The one and only Marc Faber. http://www.netcastdaily.com/broadcast/fsn2011-0715-1.asx Rich
Category Archives: Markets
Morgan Stanley OIL & Asset Allocations June2011
Morgan-Stanley-Asset-Allocation-Strategy Morgan’s are bullish commodities and now forecasting oil spare capacity to have completely disappeared by Q3 2013. 2011 q1 saw Morgan’s get on board with peak oil. (the cynics may say a sell signal.. lol). Near term they expect some weakness especially with the Saudis and US,Europe releasing stores. Total bpd increase in june/july …
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Markets..
Path of least resistance was indeed up.. Finally we got the breakout across numerous instruments with it, therefore, looking a little more meaningful.. nas leading the way, close behind was the sp500 on the break and then finally the dow/ym confirmed.. Here the sp500.. No crystal ball, just price.. Rich p.s. The Michigan consumer sentiment …
Euro Bank Stress Tests – 8 fail
Well, 8 failed the tests.. 8 failing sort of implies there was a test at least.. which is quite possibly the reason why a few have failed. They are uniformly small banks, mostly in Spain. The capital required to make them pass is a mere 3.5bn usds or around 0.01% of euro annual gdp. So, …
Markets.. (finally)..
The joys of spanish internet have delayed the markets summary today.. apologies, beyond my control i’m afraid.. Asia calm over night again and shanghi looking almost healthy.. the big trend remains as was of course.. Technical view at:http://www.stocktiming.com/Shanghai_Daily_Stock_Market_Updates/shanghai-index-update-thursday.htm DM markets threatened that breakdown yesterday but as said it was all way too calm.. these markets …
Markets
A very noteworthy 24hr period this.. Asia overnight fine.. small move south on average but nothing to write home about.. steady market reflecting the general mood at present if not the news flow.. lol.. Ben came out and poured some fuel on the fire of the longs.. The Bernake put is under the market. Any …
Bernake talks QE3 – Assets up, USD down
Bernake talks up the market hinting at more monetary easy conditions to come. Its been a mere 2 weeks since qe2 ended. Printing money is great for asset prices so everything is up from oil to equities to coffee to sugar. Everything apart from the usd that fell off a cliff today. http://www.cnbc.com/id/43739458 Rich
DAVID EINHORN Q1 Letter to Investors – Greenlight Capital
One of the most successful long short hedge funds in recent years. David picks up on many of the themes we see.. qe, japan, us deficits etc.. Here his April 2011 q1 letter to shareholders. Ill try and bring you the Q2 when its released end of july. The circus will come to Japan.. Several …
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Markets
Asia recovered her composure overnight, didn’t quite provide a complete reversal of the prior day but on many markets, shanghi inc, price got close. (as the shanghi in a down trend this reversal isn’t too significant. Hangseng less impressive, 50% retrace). We said yesterday the price action was ‘in control’ and that the longs were …
Markets
Ok, we have some action here.. Asia took a big tumble over night with the hangseng the big loser but all indexes falling nicely. Once again it was the end of the session that saw the big selling which is ominous i must say. The ‘amateurs open the day, the professionals end the day’ is …
Goldmans Commodity Watch 2H – 2011 pdf
From a few days ago, the Goldmans 2h view for commodities. ‘We reiterate our long trading recommendations for Brent crude oil, UK natural gas, copper, zinc and soybeans’. 59520474-Goldman-Sachs-Commodity-Watch-2H2011-Outlook-July-7-2011 Essentially bullish due to the supply demand imbalances but near term volatility and short term risks to the downside. 20% upside for the next 12 months …
Markets (catchup)
Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I …