That’s me, of course!
But while I came out ahead of most commentators in calling the housing bubble and the banking sector crash, I wasn’t the most vocal or high-profile one. Someone on the shortlist for that accolade would have to be Peter Schiff. On Tuesday he was on Bloomberg covering what he sees […]

I’ve done a ton of reading about the current financial crisis, and seen numerous articles that explain components of the reasons for the meltdown - but the best explanation of the whole chain of interconnected players in the house-of-cards built on a foundation of greed comes from the radio, not the press.
Congratulations to Chicago Public […]

… Or: “Is Banking Tanking? - Phase 2″
Comptroller of What?:

Maybe the most important public servant you’ve never heard of: John C. Dugan is the current and 29th Comptroller of the Currency for the United States.
The Office Of The Comptroller Of The Currency (OCC) is established as a Bureau of the Department of the Treasury, […]

Almost 5000 trading systems on Collective2 - how do you find the best?
In this latest update of the best trading systems on Collective2 only 8 systems meet my stringent criteria, out of a total of almost 5000 systems.
Here are the criteria:
Criteria:

Max Drawdown not more than 20%
Realism Factor of 80% or higher
Age on C2 of 60 […]

Collective2 is an independent company that verifies and audits trading system performance using live trading data in real-time.
To be frank, the almost 5000 systems on Collective2 are no different from traders anywhere: 90% of them fail, and only a small percentage are consistent and professional.
So how do you find the best trading systems - those […]

S&P 500 and DJI have slid about as far as they can without breaching critical support levels. In the process they’ve carved out almost perfect A-B-C declines, and finished with a very nice intra-day reversal pattern yesterday. Pushing below nearby support would strongly suggest something much nastier is about to unfold. I […]

The Semiconductor Sector (SOXX) comprises heavyweights within the NASDAQ 100 Index (NDX) such as Intel, and is the largest weighted sector within the NDX. So it’s not surprising that SOXX and NDX normally track quite closely.
Dramatic divergences like the one we’re seeing right now are extremely rare: I could only find one comparable instance […]

EURUSD Nears End Of An Era:
Back on August 6, I wrote an article about EURUSD titled: “The End Of An Era Approaches For EURUSD“, and included the following comment:
“… look for EURUSD to push to a new high, and then look for a reversal bar or pattern. We don’t need to be any more prescriptive […]

Feeling No Pain: When key US market indexes dropped 11 - 14% recently, the media everywhere highlighted how markets around the world fell in sympathy with the US market. They overlooked China! (or conveniently ignored it).
During that same period China’s SSEC Index soared almost 20%!
Check out the chart below of SSEC. Click on […]

Buy at AllPosters.com

Imagine this: you find your son playing with matches in your house. “Son, that’s a mighty dangerous game you’re playing - you could burn the house down. Oh, I see you’re almost out of matches, here use these ones that I’ve borrowed … and by the way, if anything […]

Blowing My Own Trumpet:
Back in August 2005, economists everywhere were confidently predicting a “soft landing” for the US housing market. I wonder if they’re so confident now?
Back in August 2005, I was one of the few to identify the early signs of the bursting of the housing bubble, and I wrote about it in my […]

No MagicT has nothing to do with mushrooms, it’s short for “Magic Trough”.
It is a trading signal I developed as part of my TrendSensor trading system. It can identify very early when panic selling is exhausted and a new rally is kicking off. It catches the end of the nastiest, most precipitous declines […]