There are Not Enough Bearish Divergences for A Major Market Top
There are run of the mill divergence indicators – such as RSI – and there are more intricate and lesser-known divergence indicators. An examination shows...
Category : Editor’s Picks
You Say Bubble, I Say Fluctuating Risk Premia
David Stockman says that “we have bubbles everywhere” in markets, including stocks, junk bonds and housing. But one man’s bubble is another man’s time-varying risk...
GLD Gold ETF Analysis
So you want to own gold. When is the right time to buy? Should I use gold ETFs to establish (or add to) gold positions?...
Ben Davies: Turning Adversity into Gold
It was a chance encounter after a back injury that turned Ben Davies’ attention from sports to the markets, but the same competitive spirit still...
Memo to FT Editors: Be as Crazy as You Like, But Give Us an Explanation
There seems to be no end to the creative ways by which people justify outrageously contractionary monetary policies. First we were told that monetary stimulus...
Euro Option Volatility Hits the Lowest Level Since 2007
Developed market (ex-Japan) 2Y percentile ranks for 3M IV are all below 20%. Option premiums rose slightly for the week for the S&P 500 as...
The Cultural Economics of China Will Fail… Absolutely
When I was studying Chinese medicine, I had a teacher who had worked to develop blood banks from India to China. He said China was...
Lunch with Robert Reich
The other day had me sharing a cold, congealed chicken salad for lunch with Bill Clinton’s Secretary of Labor, Robert Reich, at San Francisco’s posh...
A Wise Way for the Fed to Taper
“There are several ways they could strengthen their message. One idea under discussion is to lower that unemployment threshold from 6.5%, which could mean keeping...
Obamacare Has Met the Enemy, and It is Reality
There’s an old military adage: no plan survives first contact with the enemy.* Obamacare has met its enemy, and that enemy is reality. The reality...