Goldilocks

Warning Signs

Like gasoline, all of these warnings are inert and, other than smelling really bad, are harmless... Well, that is until your cousin “Randy” shows up and decides to have a quick smoke.

S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues

European and Asian shares rise along with a jump in S&P futures which are pointing to a solidly green open on US payrolls day. The dollar, trading somewhat weaker against the euro was stronger against the yen, and was on track for its firth week of gains, while the rout in global Treasuries continued following a Mario Draghi conference that was interpreted as more hawkish than expected.

"Traders Got It Wrong Before The Election, And Continue To Get It Wrong Today"

"Traders got it wrong before the election, and continue to get it wrong today.” The VIX touched 10.50. “You see the tweets, the media battle, illegal voters, conspiracy theories, Mexican feuds, European taunts, border walls, fake news, and lies,” said Roadrunner, looking left, right, up. “But be careful what you watch. There is only one thing that doesn’t lie, and that’s the price."

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Why is Silver is Up Today?

Technology has finally devised more efficient use of Silver in windshield heating to replace copper filament and decrease glare. And that means more silver will be used. And that, in turn, means more similar applications will be researched.

Howard Marks: "So Much For The Experts"

"The opinions of experts concerning the future are accorded great weight . . . but they’re still just opinions. While I take a dim view of forecasts, and especially of opinions presented as facts, I do believe there are such things as facts.  Unfortunately, however, the concept of 'facts' is among the casualties of the increasingly partisan environment.  Recently we have seen both the elevation in status of 'non-facts', as well as the tearing down of 'real facts'."

Will Investors Get 'Hustled' By The Pros In 2017?

If you think you’re hearing a wee bit of a mixed message emanating from households and businesses, you’re not losing your marbles. If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.

Barron's Cover: "Get Ready For Dow 20,000"

With The Dow just one good day away from the nirvana of 20,000 - proving once and for all that the fiction-peddling naysayers are wrong about the US economy - Barron's unleashes its magazine cover curse to do all it can to end the party.

Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

A new warning has emerged when looking at the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons: when observed on an actual basis, the number of multiple jobholders just rose to 8.107 million, a new record high print for the 21st century.

Weekend Reading: Market Breaks Support, Time To Worry?

“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”