Last week Bank of America published another market report, helpfully summarized by ZeroHedge. BoA's chief market strategist Michael Hartnett has been turning increasingly bearish and expects that a coming [interest] "rates shock" will burst the asset bubble. This is in fact very much possible and there’s a 50% chance that Hartnett is right (heads, he’s … Continue reading Do not bet against the bubble – not yet…
From Monday's TrendCompass report: On 23 October, Yale economics professor, Robert Schiller gave a speech to a gathering of investors in Los Angeles. "I see bubbles everywhere...," said the nobel laureate and author of "Irrational Exuberance." Dr. Schiller famously predicted the bursting of the dotcom bubble in 2000 and the crash of the housing market in 2007, so … Continue reading Bubbles, bubbles everywhere…
Markets move in trends. This is a glaringly obvious fact for anyone with eyes to see. In fact, already 2000 years ago in his timeless classic, "The Art of War," Sun Tzu identified trends as one of the three great avenues of opportunity. In spite of that, the idea that markets move in trends is … Continue reading My University of Texas guest lecture on trend following
As we approach the autumn season, the charts of both Gold and Silver look very interesting, suggesting that over the next few months we could see very significant price events in both precious metals. I base this purely on my reading of Gold and Silver price charts but I’ll also address some unprecedented anomalies in … Continue reading Are Gold and Silver due for an explosive rally?
Tens of millions of individual investors worldwide took the step of setting up their own brokerage accounts to actively manage their portfolios. Unfortunately, most of them lose money: an 11-year study published by the UK regulator FCA found that 82% of them lose money. The data published by many of the retail brokers corroborate this. … Continue reading Warren Buffett and Ben Graham: momentum players, NOT value investors!
One of the greatest worries for investors and savers – and also everyone living on fixed income – is inflation, which could accelerate to levels not seen since the 1970s. One of the asset classes that ofer effective protection from inflation are precious metals. Over the recent months, as many commodities have rallied strongly (Oats, … Continue reading Is it a buy? Gold and Silver prices round-out a bullish technical case
The market for U.S. Treasury securities is the single largest market in the world. It sets the interest rates on American government debt which is the most important price in the global markets and as such kept under a microscope by an army of analysts worldwide. Recently a relatively minor drop in yields left the … Continue reading Treasury yields crash: as experts scramble for clues, trend followers profit.
Over the past four weeks Bitcoin's price fluctuations have traced an interesting pattern that suggest a favorable risk-reward ratio, an acceptable point of entry (at the time of this writing at about $32,600), close stop-loss point and a much more open upside potential. The analysis is offered in the following 7-minute YouTube video report: https://youtu.be/O1Q0FsycUO0
More than a century of empirical data covering 18 of the world’s largest stock markets show beyond a shadow of doubt that market trends are the most powerful drivers of investment performance. The foundations of a successful long-term investment management practice should rest on four pillars: TruthStrategyDisciplinePatience Truth is what we try to uncover by … Continue reading Market trends: far and away the most powerful drivers of investment performance
Bitcoin has been one of the favorite objects of trading speculation in the recent years: it's vaulted over six million percent with compound annual return of more than 200% every year since 2009 (h/t Raoul Pal). https://youtu.be/Qn-7oFKXsE8 Even just in the last 12 months, it has gone up from under $10,000 to over $63,000. However, … Continue reading Bitcoin reversal? Three technical warning signs!