The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)

The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)   It’s hard to find anything negative to say about a market that has been on an even-keeled, upward trajectory for the last eight years.   You can mock what underpins its strength, you can deride the foolishness of those who’ve made millions just buying and sitting put, and you can wail like a newborn over the fundamental and technical excesses that are sure (eventually) to rock the very foundations of the financial edifice and send the global economy off the edge of the planet. And eventually, we admit, you’ll be right.  The fun will come to an end.   But it’s far more likely to be a jagged up-and-down affair…

Read More

New Year in, Same as the Old (GDX,OSX,XBI,XLE,KOL,QQQ)

New Year in, Same as the Old (GDX,OSX,XBI,XLE,KOL,QQQ)   We’re going to start off with a look back at our annual mid-year market predictions, found here for all those who hate to leave things salacious and unverified.   And how did we do?   Well, in the first place, we’re pleased to report that it has been another tremendous year of stock picking on the part of our team here at Normandy.  A glance at our track record page (on the website) shows a great deal of profit throughout the year.   That’s not to say there weren’t problems.  We had to roll out a number of troublesome trades to future dates, and that’s never…

Read More

Growing Cold and Crowing Gold (GLD,HYG)

Growing Cold and Crowing Gold (GLD,HYG)   In the same way that the mind and body can become inured to a constant barrage of negative stimuli – a crucial survival mechanism, no doubt – it can also grow insensitive to the positive.   That’s right.   And you can see this in the widespread American penchant for more, better, juicier and sweeter tasting food, a phenomenon that even manifests itself in a television channel dedicated entirely to eating!  There, you’ll learn how to make food, how to serve it, what to spice and spike it with in order to maximize your taste pleasure, and all in the name of moving your tastebuds further out the…

Read More

THE KEYS TO THE COMMODITIES (FNV,CGNX,BOTZ)

THE KEYS TO THE COMMODITIES (FNV,CGNX,BOTZ)   In the next couple of weeks, a significant technical signal will be triggered that will affect commodities, in particular, and the stock and bond markets in general.   It’s found in the daily chart of the U.S. Dollar – an item viewed regularly by technicians the world over – and it looks like this… This is the U.S. Dollar Index (DXY), a composite value for the dollar that’s derived from its performance against a basket of six important global currencies.   What you’ll notice, first and foremost, is the rollover occurring in the daily moving averages (circled, in red).  The last of the salient MAs (orange) is now…

Read More

High Yield Meat (HYG,SLV)

High Yield Meat (HYG,SLV)   Some assumptions are safer to make than others.   Until recently, for example, it was assumed that the financial markets would automatically be backstopped by the Federal Reserve and Treasury at the first sign of distress.  After all, we went through several rounds of Quantitative Easing, state-initiated bond purchases, government directed corporate bailouts and more over the last seven years, so why shouldn’t the process continue?   Why, indeed?   Well, it seems some at the Fed and in Washington now believe that the stimulus has to end.  With interest rates projected to bump higher several times in 2018 and the gradual reduction of the Fed’s balance sheet already commenced,…

Read More

Top o’ the Year to Ya! (DIA,FCX)

Top o’ the Year to Ya! (DIA,FCX)   It’s always easier to look back after the fact and act the sage, point out how obvious all the signs were, how the charts all pointed to that particular Wednesday being the top, and that particular earnings report triggering the selling, and the weak kneed trader at that hedge fund, already embroiled in a drug takedown that implicated the Gandhi crime family, whose sticky finger opened the selling when his Xanax wore off and he was without pills for better than an hour.   Sure.  It was easy as pie. But the truth, of course, is much more mundane.  Very few see the day or the sign…

Read More

“The Kids Are All Right” (XBI,HYG,DIA,PRI,PFE)

“The Kids Are All Right” (XBI,HYG,DIA,PRI,PFE)   It’s the end of the year, friends, time for stock taking, and boy-oh-boy have we got a surprising summing-up on offer.   Consider first that 2017 has been a year unlike any other in this generation in terms of natural disasters, politics, intrigue and war, never mind the markets.   Globally, we’ve never seen such equity success.  Have a look – Global equity markets have done the impossible, rising 13 months straight, in an unprecedented, non-stop ballistic climb toward the succubus nebula.   The What!?   That’s right.  From the media to the Oval Office to the New York Stock Exchange, it’s abundantly clear that we’re living through…

Read More

The Crypto-Reformation (GFI,AU,AAPL,DIA,AOBC)

The Crypto-Reformation (GFI,AU,AAPL,DIA,AOBC)   The biggest story by far this year in the financial world is Bitcoin, and the hop-along crypto-currencies that have been developed in its wake.   Our own commentary on the phenomenon has been limited thus far, with fellow Normandy scribbler, Hugh L. O’Haynew, chiming in earlier this week with his feelings on the matter at somewhat greater length.   We don’t want to bedevil you today with too much more on the story except to say that there is real evidence that the Bitcoin religion is stealing adherents from the chapels of the precious metal god. Hugh mentioned this in his tirade earlier this week, but just yesterday we caught wind…

Read More

Bitcoin and the Irony of “Real” Money (SLV)

Bitcoin and the Irony of “Real” Money (SLV)   One of the most fascinating aspects of the Bitcoin phenomenon is its ability to deflect investor attention from weightier matters and create such a frothy interest in something that, we feel, will ultimately lead to oblivion.   That’s a fully packed sentence, we know.  So let’s offer a little exegesis.   First, why call Bitcoin a ‘phenomenon’?  After all, its promoters and staunchest believers tell us it’s real money, not the phony fiat fraudulence we’ve grown accustomed to.   And because there’s a limit to how much of it can be made and the speed at which it can be produced, there are effective controls in…

Read More

“I Hear Voices…” (QQQ,TYL)

“I Hear Voices…” (QQQ,TYL)   There’s different kinds of insanity.  There’s the psychotic kind that no one likes to talk about, except when it exits the world, as Charles Manson did just weeks ago.   There’s also the less dangerous but far more common ‘dementia’ that strikes far too many good souls in their later years.   Then there’s a host of other illnesses for which both prescription meds and the ‘talking cure’ have been administered, with more or less success, for decades.   Schizoid Market   Schizophrenia is one of those illnesses, and it’s also what first pops to mind when we consider the current state of the stock market.  For how could it…

Read More

Powered by WishList Member - Membership Software
GET YOUR FREE SPECIAL REPORT: "THE SEVEN DEADLY SECRETS OF CHINA"

GET YOUR FREE SPECIAL REPORT: "THE SEVEN DEADLY SECRETS OF CHINA"

Enter your e-mail address to claim your FREE Special Report “The Seven Deadly Secrets of China” and become a FREE member of the 1000% Returns Club through Normandy Investment Research

You have Successfully Subscribed!