The recent Atlanta Fed Prediction is “scary” as Zero Hedge says.
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Very possible, Peter
Al
Another effect of the higher dollar might have been purchasing managers knowing it would correct and not wanting to give up the deals that were available in foreign markets so they over-bought some. Resulting in switching funds from the bank account to inventories. They will work off the inventory this quarter and likely profit from their move. JMHO
Maybe!,
No More Greater Fools: Retail Traders Are “Pretty Fully Invested” In Stocks, TD CEO Says
Submitted by Tyler Durden on 04/30/2015 – 15:56
“Margin loans at high levels, client cash at low levels and account holders at the firm logging in frequently.” Believe it or not, that is not a description of day traders in China, but rather of US retail investors who, according to TD Ameritrade’s Fred Tomczyk, are all-in at the wrong time.
I would agree regarding the time!
Doc, the 2nd quarter will be bad because of the quake in Nepal, the volcano in Chile, and George W. Bush’s policies.
I would agree regarding the time!
I agree about the quake in Nepal! Makes about as much sense as any of the other lines.
George is still president? When did they amend the constitution to allow 4 terms?
George W. has not been president for over 6 years, but Obongo still blames him for the bad economy and everything else.
Don’t forget the drought in California. What a joke, the excuses used by the fed. LinkedIn just released major disappointment. LinkedIn was really effected by the bad winter. What a joke.
Great comment, Peter R!
Peter, Linkedln was affected by the bad winter. A lot of big snowstorms this past winter which dragged people away from their computers.
Funny Peter R.
Not that drought is a laughing matter, but that it is already being used as an excuse, just like winter at the exact same time. We’ve had hot and cold times before and the economy surged. Linked in doing bad like Pandora, GoPro, 3D printing, etc… because everyone went crazy again with these tech IPOs over the last few years, and they are easily copied, and their customer base is fickle and will all flock to the next cool tech app or gadget. Most of these tech “high-flyers” will survive, but just at lower stock prices once we get the bigger correction in the general markets later this year.
How about just stating the obvious fact that the economy is just not very strong.
Low gas prices didn’t spur the economy, people just used it to go out to eat and pay down debt.
The oil patch has a little more room to run, but it will correct back down hard again to around $38-$40 and the dollar run is not totally over, and once it gets down to 92 it will reverse and climb back up again at year end causing more waves once again.
drought is very serious no food production
It is, and I think the fertilizer industry is basing and bottoming currently and I am considering building a position in the following stocks over the next 3 months:
US tickers:
(MOS) Mosaic, (POT) Potash Corp of Saskatchewan, (FMC) FMC Corp, (ICL) ICL Fertilizer, (IPI) Intrepid Potash, and the ETF (SOIL) which is food/agriculture based.
Or my personal favourite…Canada’s Allana Potash being built in Ethiopia which is up 70% since I called the bottom a few months back. Go Allana!
Al can’t HEAR you
Not trying to disregard seriousness of drought or any other natural disaster. But the fact is the fed will always have something natural and unnatural to blame.
Agreed Peter R.
How about just stating the obvious fact that the economy is just not very strong.
Anyone here watching Natural Gas? Then take a look at this chart.
http://finviz.com/futures_charts.ashx?t=NG&p=w1
I think there is a good entry point here on Nat Gas if the dollar keeps falling. It has just begun to tick up and is posting an inside reversal so far this morning. Just something to keep an eye on. It does not matter if there are huge surpluses of gas either. As long as the dollar keeps weakening it will rise in my view and this, along with price gains in oil will be sending an inflationary impulse that will be felt in months to come (referring to expectations of inflation). Don’t forget that the crude oil story is really a dollar story. Everything else from war to rig counts to public Saudi comments are just window dressing where price is concerned.
I think bb let out some natural gas the other day on HH………… 🙂
That’s funny Frank, was that another good call you made on gold Bird? I actually mentioned to doc I had a feeling it was coming down, do I get credit for a call there?
Probly not.
Doc mentions he sees a sideways to down for May for gold and if that happens summer will “interestimg”.
Of course you get credit bb! The gold decline came through although not quite to the extent I was hoping. But whenever I see someone make the call that turns out to be right I am always curious how they did it or what the method was. Pat on the back to the guy who is hitting the bells and whistles.
FOR WHOM THE BELLs TROLLS, I mean TOLLS……. 🙂
Good call , ………..
Only 18 bucks to 1150 gold…..just saying. We will see it soon enough.
NEWS……..Two Traders caught by CFTC for spoofing gold market…………… zerohedge.
Well AL, I just saw a prety nice move on GLD funds on the closing market: 112K shares bought at 1,2 dollars up diference (115,73 and actual price was 113,61). I sugest a good run tomorow…