Published in January 27th, 2012
BarroMetrics Views: QE 2.5
FOMC night saw QE 2.5. the Fed promised to hold rates at low levels to 2014, viewing inflation as a low probability event
Quite a few of my seminar attendees know that I see QE as threatening hyperinflation. But despite all the increased money supply, we aren’t seeing an inflation threat. Sure, we […]
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Published in January 26th, 2012
BarroMetrics Views: Greece, Europe and the FED
Since late 2010, a sentiment has developed in the US markets that the FED will shield the US Stock Market from any overwhelming collapse. Its solution to print as much money as needed until conditions return to normal. As the 197o’s showed, this is a mistaken belief. The piper […]
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Published in January 25th, 2012
BarroMetrics Views: Apple
Apple announced an EPS of US$13.87 (as compared expectations of US$10.15). The ES jumped from 1308 to 1315.
A just tribute to Steve Job. But…..
My view is it is probable that this will be the best result for time to come. Indeed, I expect Apple to see a decline as Job’s absence is felt.
Steve […]
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Published in January 24th, 2012
For me, the end of 2011 brought a personal crisis that has lasted until this morning. I had some news today which brings some sunshine. Let’s hope Dragon Year is good for you and me.
Turning to the markets.
Since the beginning of the year, the S&P has been grinding up in a fashion that suggests a […]
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Published in January 10th, 2012
BarroMetrics Views: Cooking the Books
The stats of some countries, e.g. China, we just can’t believe. To get a handle on their affairs, we rely on anecdotal evidence or on numbers the Central Government fails to hide. When I first started trading in the early 70’s, the one country’s stats I felt I could rely on […]
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Published in January 9th, 2012
BarroMetrics Views: Wish to See
One of the pitfalls traders face is “seeing what we wish to see”; and often, the market will accommodate us.
Take the S&P last week - the price action had enough signs to satisfy both bull and bear.
We started with the seasonal bullish start on Jan 3. The bulls were clearly in […]
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Published in January 4th, 2012
BarroMetrics Views: 2012 In With a Bang?
The world stock markets started 2012 with a bang. Seasonally this is what the first day of the New Year usually brings. I am more interested to see what today brings. Today will mark the end of the ‘Xmas Rally’ period, I use it together with the January effect […]
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Published in December 21st, 2011
BarroMetrics Views: Xmas Indicator for 2012
Many years ago I read an article about the ‘Santa Claus Rally’ and ‘The January Barometer’. Since reading the article, I have incorporated both into my trading plan.
The Santa Claus Rally takes in the last five days of a year and the first two days in January. If a rally […]
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Published in December 19th, 2011
BarroMetrics Views: Deju Vu
In 1980, I sold my legal practice and turned to full-time trading. At the time, Gold was in a downtrend, and I seemed to pick to go short the precise day when it would correct up for 2 to 3 days. I compounded the loss by stopping and reversing (so from short, […]
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Published in December 16th, 2011
BarroMetrics Views: Europe and the US
Watching CNBC last night, I could not help by be struck how TV has augmented effects of the recency bias. When Non-Farm for November came out showing an unemployment rate of 8.6%, I was expecting the commentators to jump on the hype bandwagon that the US was well on the […]
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