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We have told you for quite a while that the biggest bubble in history is the bond market. Central banks have spent trillions to keep rates down. To their credit, it has worked. But the final outcome? Remember, all bubbles eventually pop…and they pop when everyone is on one side of the trade. We are…

Forget the fact that Feinstein, Pelosi and many other Dems on committees knew about enhanced techniques on terrorists. Forget the argument on whether enhanced techniques were right or wrong. Forget the utter hypocrisy on capturing terrorists and then using enhanced interrogation techniques equals bad but blowing the terrorists up with hellfire missiles along with the…

We came into yesterday thinking a pullback was at hand. At 10 am, we were not so sure. But the reversal and this morning’s open simply tells us things are getting a little tougher in and around these levels. To be brief, pullbacks are a normal part of the process. They don’t have to lead…

Yesterday’s action showed markets are now in pullback mode. Recent highs could not be taken out with sellers now overtaking buyers.  The worst areas are being crushed while the best areas are now pulling back. Shorter-term support levels have been taken out but again, just a pullback right now. Pullbacks are a normal course of…

Beats the heck out of me what happens Wednesday but when : The nasdaq is down 70 early and finishes up 25… The dow is down 222 early and finishes only down 51… The lagging Russell, for a change…is up almost 2%… It usually means market already putting a line in the sand after a…

Except for two teases to the upside, we have been bearish on GOLD almost since the highs more than 3 years ago. We are still not bullish. But we have now taken a neutral stance as we think there is a chance a firm low has been put in. A break of recent lows would…