I don’t know whether Goldman Sachs would like to review their BRICs MODEL. Former Bear Stearns CEO Alan “Ace” Greenberg says the investment-banking model he helped pioneer is defunct and that Wall Street is dead. If the Wall Street is dead and so is structured finance, I don’t know how far behind is the BRIC […]
…the DOW bottom. If markets could not have got more complex for GOLD BULLS, our intermarket cycles desk has initiated a LONG SILVER, SHORT GOLD signal. Though the signal was cooking for sometime since we gave our SILVER TURNS UP update (WAVES.GOLD.311008), we were waiting for more confirmation regarding a turn up on the silver […]
Conviction is a strange thing, it tests you, your determination, your home work, your skill, how individual you are and how patient you are wearing the FOOL’s CROWN. It does one more thing, it makes you extremely individual, probably alone (when you are right), screaming sell at a top and buy at a bottom. But […]
This is a harsh reality, but masses don’t understand cycles and the uncanny asset linkages. The fact is that we at Orpheus too are also scratching the surface. Though there are market timing models, timing the market in future with a small time window of a few days, is a skill we look up to. […]
The last time we covered GOLD was when it was ranging between dollar 920-950 levels (FOOL’S GOLD). Well we have had a financial crisis and so much activity since then. But the crisis commodity is still sub 900. And as anticipated it did push lower back to sub 800 levels till 730. What happened? Why […]
“The fundamental business of this country is on a sound and prosperous basis,” President Hoover, in October 1929. “The economic fundamentals of this country remain sound”, Ronald Reagan, in October 1987 are clear historical precedence regarding the worthless of news, as Ralph N Elliott pointed out in 1930’s. October connects us like nothing else. Elliott also mentions about the French economist Pigou in his market letters, published by the New Classic Library. Pigou discussed at length psychological errors and their relation to booms and depression. He maintained that an error of optimism tends to create, throughout the community, a certain measure of psychological interdependence until it leads to a crisis. Then the error of optimism dies and gives birth to error of pessimism. We are nearing October 2008. If this looks like just another calendar date, think again.
I first read Nassim Taleb’s story on the virtue of buying cheap options in 2000. It was a tough time for an option believer in those days in India. Out of my basement stint for an e-broker, which was struggling under startup pressures with “nobody seems to be interested in futures” statement emailed to me, […]
Nothing can rise exponentially, even if it’s OIL. The asset’s exponential rise is more an indication of an ending trend and not vice versa. We don’t have any chilly warning about OIL heading to dollar 200, like many in OPEC believe. Does OPEC really know? The axiom linked with the 40 dollar plus OIL, as […]
THE STORY OF HOW GOLD FOOLED RECESSION. DID IT? We are not in times of mess. We are in times of unprecedented mess. Not because people have lost a lot of money, but because a loss is messy, loss of jobs, loss of a house, loss of a client, loss of purchasing parity, loss of […]
Cash conservation becomes strategic, as the healthy disinflation era is challenged by rising food prices. “We learn from history that we do not learn from history,” these famous words of George Bernard Shaw are a befitting reality for mankind. These people he talked about also dabble in stocks and commodities. And a majority of them […]