Monthly Archive: September 2009

Watch out for the dollar 15

Watch out for the dollar

- UUP (dollar bull ETF) and SPY: – Bonds were also up today, of course. Given the extreme degree of consensus we saw during the latest highs in stocks and lows in the dollar,...

Valuation still matters 9

Valuation still matters

Many great traders could care less, but investors need value, and there has been none in the US stock market as a whole since about the early 1990s, and no great value since about...

Gold:Silver ratio approaches support 8

Gold:Silver ratio approaches support

The relative values of gold and silver are a measure of risk aversion, akin to the VIX. Silver is largely an industrial metal and reflects appetite for commodities in general, whereas gold is owned...

Long live the dollar! 4

Long live the dollar!

Dollar index here, with my annotations of readings in the Daily Sentiment Index (trade-futures.com) at extremes and turning points: Dollar chart from Stockcharts.com Clusters of low-mid single digit readings are very rare and very...

Liquidity is a state of mind 0

Liquidity is a state of mind

Quickie post here.  Check out Daneric’s post on the nature of this thing people like to call liquidity. People and media in general like to use the term liquidity. You here things like “its...