I have a question for you trend followers. You chart watchers. You technical traders. Have a look at this chart and tell me if it is time to buy or time to sell.
Looks like the momentum is up on this baby right? Time to buy? Here’s how it worked out for you…
The first […]
Here now for a self-fulfilling prediction: I said you’d be seeing more of Jim Rogers in 2008 as commodities and China take the headlines. Here now is Jim on CNBC the other day in an interesting (sometimes funny!) interview in which he says the Fed is doing a poor job, throwing gas on a raging […]
Gold reached $1000/oz today, as I predicted.
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A tag cloud is a visual depiction that identifies the frequently-used words of an information collection. A tag cloud for 2008 might include: Sub-prime. Meltdown. Credit-crisis. Foreclosure. Term-auction. Dollar-collapse. Asset-devaluation. Inflation. Deflation. Stagflation. Recession. Depression. It would be strikingly different from that of just one year ago. Back then we were talking earnings, iPhones, and […]
Mark Faber talks about the current economy in MarketWatch:
Nowhere was he bleaker than when addressing the beaten-down dollar, another victim of Fed policy which he said has ensured cash returns below the rate of inflation. "In the long term, the dollar is a doomed currency. It will go to zero," he said, which produced some […]
The more I read about the state of the US Economy, the more I picture something like this in my mind:
Also, I get a picture in my mind of that scene in Star Wars Episode III (I think) where they crash land the spaceship and there is a lot of that “gnashing metal” sound.
Where do […]
The CBS show 60 Minutes did a segment about the penny. You can watch Should We Make Cents? or read the transcript. Bottom line is this: the gobmint makes $80 million worth of pennies every year. But the problem is that it costs the gobmint $134 million to make them. Not bad if you’re a […]
So Jim Cramer is saying he’s been calling for this bear market all along. This is pretty funny. Love it when he calls for DOW 14580. Be careful, Cramer is now saying NOT to buy stocks. Let’s go to the tape…
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I can play trader just like all the other guys. For example, here is a chart comparing the Vanguard Total Stock Market ETF (VTI) in green versus the VIX, the volatility index in red (sorry color blind guys… the red is the bold line)
For the past two years, when the VIX spiked, it signaled a […]
I did show 94 and talked about saving your nickels. Then I read this.
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On show 92, I made the prediction that commodities would be in vogue again in 2008. And I said that gold would reach new all time highs (non-inflation adjusted). That was too easy I guess. Let me revise it to say that gold will go above $1000 per ounce. Much more interesting. Nice round numbers. […]
Rock Band. Mad Money Machine’s Ten Predictions for 2008. Step 12: Invest and Relax. A spin of the Guru Roulette wheel. If this is your first Mad Money Machine show, please do go and download another one at least. This is a year end shortened show. Next week: how the portfolios did in 2007.
I ENCOURAGE […]
