|The Daily Reckoning
Counting Swans on Wall Street
By Bill Bonner. “Wall Street cannot really measure risk. It doesn’t know any better than we do when the ‘black swan’ is going to appear.”
By Bill Bonner. “What we have come to dislike about the neo-conservatives is not that their view of the world is right or wrong – for how could we know? – but that it is so small. They are true believers in a very tiny world…”
By Bill Bonner. “This Independence Day finds Americans less independent than ever before. They count on the Arabs for energy. And they depend on the Asians for money to pay for it.”
By Chris Mayer. “In the last week of May, China introduced its first bullet trains – 280 cars capable of traveling up to 155 miles per hour. Now you can get from Beijing to Shanghai in 10 hours, instead of 12. Tickets sold out quickly.”
By Bill Bonner. “Poor Mr. Cohen. He has so much faith in the rich! He thinks they can do anything. Hedge fund managers expertly exploited this go-go credit bubble market; now they can do something about public education!”
By Bill Bonner. “The wheels of Financial Fate may grind slowly…but they grind exceedingly fine. And America’s middle class is beginning to notice.”
Elliott Wave International NewsWire
The main engine of Spain’s economic growth has been real estate. In the 12 months ending March 2007, home prices rose by a national average of 7.2%. But there is an integral stage of every mania in which warnings from the professionals go unheeded by the public. Is that time at hand in Spain? Read on…
What many traders find helpful in dealing with hope and fear — two primal emotions deeply seated in human nature — are technical market indicators. It’s much easier to stay with a winner or close a loser if the indicators you trust are telling you so. Elliott Wave International’s Tom Denham takes a close look at one such tool, the 50-percent retracement indicator, in the Special Report of his just-published, July issue of the monthly European Financial Forecast. Read on…
If the world of Elliott Wave analysis was a traveling band, the contracting triangle (or horizontal) would get the most fanfare out of all corrective patterns. To explain exactly how this shape is instrumental for hitting the high notes of oppor-TUNE-ity, let’s turn to Futures Junctures editor Jeffrey Kennedy’s Traders Classroom Collection e-book and look at these two charts. Read on.
One of the most frequent questions readers ask us is: “Can I apply Elliott wave analysis to individual stocks?” The short answer is — yes, but with one caveat: sufficient investor participation. To boost your accuracy, you can also combine your wave analysis with other technical tools — for example, trendlines. Trendlines work on any time frame and any market, and they can work beautifully with Elliott. Let’s look at one example: Ford Company (F), a large cap stock. Read on…
“For decades, people have fixated on some economic indicator du jour as the key driver of stock prices. This idea is seductive because it helps investors ‘explain’ otherwise mysterious market phenomena. Today’s indicator du jour is the price of crude oil. However, there is a problem with this supposed new correlation. It doesn’t actually exist.” Read on…
According to some monthly data providers, median prices in Los Angeles County are still chugging upward, despite the steep drop in sales volume evident for over a year. So will prices stay levitated? If not, what will the market participants say and do as the slump progresses? The last time Los Angeles and much of Southern California experienced a housing downturn that came anywhere near being described as “ugly” started about 1988, and for the most part was a memory by late 1997. A review of local newspaper archives can tell us much, but only if the content is examined with socionomic eyes….
InvestorsInsight: Financial Intelligence for Informed Investors
This week, we revisit an article I have published on two occasions in the past regarding the Johnson O'Connor Research Foundation. Johnson O'Connor is a nationwide, non-profit organization that has been testing human aptitudes for 85 years…
This week in a very special Outside the Box we have an investment outlook tour de force. My friend and South African business partner Dr. Prieur du Plessis gathered a group of some of the more interesting investment managers in the industry…
Is the subprime mortgage market collapsing before our eyes, or did we avoid a disaster as Bear Stearns stepped up to the plate with $3.2 billion to help its ailing funds?
RightSide Advisors News Feed
The latest in technical analysis on the Qs
Chairman of Eagle Materials buys $14 million in shares
DAlonzo buys over $167 million of Precision Castparts
The latest in technical analysis on the Q’s.
CEO of TMA buys $2.2 million in shares.