America's Economic Future – A Discussion By Ted Kavadas
On January 13 I wrote the following blog post concerning the overall situation of the US Dollar: https://www.economicgreenfield.com/2010/01/13/the-us-dollar-a-few-comments/ In that post, I wrote that there appeared to be few if any signs that a severe US Dollar decline was impending. However, the situation has changed. When viewed from a technical analysis perspective, US Dollar seems …
The climb in the S&P500 has been notable over the last few sessions. According to SentimenTrader.com, through yesterday, “Yet another up day pushed the S&P 500 futures to its 10th straight gain, only the second time since their inception (01/15/87 was the other).” Here is a chart of the S&P500 price action of the last …
On January 25 Fortune had an article on asset bubbles titled “Beware the 4 new asset bubbles.” The four purported bubbles mentioned in the article are Gold, oil, the stock market, and Treasuries. I have discussed each of these markets, with the exception of oil, in previous posts. I found the logic and discussion in …
I have been intermittently commenting upon the growing number of investment frauds being uncovered. Those posts can be found under the “investment frauds” tag. Here is yet another alleged Ponzi scheme as seen in Thursday’s Wall Street Journal article titled “SEC Charges Couple in Florida Ponzi Scheme.” As seen in the article, this alleged scheme …
Over the last few years, there has been an inverse correlation between price movements of the US Dollar and many asset classes. This inverse correlation appears to be strengthening over time. This inverse correlation can be seen in the chart below. For the sake of simplicity, I am only comparing the USD to the S&P500 …
I have made various comments about Gold over the last few months. One aspect during Gold’s price increase that I have noted as disconcerting is the relative lagging performance of the Gold stocks. I use the HUI index as a proxy for Gold stocks. As one can see on the daily chart below, the Gold …
I find a periodic review of Gold’s price relative to the Dow Jones Industrials’ and to Crude Oil’s interesting. Below is a long-term monthly chart of the Dow Jones Industrial Average price relative to that of Gold’s. As one can see, Gold has been outperforming since roughly 2001, after underperforming from roughly 1981-2000: chart courtesy …
I have been looking at the revenue figures posted for a variety of diversified manufacturers and distributors. These are well-respected, S&P500 firms. One would expect these firms to be posting decent revenue gains, especially as compared to the very weak year-ago period (4Q2008). Additionally, these firms stand to benefit from the prevailing economic climate due …
Occasionally I have written about investment frauds. My last post on this topic was on November 27 and is found here: https://www.economicgreenfield.com/2009/11/27/investment-frauds/ Here is a story from December 28 titled “Ponzi collapses nearly quadrupled in ’09”: http://finance.yahoo.com/news/AP-Ponzi-collapses-nearly-apf-898755198.html?x=0&sec=topStories&pos=4&asset=&ccode While I find this article’s statistics to be of interest, I do not necessarily agree with some of its …
Tommorrow’s Barron’s cover story has forecasts provided by 12 strategists and investment managers. I would like to highlight their S&P500 earnings forecasts for 2010. As seen on page 28, the average of the 12 stated forecasts is $75.75. From what I have seen, this $75 level is very common among forecasters, and as such seems like the predominant forecast for …