Fortunes Are Being Made in This Sector – Marin Katusa of Casey Research

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McAlvany Weekly Commentary

McAlvany Financial Briefing Part 2

Posted on 28 May 2014.

About this week’s show:
-Mike Gallagher interviews David McAlvany
-The dollar has lost 96% in 100 years
-Financial repression robs the retired

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General Motors (NYSE: GM) a Sell

This is no doubt a tough market to trade. Stocks seem to be levitating over a pit of ravenous bears who can't seem to get the upper hand (at least not yet).
On average, taking big short positions has been a losing proposition for investors, as many stocks have managed to climb higher in the face of uncertainly. If you are going to go short, there better be a darn good reason to do so.
Even though momentum stocks may look overpriced, it's safer to use less volatile stocks in this market environment. Traders should also use stop-losses and have realistic expectations.  (more)

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Why bond yields are tanking

The yield on the 10-year Treasury note (^TNX) hit a new low for the year, sinking as low as 2.43% Wednesday, its lowest level since June 2013. In a phenomenon that has surprised many on Wall Street this year, money is rushing into Treasurys even as stocks hover near multi-year or all-time highs.

Yahoo Finance Senior Columnist Michael Santoli says the flood of money into bonds is a global phenomenon and that as low as yields have fallen in the United States, they’re still better than much of the world. “If I want to give you a list of the countries whose 10-year debt trades at lower yields than the United States, it’s almost all the developed world,” said Santoli, highlighting that the United Kingdom, Canada and Germany are among the countries with lower yields than U.S. debt right now. “Globally, there’s a scarcity of yield.”  (more)

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