All Hail the Dipstick Trade! (FB,PRI)

All Hail the Dipstick Trade! (FB,PRI)   Just to get a sense of how ridiculously slap-happy bullish the market for tech stocks has become, we offer the following look at the PowerShares QQQ Trust Series (NASDAQ:QQQ), a proxy for the NASDAQ 100, for the last two years.   What’s m0st striking about the chart, in our view, is the index’s price action in relation to her moving averages.  Have a look – This is amazing.  The last time the QUBES touched their 137 day moving average, indicated by the blue arrows, was back in July 2016 (black circle), and the last time they spent more than a few weeks below that marker was in May…

Read More

“Caution! Disaster! Markets on the Rise!” (TYL,SCHL)

“Caution! Disaster! Markets on the Rise!”  (TYL,SCHL)   Say it over and over again, mantra-like, because it appears that no breakwater exists to contain the ongoing tsunami of buying we see in equity markets worldwide.   Half of the planet’s biggest 35 indexes have set new record highs in 2017, the most since 2007, the year before a global meltdown wiped 50% off the value of the Dow, and other markets.   And the question is, can it continue? The Dow has already logged better than 60 record highs year-to-date (the most since 1995), and we still have a full month to go before the book is closed.   On the economic front, there’s a…

Read More

Angry Billionaire Implodes! (PFE,USO)

Angry Billionaire Implodes! (PFE,USO)   Many have asked us over the years to summarize in our own pithy way the true meaning of life and to mince no words in doing so.   But as we’re not yet accredited philosophers, we here at Normandy prefer to limit our ruminations to subjects we’re familiar with.  And that means money, brother – its acquisition and, at times, its loss.   So, in an effort to please the many who took pains to contact us on the matter, we hereunder offer the following, limited piece of useable wisdom.  Please commit it to memory –   The transience of affluence is caused by 1) an overabundance of opulence, and…

Read More

If People Won’t Die, Will Bulls…? (KOL,FXI)

If People Won’t Die, Will Bulls…? (KOL,FXI)   We were intrigued by a recent NBC News piece that pushed the notion that eternal life was actually available in the here and now world as we know it.  Or, rather, that it soon will be.  You can read the article yourself here, but the kernel of the piece is that technologies currently under development, including those that involve artificial intelligence and prosthetic bodies, will somehow, eventually, be able to absorb our finite human selves and allow us to be perpetuated in perpetuity!   There’s even one fellow named Kurzweil who claims the process, which he terms ‘singularity’, is already underway and should be near completion by…

Read More

Normandy Exec Charged With ‘Manspreading’ – Claims He Was Framed (PRI)

Normandy Exec Charged With ‘Manspreading’ – Claims He Was Framed (PRI)   The world is a wacky place, friends, and no stranger, perhaps, than in the financial sphere, where the disconnect between substance and reality can be immense.   Consider first, though, that there are two things that are regularly confused or otherwise conflated in the money realm, and they are:   1) The economy, and 2) The stock market.   No, no, Lorelei.  The economy is a very large and cumbersome creature that is difficult to measure, equally challenging to predict and nearly impossible to manipulate for any meaningful stretch of time.  It consists of literally every decision that people and businesses or other…

Read More

GET AN EDUCATION! (SCHL)

GET AN EDUCATION! (SCHL)   Everybody wants to write a book.  And it’s likely that everyone has a book that needs to be written.   Unfortunately, some people don’t have the skills or time to write a book.  Others, who do, may not be able to produce something that anyone wants to read.  That’s just the way the cookie bounces.   So it’s really a hairline, tightrope-walk to a project that actually makes it into print, gets purchased and produces a profit.   Not to mention anything of bestsellers.   And that brings us to the focus of our trade for the week – the publishing business. It’s no secret that online publishers, foremost among…

Read More

Wonderful World of Mid-Caps (MTD,IWR,DBC,XLE)

Wonderful World of Mid-Caps (MTD,IWR,DBC,XLE)   Well, we’ve waited… and waited… and waited….   We’re patient people, after all.  So it doesn’t kill us to bide our time.   But we have to admit that it’s getting a little ridiculous.   As of the latest data, the NASDAQ market has set an all-time record number of new highs in a calendar year at 63.   Have a look – The last time we got a reading this high was back in 1980.   That’s almost 40 years.   But not only have we seen relentless buying on the part of investors over the year; we also have a situation of persistent calm during the entire…

Read More

Investor, There’s a Bug in Your Olive Oil (CGNX,BOTZ,TGT,LVNTA,QQQ)

Investor, There’s a Bug in Your Olive Oil (CGNX,BOTZ,TGT,LVNTA,QQQ)   In what might be considered a perfectly apropos metaphor for the state of investing these days, the Kansas City Star yesterday reported that Vincent Van Gogh’s ‘Olive Trees’, painted in 1885 directly before the artist took his own life, has been hiding a secret for better than 125 years. Curators at the city’s Nelson-Atkins Museum report finding a grasshopper that was lodged in the paint all those years without anyone noticing, attributing it to the simple vicissitudes of painting outdoors.   The Bug in the Oil   And we wonder if, after the ‘suicide’ of the current bull run, this stock market’s ‘grasshopper’ will be…

Read More

Sell-Off Lurking (HYG,GLD)

Sell-Off Lurking (HYG,GLD)   Not long ago we wrote about a market indicator we developed and brought public in the late 1990’s; something we refer to as ‘volatility compression’.  We described it recently in a letter called Buy Everything Now!, so we won’t put you through the labor a second time, only to say that it’s worthwhile going back to re-familiarize yourself with the concept, because it’s once again popping red on our screens this week.   Don’t Touch my V-Spot!   Bottom line is this: the CBOE’s VIX indicator, a measure of implied volatility on 30 day SPX options, has now registered repeated multi-year lows over the last six week period.   Have a…

Read More

Breaking News: Kremlin Behind Market’s Rise!

Breaking News: Kremlin Behind Market’s Rise!   Don’t look now but there’s a special investigation going on right under your nose.   Right under your computer screen.   Right under your bank balance.   And not only that.  It’s bound to make you richer than you imagine – richer even than the Smirnoff’s over on Ellis Avenue.  Richer than the plumber with the white F-150.  Rich, I say.  Bloody rich.   But know it well: you’ll have to compromise yourself.   Compromise?   That’s right. But not in a Harvey Weinstein kind of way.  No, no.   Rather… well, think Vladimir Putin.   Y’understand?   It’s like this: the Russians, you see, have been behind…

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!