Monthly Archives: January 2013
Every now and then the limit of my tolerance for misplaced optimism (what I see as a conspiracy of optimism) is met. This afternoon was one of those times. Professor Jeremy Siegel -renowned economist- was on CNBC claiming the Dow will definitely top 15,000 this year. 3% GDP growth in 2013 — in what world could this have a snowball’s chance in hell […] Read the rest of this entry
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The two anchors -QE3 & QE4- have been deployed to stop / slow another economic slowdown and stock market crash. Yet the Greedometers are acting as they’ve only done prior to a stock market collapse. So it appears the QE3 & QE4 anchors are being dragged / they will not be sufficient to stop the collapse this time. This supports my long-held assertion that […] Read the rest of this entry
What do these points in time have in common: summer and fall 2000 summer and fall 2007 winter, and probably spring 2013? Answer: Retail investors were heavily buying risk assets (stocks etc) while corporate insiders were heavily selling. Actually I can list a few more: the VIX was hitting multi-year lows (fear takes a vacation) the OEX put/call ratio was exceptionally high (hedgies loading […] Read the rest of this entry
A few days ago I posted a blog entry (link here) suggesting last week’s advisor sentiment reading would be in the 2.6-2.75 range (bulls/bears). The data just came out (for last week). I was close: Bulls/Bears = 2.43. This is a very high reading, but not extreme. On a near term basis, the S&P500 is overbought, and the odds favor a small pullback and some […] Read the rest of this entry
It is widely understood that the Fed has been doing the heavy lifting to keep the U.S. economy on life support over the past 5 years. Quantitative Easing (QE) and Operation Twist (OT) have been key monetary policy tools. Interestingly, from the point where there’s a whiff of more Fed help to the point where it is near ending, US Treasury yields rise – […] Read the rest of this entry
Last week was the website’s busiest week ever. Several blog postings over the past 2 weeks have generated a great deal of traffic. Twitter seems to have played a role. I wish to thank all of you that have contributed to spreading the news. I find it gratifying that last week saw more than twice the traffic seen during the week I paid for […] Read the rest of this entry
In attempting to find effective and affordable ways to market the up-coming book, I’ve come up with these three offers to allow people to obtain the e-book for free! 1) Write a favorable comment on three recent blog postings. OR 2) Twitter. Re-tweet three of my tweets and use the two hashtags #Greedometer, #stockmarketcrash2013. OR 3) TED Talk. Suggest me […] Read the rest of this entry
Hello Greedometer followers. I’ve been working on videos for the e-book. I plan to have a short video (5 minutes or less) describing the Greedometer and mini Greedometer as it tracked through the previous 6 sequences. Some of them will be posted on the website.