As you probably expected, Asia opened firmer following the strong US performance. For the majority this remained the trend for the day but not for the Nikkei. Having seen 16 positive closes in a row, today was time for a rest. We saw some profit-taking and a reversal after the strong open, eventually drifting close […]
Private Blog – Dow Jones Industrials for October 25th, 2017 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
The New Zealand Prime Minister that took the country back into Marxism, has fired its first shot across the bow. The Labour party have formally signed a coalition agreement, introducing all new policies focusing on climate change, regional development, and poverty which translates into hunting the hated rich. Thirty-seven-year-old Jacinda Ardern, a member of the New […]
There has been an effort to use diamonds in place of gold since you can travel with them without setting off metal detectors. But the real problem has been the untrained eye can easily be fooled. The Singapore Diamond Investment Exchange (SDiX), has launched a new product they hope to compete with gold. Perhaps this […]
Hillary is running around pitching her book – What Happened. Of course, we all know the answer – she lost. The problem is that she takes no blame for that and like a fool who buys the market at the top, they come up with conspiracy theories to blame everyone else for their failed investment. […]
QUESTION: I read your blog about the Saudi’s potentially selling a large private equity position from China in Aramco rather than accessing the public markets. You have pointed out the need for the Saudi’s to modernize their economy to be less dependent on oil income and to monetize that resource for capital improvements/diversification, but how […]
Having just seen an uncertain US session, Asia was a little confused which way to take markets from the opening bell. Still, it appears as though Shanghai and Hang Seng want to cancel each other out which a very much mixed session. The Nikkei had another strong day resulting in 16 days of consecutive […]
Europe is now replicating the 1930s and the mistakes it made with austerity back then as well outside of Germany. Of course, Merkel has imposed the German view of austerity based on their experience but has ignored the opposite experience of the rest of Europe that led to the 1931 Sovereign Debt Crisis and mass […]
The recent report by the Commodity Futures Trading Commission (CFTC), shows that the professional investors have continued to bet on falling Dow Jones “short” as private investors are starting to bet heavily on rising prices ( “Long”). Professional investors remain suspicious of a further rise in the US stock market. The private investors’ view is exactly the opposite. The question is; Who will be right? There have been plenty of […]
QUESTION: Marty, we are living in Austria and we try to grasp what will come after the Dow reached the mid 30.000s or even the 40.000s in 2019/20 and the dollar went up too? what goes up must come down. it would be good to know how to prepare oneself for the everyday life as […]
