The principle of relativity, from Newtonian mechanics to Einstein/Lorentz/Poincaré theory of special relativity, has its roots in the basic principle that physical laws should be the same in all inertial reference frames. In other words, there is no such thing as an absolute motion.
Here I want to apply this simple principle of the absence of the […]
Here I’m trying to make several observations that hint the medium-term stock market distribution had started, when smart money are selling stocks to Cramer minions.
Today I was asked to quantify my ambiguous statements that you can kiss the stockmarket goodbye but at the same time we avoided the off-the-cliff crash, thanks to Bernanke efforts. So I’ve decided to put a chart under this.
Martin Pring just published a very nice report on commodities, with tons of good charts and also a lot of fundamentals. What I like in his approach (and what I’m usually trying to do myself) is that he is usually finding the way to chart the fundamentals as well. For example, the rate of change […]
I’m just back from vacation and I’d like to publish something lite as a warm up, before I catch up with the news. I would like to make some trivial observations on the junk bond market.
Today’s run confirmed that yesterday was a well- [or not too well] set short-term bottom. The financial stocks that strongly indicated a possibility of a top back in May led the way today with 7.6% run in $BKX.
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The human mind is a very curious thing. People say one never learn something on someone else mistakes. The same way the human mind apparently just can’t grasp a pure concept until it’s experienced from the first hands. You can watch in the movies, read, talk about wars, inflation, flooding, fire, civil disorders, raising kids […]
The previous two posts on the Kondratiev Wave discussed the debt cycle and monetary base as the basis of the K-wave cycle. The goal of those articles is to show that there is nothing magical in the fact that the economy is experiencing secular cycles with the duration of 50+ years. In fact it’s not […]
Many economists are closely watching China as the primary driving force behind the world economic growth and the commodities bubble. The alarm that this last bubble is about to pop was ringing several times in the last two years, but so far it proved to be a false alarm, and the commodities bubble resumed its […]
The future is pretty muddy now, which leaves some hope yet fears of invisible demons. One of the key features of the market economy that is important to keep in mind is that it is constantly healing itself, sometimes by few pills, sometimes by amputation. And the lack of pain and medication may hide a […]
The Yellow Brick Road
