bubble

The Rising Skepticism In Gold

In “That’s one long gold bubble,” Tim Ianaco created an illustrative animated graphic from Google news archives comparing the news coverage of “housing bubble,” “credit bubble,” and “gold bubble.” He rightfully observes the following: “…my understanding of how bubbles work is that they materialize rather quickly, fueled by media coverage toward the end and then … Read more

As Unemployment Finally Appears to Crest, Monetary Policy Reaches A Critical Juncture

Good (or not as bad as expected) economic news has typically garnered selling in the U.S. dollar and buying in the stock market. On Friday, the good news that November’s monthly change in U.S. non-farm payrolls came in essentially flat sent the S&P 500 soaring as high as 1.7%. However, the dollar index also soared, … Read more

Market Sentiment Indicators Remain Mixed

“Mish” posted the latest chart from the Investor’s Intelligence Survey, and it shows that bulls are back up to 50% and bears have hit a new low for the year at 16%. (You can directly access two years of data using the chart tool at Schaeffer’s Investment Research). He also noted that bears have only … Read more