Gold Slowing (SPY, GLD)

Executive Lounge, Wall Street Elite

There are a few broad market developments now in play that give us little comfort. The first is the sharp rise in bullishness on both Wall and Main Streets. The second is a certain giddiness on the so-called political ‘right’ over their election win last week, a development that could properly be read as ‘overbought’ […]

November 10, 2014

Launch the Dirigibles! (HYG, FB)

Executive Lounge, Wall Street Elite

We want to spend a few minutes discussing high yield investments – and not just because we like their prospects. High yield securities, or junk bonds (as many prefer to call them), are an outstanding barometer of market psychology. That is, they provide a very useful snapshot of where both main street and Wall Street […]

October 27, 2014

Gimme Shelter (SPY)

Executive Lounge, Wall Street Elite

We’ve harped on this issue for well over a year now, but it bears repeating, albeit in a slightly different form, in order to drive the point home. And it goes like this – We’re currently passing through an investment environment that’s simply unprecedented. Until roughly five years ago, the financial system as a whole […]

October 6, 2014