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Chart Of The Day: Baltic Dry Index Revisited
Despite pervasive optimism that the global economy has left the recession behind and is poised for solid future growth, the Baltic Dry Index (BDI) continues to trend lower. Recall, the BDI is a price...
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Quote Of The Day: German Car Industry
Every frat boy (U.S. government) loves a kegger (cash for clunkers), but the resulting hangover (fewer future sales) is another story. Cash for clunkers has come and gone. As expected, auto sales...
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Dilbert on Retirement Planning
As much as I like outside-the-box thinking, I don't expect to see this on the next CFP exam.The Market Rubbernecker is affiliated with Aspera Financial, LLC, a registered investment advisor. Please...
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Today Only! New-Car Sales Report Out! Hurry! Don't Miss It!
I wrote a brief piece a few days ago about the cash-for-clunkers program and how it would simply pull sales forward rather than stimulating any sustained demand. The first piece of evidence came out...
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Dilbert: Plunge Protection Team
Clear signs of a manufactured rally: stocks rise on low volumethe market is dependent on a global liquidity bubblethe private sector is flat-liningcartoon dogs have a better grasp of reality than most...
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Who Is Worse? Cramer or a $500 Per Hour Psychic?
I seldom struggle for words. Fortunately, this video clip from Jim Cramer'sTheStreet.con (not a typo) speaks for itself. At least we now have a better idea where Jim's investment ideas come from.There...
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Quote Of The Day: Frankly Stupid
Courtesy of Calculated Risk:“I don’t think it’s a bad thing that the bad loans occurred. It was an effort to keep prices from falling too fast. That’s a policy.”Barney Frank, chairman of the House...
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Quote Of The Day: Elephant Cheeks
This speaks for itself.Many people attempt to be analysts or economists, yet they speak without having real experience, and they fail to see that they are really nothing more than a fly on the ass of a...
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A Saudi Oil Subsidy?
Saudi Arabia is proposing that the developed world compensate the kingdom for any global warming-related decline in the demand for crude oil. You have to love the thinking: We expect to be paid a lot...
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Chart Of The Day: Dow Breaks Through...7500?
My clients often hear me harp about inflation and the importance of looking at returns and performance on a real basis (taking out the impact of inflation). Today's Chart Of The Day comes compliments...
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Video: The Button
I like to think of the cast as follows:Mr. Mathison is Goldman Sachs"Someone somewhere in the world..." is the American taxpayerThe button is CongressThe million dollars is the bailoutThe Button -...
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Quote Of The Day: Qin Xiao and Chinese Bubbles
This quote comes from a Financial Times story entitled, "Top China banker warns on asset bubbles." What I most appreciate is that I can't imagine a top U.S. banker saying this. From the article:China...
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FDIC: The Lady Doth Protest Too Much
Investment rule: The more they tell us not to worry, the more there is to worry about.link to videoThe Market Rubbernecker is affiliated with Aspera Financial, LLC, a registered investment advisor....
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Chart Of The Day: VIX
The VIX index (a measure of implied volatility) put in an amazing performance on Friday, rocketing 24% higher on the session. The index had been trending lower since peaking just north of 80 in late...
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Dr. Doom vs. The Investment Biker
Roubini versus Rogers. Let's recap the match to date. First, NourielRoubini gets in the ring by himself and starts shadow boxing. He warns that a "wall of liquidity" and "the mother of all carry...
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Quote Of The Day: Michael Milken
Michael Milken on the usefulness of credit rating agencies:So if you are relying on rating, then I am not sure why, as a money manager, you should be paid a fee because there isn’t too much value-added...
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IEA Whistleblower Buoys Peak Oil Theory
There's a terrific piece in the Guardian today entitled "Key oil figures were distorted by US pressure, says whistleblower." The gist of the story is that the IEA has been intentionally overstating...
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China: Government Planning At Its Worst
Nice work from Al Jazeera highlighting the lengths China has gone to in order to sustain its economic growth. China may have a very bright future, but investors ignore China's expensive stock market,...
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Pop-Up Book of Phobias
Maybe I need to get out more, but I found this very interesting and creative. The only thing missing was a fear of being left behind in the market.The Pop-up Book of Phobias from donvanone on Vimeo.The...
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No Inflation? Student in the UC System May Disagree
Of course, any one data point is irrelevant, and saying that California has the finances of a third-world country is insulting to many third-world countries. Still, a 32% hike in tuition? Consumer...
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