I can think of a few others (money supply to Corp. profits to S&P 500, GDP to S&P 500, etc.) as you have seen posted repeatedly at Biiwii.com.
By Tom McClellan
November 21, 2013
 I can think of a few others (money supply to Corp. profits to S&P 500, GDP to S&P 500, etc.) as you have seen posted repeatedly at Biiwii.com.
By Tom McClellan
November 21, 2013
A quick snapshot of the sector that is mirroring the drunken party going on in the US stock market.
So this week a writer comes to the realization that he sometimes beats up readers with the ultimate truths (as he sees them) on the big picture macro view. Meanwhile, there are interim views like a cyclical stock bull market that may be entering a mania phase. Why not play that (as rationally as possible) as well? Personally I do, with certain sound equity holdings. Why not talk about those more often, eh dour writer boy?
Why beat everyone up with the big macro all the time? We are human and sometimes we need to lighten up a little right? So NFTRH 265 institutes change on the interim while not altering the big picture, because one thing I do not want to alter is the truth as I interpret it. So we’ll be ready for the mania’s end as well, of that I can assure.
By Bob Hoye
The following is part of Pivotal Events that was
published for our subscribers November 7, 2013.
“Regional banks in the US have sharply increased their corporate lending at
the expense of underwriting standards and loan pricing.” – Financial Times, October 30
A previous post noted the bullish falling wedge. That will be blown up promptly as Cisco just grossed out the market with a putrid earnings report. It is interesting that Chambers talks about very weak Emerging Market demand and “the macro”, which is that big, generalized thing I look at and try to qualify in gauging the efficacy of Central Bank policy and the prospects for gold.
NFTRH 264, well rounded and well grounded financial market analysis, is out now…
It’s 20 pages that I think sums up the ‘mini me’ cyclical situation compared to 2000′s maxi. We discuss risks and potentials (dependent upon time frames) to the whole ball of wax. For instance, this is a risk to US stock market players right now from a contrary perspective…
But there is so much more to a macro process that is grinding along through its time, which appears to be waning. It is really quite interesting to write about and indeed needs to become a lifestyle for people who are serious about succeeding. The graphic above is a short term data point. What about the bigger cycle?
There are no predictions; just work. You have got to be a geek with this market.
Pardon me, but what is so stunning about the jobs report?
Of course it is. You could see the potential for this way back in January, right? Back when the semiconductor capital equipment industry began gearing a new cycle. Back when the canaries in the coal mine started chirping. Please folks, don’t get lost in the battle between the people on one side saying all GDP, Employment and other economic data are cooked and the people on the other side trying to enthrall you with ‘taper September’, ‘taper October’, ‘taper December’, etc.
This taper thing is a canard. It would barely dent the inflation if they even initiate it. The root of the inflationary operation is in ZIRP, along with a still massive amount of MBS and T Bond buying that would be going on even if the dreaded ‘taper’ begins.
Keep your eyes on the implications of the first chart in the previous post in the months ahead. It is wonderful that the economy is responding to stimulus. It is also Wonderland.