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07 January 2014
Global economic momentum is improving and looks set to surprise on the upside in 2014. However, Doctor Copper should not be ignored. Copper has frequently been dubbed the metal “with a Ph.D. in economics” for its uncanny ability at forecasting the global economic cycle. When the global economy expands, industrial output increases and demand for copper pushes its price up. The converse happens when the global economy contracts.
The two charts below show the 5-year weekly copper price and the MSCI World (Stock) Index for the same period respectively.
05 January 2014
Regardless of how the economy performs this year, I suspect the U.S. stock market is due for a correction, perhaps as soon as the first quarter of 2014. Sentiment is very bullish and fund managers have piled into the market en masse to avoid under-performing their peers or their benchmarks. People generally believe the Federal Reserve has managed to rescue the economy. The market has moved straight up for one year with at most very shallow pullbacks. I believe the time is ripe for the market to rattle some nerves.
The first chart below shows the 10 and 30-day moving averages for the NYSE Advance/Decline line. The 10-day (blue) is a short term indicator, while the 30-day (red) is an intermediate term indicator. The second chart is the weekly S&P 500 chart for the same period.
05 January 2014
According to STRATFOR, the year 2014 might be a decisive year for the U.S. in its involvement in Middle Eastern geopolitics.
STRATFOR’s latest geopolitical diary makes the case that working toward a nuclear settlement with Iran will take centre stage in U.S. strategy, with other hot spots like Syria and Israel/Palestine playing a peripheral but supportive role.
The Obama Administration is likely to manage Syrian negotiations and the Israeli-Palestinian talks in such a way that they reinforce the U.S. negotiating position with Iran. The ultimate goal, however, will be to pursue a settlement with Iran that points the way toward restoring a balance of power in the region, and in so doing, secure America’s geopolitical position with regard to the Middle East.
29 October 2013
Images and avatars of giraffes stormed Facebook walls on Monday night and Tuesday morning as one netizen after another conceded feat in attempting to solve a deceptively simple puzzle.
The puzzle reads as follows: “I’ve changed my profile to a giraffe. I tried to answer a riddle and got it wrong. Try the great giraffe challenge! The deal is I give you a riddle. You get it right you get to keep your profile pic. You get it wrong and you change your profile pic to a Giraffe for the next 3 days. MESSAGE ME ONLY SO YOU DON’T GIVE OUT THE ANSWER.
Here is the riddle: 3:00 am, the doorbell rings and you wake up. Unexpected visitors, It’s your parents and they are there for breakfast. You have strawberry jam, honey, wine, bread and cheese. What is the first thing you open?
Remember… message me only. If you get it right I’ll post your name here. If you get it wrong change your profile pic.”
John Mauldin, 23 Jan 2010 When I was at Rice University, so many decades ago, I played a lot of bridge. I was only mediocre, but enjoyed it. We had a professor, Dr. Culbertson, who was a bridge Life Master at an early age. He was single and lived … [Continue reading]
By Paul Kedrosky It rarely pays to be contrarian. For the most part trends go in the same direction for some time – that’s why they’re called “trends”. Whether it’s real estate prices, credit card debt, Treasury issuance, or Croc … [Continue reading]
By Arne Alsin RealMoney.com Contributor 11/9/2009 11:30 AM EST URL: http://www.thestreet.com/p/rmoney/investing/10623575.html Count on it. For the next several years, the stock market belongs to the bulls. You're going to see periodic pullbacks, … [Continue reading]
Source: ST, 09 Sept 2009 What is Men In White all about? How different is it from previous books on Singapore's ruling political party? Let me clarify what the book is not. It is not a re-telling of Singapore's transformation from Third … [Continue reading]
Source: ST, 09 Sept 2009 IT WAS a historic moment with friends and foes gathered together under the same roof where they last met more than four decades ago - at the Old Parliament House. The occasion was the launch of a new book on the … [Continue reading]
Source: ST, 09 Sept 2009 MORE than one for the album, this was a picture for the history books. If not for the numerous photographs capturing the moment, many would have scarcely believed what took place yesterday in the Old Parliament House - … [Continue reading]
Source: Straits Times, 08 Sept 2009 A COLLEAGUE remarked to me the other day that something had struck him as he read Temasek Holdings' updated charter released last month: Nowhere in the 200-word document is there a mention of Singapore. There … [Continue reading]
Source: Straits Times, 25 Aug 2009 This group was affected most by food and housing prices in first six months By Joyce Teo SINGAPORE's poorest 20 per cent were hit twice as hard by inflation than better off households during the first half … [Continue reading]