Coal…Doubles or Donuts?

Coal is trading like it’s going to zero. As you can see above, the $KOL etf has a prominent head and shoulders pattern and it has pretty much broken the neckline on the weekly chart. I remember back in April natural gas was also going to zero. $UNG, the etf for nat. gas, was trading […]

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A Meeting of the Mindless

Another “we are the world” moment has kicked off in sunny Los Cabos, Mexico. The sevants who have imploded the global utopia will all belly up for rum runners and wave runners as  the Spanish 10 year tags 7.09%. They call it an “informal meeting”, so I guess it will take absolute disaster to get […]

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The Tale of the Tape

  I’ve been very bullish the last three weeks. You have seen me tweet things like “buy em’ when they’re dyin” or “buy the fear” I’ve abused cliches such as “they don’t ring a bell at the bottom”. I’ve strongly recommended that you avoid the media through this period and to run far and fast […]

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Still, No One Is Long

The folks at  McClellan have done a great job of calling this tape. Whether you believe that last week marked a short term bottom or not, this chart is fascinating. In March he said the market would bottom on June 4th. Not bad. It may telegraph what is to come. Much higher prices. Here is […]

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Smart Money

You need to watch what the commercial traders are doing. This is the smart money, not the guys at the barber shop. Anyway, the commercial longs  in the euro are about as long as they’ve been since the egg cream.   We’ll see who wins the battle, but I’ll bet on the commercial longs right […]

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Bulls and Bears, What Now?

So can we take today’s massive pop seriously?  The bull and bear argument gets more interesting here, much more interesting than a day or two ago. A few days ago we waited for the fall into hell, Europe was finished (probably still is) and the economic numbers on the home front sucked. The bears are […]

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What Do We Do About The Banks?

What Do We Do About The Banks – A Risk Management Approach Mark Garbin, CFA   Much has been written recently about JP Morgan’s $3B CDS loss and Morgan Stanley’s Facebook IPO debacle.  We also have many in Congress and other parts of the government again raising a stink about banks “there they go again”. […]

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Why Your Head Is Exploding

Here are two headlines in the last few days from the same guy at  a major financial publication. Watch for avalanche of sell orders Monday Here is the headline from the same guy this morning. Correction close to being over First of all, there was no “real” avalanche of sell orders yesterday and who knows […]

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Breaking Bad

“The mind’s job is to validate what it thinks.” – Byron Katie Lead actor Bryan Cranston stated in an interview that “the term ‘breaking bad’ is a southern colloquialism and it means when someone who has taken a turn off the path of the straight and narrow, when they’ve gone wrong. And that could be […]

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