Mebane Faber of Cambria Investment Management provides this useful chart from The Leuthold Group. It shows the average length and depth of bear markets going back to 1899. The data shows [ … ]
Category: Chart Of The Day
(Just Charts)
THE MOST IMPORTANT PROBLEM
It’s impossible to turn on the news without hearing all the excuses drummed up by various politicians for why the economy is weak. The usual suspects are taxes, inflation, crowding [ … ]
ISM NEW ORDERS MINUS INVENTORIES POINTS TO STEEP CONTRACTION
Notable permabear Albert Edwards of Societe Generale, points out an ominous sign in the ISM data. In a recent research report Edwards highlights the US ISM new order minus inventory [ … ]
PUTTING THE JOBS PICTURE IN PERSPECTIVE
The latest jobs report came out today with the Labor Department reporting that nonfarm payrolls (jobs) increased by 103,000 in September.
TURNING JAPANESE – STOCK MARKET EDITION?
I’ve often said that the US economy is largely following a Japanese path. The natural conclusion is to also conclude that the US stock market is likely to follow a [ … ]
UPDATING THE (LACK OF AN) INFLATION THREAT
Some of the recent inflation data is causing consternation in some corners of the investment world. At 3.8% headline inflation sounds rather high. But if we study the post-war era, [ … ]
THE PRIMARY TAKEAWAY FROM THE BERKSHIRE BUYBACK
One of the bigger stories floating around today is Berkshire Hathaway’s big share buyback – the first time the company has done so. Warren Buffett has often been critical [ … ]
INDUSTRIAL METALS PRICES POINT TO GLOBAL ECONOMIC CONTRACTION
We’ve seen some incredible moves in the market over the course of the last two months, but last week really took the move to an extreme. As previously discussed, precious [ … ]
WELCOME TO THE CASINO…
I don’t have much value to add in this story, but I just wanted to point out something that is probably rather obvious, but perhaps not fully appreciated. The last [ … ]