Very interesting. A sample:
Industrial production is increasing at a very fast rate, with no signs of any slowdown. Most global economies also are experiencing a rapid recovery in industrial production. This is a [...]
We know there have been problems with seasonal adjustments to the unemployment claims data this summer. For example, the auto companies didn’t shut down this summer as they normally do. Usually, the auto companies shut down for a few weeks each summer to retool for the new model year. For some reason - and I [...]
Is there a bubble in bond land? That’s become the hot question of the moment with everyone from Jeremy Siegel (yes) to Randall Forsyth at Barrons (no) offering an opinion. I was even quoted in an article this week at CNN Money concerning the present state of the bond market. Goodness knows, if reporters are [...]
