July 25: Daily Contrarian Reads
My daily contrarian reads for Tuesday, July 25th, 2017.
View ArticleThe Mother of All Melt-Ups
This is getting hideous. As of the moment, the S&P 500 is trading at 24.7X LTM net income, the Russell 2000 have soared to 90X, Amazon to 198X and Netflix to 227X. It's just one rip-roaring melt-up...
View ArticleAugust 2: Daily Contrarian Reads
My daily contrarian reads for Wednesday, August 2nd, 2017.
View ArticleAugust 3: Daily Contrarian Reads
My daily contrarian reads for Thursday, August 3rd, 2017.
View ArticleCherry-Picking The Data Doesn’t Make The Bulls Narrative True
The new story in the casino is that the Gong Show in Washington doesn't matter. That's because the global economy has supposedly entered a new cycle of self-fueling expansion----meaning that surging...
View ArticleAugust 4: Daily Contrarian Reads
My daily contrarian reads for Friday, August 4th, 2017.
View ArticleAugust 10: Daily Contrarian Reads
My daily contrarian reads for Thursday, August 10th, 2017.
View ArticleAugust 14: Daily Contrarian Reads
My daily contrarian reads for Monday, August 14th, 2017.
View ArticleDon’t Forget The Red Swan, Either
Given the anti-Trump feeding frenzy unleashed in the mainstream media by the Charlottesville riots and the upcoming debt ceiling/continuing resolution carnage among the unprepared GOP majorities in the...
View ArticleAugust 16: Daily Contrarian Reads
My daily contrarian reads for Wednesday, August 16th, 2017.
View ArticleAugust 22: Daily Contrarian Reads
My daily contrarian reads for Tuesday, August 22nd, 2017.
View ArticleAugust 23: Daily Contrarian Reads
My daily contrarian reads for Wednesday, August 23rd, 2017.
View ArticleAugust 24: Daily Contrarian Reads
My daily contrarian reads for Thursday, August 24th, 2017.
View ArticleAugust 29: Daily Contrarian Reads
My daily contrarian reads for Tuesday, August 29th, 2017.
View ArticleThe Donald’s Seinfeld Tax Plan—-A Big Show About Nothing, Part 2
The Donald did not disappoint in Springfield. After talking for nine months about the greatest tax cut in history without delivering any policy substance whatsoever, what he did yesterday was still...
View ArticleSeptember 7: Daily Contrarian Reads
My daily contrarian reads for Thursday, September 7th, 2017.
View ArticleSeptember 13: Daily Contrarian Reads
My daily contrarian reads for Wednesday, September 13th, 2017.
View ArticleSeptember 14: Daily Contrarian Reads
My daily contrarian reads for Wednesday, September 13th, 2017.
View ArticleSeptember 15: Daily Contrarian Reads
My daily contrarian reads for Friday, September 15th, 2017.
View ArticleShrug Today, Bleed Tomorrow
Deutsche Bank was out this morning with a 217-year chart that says it all. To wit, markets have reached a point of Peak Lunacy. In a world choking on economic, political, demographic and military...
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