Monthly Archives: April 2011

Here is this week’s sentiment overview of the financial markets: Sentiment Surveys Equity sentiment for the US market as measured by the retail AAII weekly survey was little changed from last week. Those believing that the S&P 500 index will … Continue reading →

Retail investors are returning to the technology sector. The total assets of the Rydex Technology Sector Fund have swelled to $85 million, easily exceeding the previous top in total assets that marked the February 2011 market top. Total assets in … Continue reading →

A few readers commented that my objections to Jeremy Grantham’s thesis that the days of abundance are forever over didn’t really address the points that he brought up but merely his conclusion. My objection was that at or near the … Continue reading →

Last week I commented on the technical condition of the equity markets by pointing out that a continuation head and shoulder pattern was developing right at the support of the uptrend (see: Head and Shoulder Continuation Pattern). That pattern has … Continue reading →

I always look forward to reading Jeremy Grantham’s quarterly letters. The latest one however left me underwhelmed and puzzled. In it (see below) he makes a case that the commodity cycle that we are seeing is different than all the … Continue reading →

As the price of gold ticks higher, sentiment measures are becoming strained under the burden of investor bullishness for the precious metal. We already observed the extreme level for the DSI last week. This week I wanted to share with … Continue reading →

Here is the sentiment overview for the Easter holiday shortened trading week: Sentiment Surveys Retail investor sentiment as measured by the AAII weekly survey continued to become more lackluster this week. The bulls declined to 32% while the bears were … Continue reading →

The retail investors that use the Rydex family of funds to time the market and ride high beta sectors are shunning the financial sector and instead continuing to push money into the energy services sector. In February I pointed out … Continue reading →

The outperformance of small capitalization stocks has been one of the driving forces of the market’s recovery from the March 2009 lows. But we are now at a critical level as relative valuation levels between small and large caps get … Continue reading →

Sprott put out an interesting note today about silver. I’d like to offer my own somewhat jaded take on things to balance out their very absolutist views on silver. Sprott mentions the gold silver ratio and maintains that it will … Continue reading →