ECB has just announced it is lowering interest rates.. This is almost entirely due to the ever increasing spread to German bunds we are witnessing in the debt markets. The measure will assist but its no where near enough.. And, better than a soap opera, 48hrs after announcing a Greek referendum on the bailout, its …
Continue reading “Euro Farce… cont.. (Update – ECB Lowers Rates & Greece Cancels Referendum)”
UBS still insisting the bounce is intact and to buy the dips so long as sp500 cash stays above 1220 on a closing basis. Weekly01-11 Well, we are at 1218 on the sp500 cash now and below this on futures. We are therefore at a key level now which is repeating across currencies and other …
Further to the post from a month ago.. http://www.capitalsynthesis.tech/international-equities-the-only-show-in-town/ Today was not about the European news flow. Today was simply a tiny portion of the wall of capital that is resting in cash and bonds entering the equity markets. Participants in cash are beginning to see the future and that future is all about a …
Continue reading “‘Equities The Only Show in Town’.. Due to Unlimited Monetary Expansion”
Throughout our history it is said that the most effective ponzi schemes are the ones that no one can understand. If you can present a complex ponzi scheme to an investor that is near panic with fear or greed you will be able to run your ponzi scheme. The scheme works as the goal of …
Continue reading “Debt vs Guarantee – The Latest ‘Off Balance Sheet’ Euro Ponzi Scheme..”
Gold and silver both scored parabolic moves in 2011, have the parabolic moves finished or are we about to see a dramatic leg up? We shall soon see guys. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/25_Stephen_Leeb_-_China_Will_Send_Gold_%26_Silver_to_the_Moon.html Today may or may not be the long promised dawn for the pm miners but there have been interesting price moves as the pm metals …
Continue reading “Precious Metal Break their Ranges.. Another HUI False Dawn?”
The UBS team retain their bullishness with the recent ‘melt up’ being consistent with a short squeeze and therefore highly likely that a retrace comes now given the short covering that has occurred as the levels got blown over. This fits with the bearish sentiment in the market we saw before the melt. I also …
Continue reading “Weekly Technical Comments.. Buy The Dips..”
There is no way i can do justice to the issues around the euro at present. To do so would require a small book by way of monetary explanation and discussion. The issues are certainly deep and complex and their resolution or not is even more complex given the twists and turns by the eurocrasts …
Report here below.. will update later with, hopefully, more meaningful comments as under time pressure here.. Rich UBSWeekly18-10
Apologies for the delay in posting up.. Ive been traveling between beach, mountain & city. Below the UBS technical view. Its a complex report this and contains many gems. The summary is sp500 above 1074 or so (on a closing basis) signifies the low is in for this wave of the cyclical bear. They suggest …
We have got the bounce in equities with all those different indexes bang at their supports as indicated. CRB etc.. I have leverage in my main investment account and ‘loaded the boat’ as said in the forum pages. (For clarity i do still have pockets of cash which i will allocate on market opportunities and …
Continue reading “Households Increasingly Allocate Capital to Bonds & Cash”
If you are surprised by this announcement i respectfully suggest you hit yourself firmly in the head and repeat over and over ‘ I am not a sheep, i am not a sheep, i am not sheep’. Rich http://www.marketwatch.com/story/bank-of-england-launches-more-quantitative-easing-2011-10-06-71040?dist=beforebell
1) Corporate debt cheap and getting cheaper. The yield curve is flattening. Healthy corporate debt yields will likely fall alongside Treasury and MBS yields. 2) Corporate earnings to all other asset classes at extreme positive multiples. To cash or near cash companies yields are on multiples of 10 to 15. ie pes of 4 not …
Continue reading “International Equities.. ‘The Only Show in Town’”